Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines - 2023

Contents:

1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines (CIF) - 2022
2. Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines (FOB) - 2022
3. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines
4. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines

Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines (CIF) - 2022

In 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $75 per unit, remaining constant against the previous year. Over the period under review, the import price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2013 an increase of 42%. The import price peaked at $155 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($434 per unit), while the price for Singapore ($29 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines (FOB) - 2022

In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $316 per unit, flattening at the previous year. In general, the export price showed a precipitous decline. The most prominent rate of growth was recorded in 2021 a decrease of 99.9%. The export price peaked at $3,442 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($1,795 per unit), while the average price for exports to the United States ($187 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+24.4%), while the prices for the other major destinations experienced a decline.

Imports of Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines

In 2022, approx. 46K units of keyboard electrical musical instruments, other than accordionses were imported into the Philippines; dropping by -5% compared with 2021. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 115%. As a result, imports attained the peak of 48K units, and then contracted in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses dropped modestly to $3.4M in 2022. In general, imports showed a slight setback. The pace of growth was the most pronounced in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of $3.6M, and then contracted in the following year.

Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to the Philippines in 2022:

1. China (32.8K units)
2. Malaysia (10.7K units)
3. Indonesia (0.9K units)
4. Singapore (0.3K units)

Exports of Keyboard Electrical Musical Instruments, Other than Accordions in the Philippines

In 2022, the amount of keyboard electrical musical instruments, other than accordionses exported from the Philippines was estimated at 1.9K units, standing approx. at 2021. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of keyboard electrical musical instruments, other than accordionses stood at $599K in 2022. In general, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2021. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from the Philippines in 2022:

1. United States (1373.0 units)
2. France (169.0 units)
3. Canada (160.0 units)
4. United Kingdom (50.0 units)
5. Japan (35.0 units)
6. New Zealand (29.0 units)

Source: IndexBox Market Intelligence Platform