Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic - 2023
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic (CIF) - 2023
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic (FOB) - 2023
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic
Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic (CIF) - 2023
The average import price for keyboard electrical musical instruments, other than accordionses stood at $716 per unit in December 2023, picking up by 119% against the previous month. In general, import price indicated a perceptible increase from December 2022 to December 2023: its price increased at an average monthly rate of +2.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for keyboard electrical musical instruments, other than accordionses decreased by -25.3% against August 2023 indices. The import price peaked at $959 per unit in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($851 per unit), while the price for Vietnam ($123 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic (FOB) - 2023
In December 2023, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $481 per unit, picking up by 31% against the previous month. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 91% m-o-m. Over the period under review, the average export prices reached the peak figure at $1,176 per unit in October 2023; however, from November 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($1,590 per unit), while the average price for exports to Austria ($95.4 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic
Imports of keyboard electrical musical instruments, other than accordionses into the Czech Republic contracted sharply to 22K units in 2022, which is down by -17.7% against the previous year. Over the period under review, imports faced a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 1.9% against the previous year. Over the period under review, imports of hit record highs at 35K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of keyboard electrical musical instruments, other than accordionses dropped to $13M in 2022. The total import value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $15M, and then contracted in the following year.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.5 | 4.3 | 5.3 | 4.9 | 114.0% |
| Austria | 0.1 | 1.8 | 1.6 | 1.7 | 157.1% |
| China | 6.4 | 2.0 | 2.4 | 1.6 | -37.0% |
| Slovakia | N/A | 0.8 | 0.9 | 1.0 | 11.8% |
| Hungary | N/A | 0.9 | 1.1 | 0.9 | 0.0% |
| Indonesia | 2.8 | 0.4 | 0.6 | 0.7 | -37.0% |
| Japan | 0.8 | 0.6 | 0.6 | 0.4 | -20.6% |
| Vietnam | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | 1.5 | 1.5 | 2.0 | 1.4 | -2.3% |
| Total | 12.2 | 12.3 | 14.6 | 12.7 | 1.3% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to the Czech Republic in 2022:
- Germany (8.7K units)
- China (3.1K units)
- Slovakia (2.3K units)
- Austria (2.2K units)
- Hungary (1.1K units)
- Indonesia (1.1K units)
- Vietnam (1.0K units)
- Japan (0.8K units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic
In 2022, after three years of growth, there was significant decline in shipments abroad of keyboard electrical musical instruments, other than accordionses, when their volume decreased by -13.3% to 11K units. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 47% against the previous year. The exports peaked at 12K units in 2021, and then contracted in the following year.
In value terms, exports of keyboard electrical musical instruments, other than accordionses fell sharply to $5.1M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 51% against the previous year. The exports peaked at $6.9M in 2021, and then dropped significantly in the following year.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in the Czech Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 2,661 | 3,414 | 4,205 | 2,872 | 2.6% |
| Hungary | 455 | 619 | 512 | 558 | 7.0% |
| Germany | 134 | 489 | 610 | 536 | 58.7% |
| Poland | 226 | 533 | 645 | 490 | 29.4% |
| Romania | 150 | 258 | 208 | 243 | 17.4% |
| Austria | 26.2 | 75.4 | 108 | 117 | 64.7% |
| United States | 256 | 133 | 68.1 | 45.3 | -43.9% |
| United Kingdom | 78.9 | 429 | 29.8 | 4.8 | -60.7% |
| Others | 205 | 399 | 518 | 210 | 0.8% |
| Total | 4,193 | 6,349 | 6,903 | 5,076 | 6.6% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from the Czech Republic in 2022:
- Germany (4.9K units)
- Slovakia (2.8K units)
- Poland (0.8K units)
- Austria (0.8K units)
- Hungary (0.7K units)
- Romania (0.2K units)
- United States (0.1K units)
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This report provides an in-depth analysis of the electrical musical instrument market in the Czech Republic.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
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Discover the top import markets for electrical musical instruments in 2023. Learn about the key countries driving the global trade of musical instruments.
