Price for Musical Instruments; Parts and Accessories for Pianos in Japan - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Japan (FOB) - 2023
- Price for Musical Instruments; Parts and Accessories for Pianos in Japan (CIF) - 2022
- Exports of Musical Instruments; Parts and Accessories for Pianos in Japan
- Imports of Musical Instruments; Parts and Accessories for Pianos in Japan
Price for Musical Instruments; Parts and Accessories for Pianos in Japan (FOB) - 2023
The average export price for musical instruments; parts and accessories for pianoses stood at $5,816 per ton in November 2023, rising by 16% against the previous month. In general, export price indicated a slight expansion from November 2022 to November 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for musical instruments; parts and accessories for pianoses increased by +16.2% against October 2023 indices. The pace of growth was the most pronounced in May 2023 when the average export price increased by 22% month-to-month. As a result, the export price reached the peak level of $8,815 per ton. From June 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In November 2023, the country with the highest price was China ($6,923 per ton), while the average price for exports to Indonesia stood at $5,232 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.3%).
Price for Musical Instruments; Parts and Accessories for Pianos in Japan (CIF) - 2022
In 2022, the average import price for musical instruments; parts and accessories for pianoses amounted to $8,556 per ton, approximately reflecting the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2016 an increase of 8.9%. The import price peaked at $8,579 per ton in 2020; afterwards, it flattened through to 2022.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($11,293 per ton), while the price for Indonesia amounted to $8,072 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.1%).
Exports of Musical Instruments; Parts and Accessories for Pianos in Japan
Exports of musical instruments; parts and accessories for pianoses from Japan fell to 9.7K tons in 2022, dropping by -3.9% compared with 2021 figures. Over the period under review, exports recorded a perceptible decrease. The growth pace was the most rapid in 2021 when exports increased by 34%.
In value terms, exports of musical instruments; parts and accessories for pianoses expanded markedly to $48M in 2022. The total export value increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 35%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Musical Instruments; Parts and Accessories for Pianos in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 23.2 | 17.4 | 23.6 | 27.3 | 5.6% |
| China | 18.7 | 14.3 | 19.5 | 19.0 | 0.5% |
| Others | 1.9 | 1.8 | 2.1 | 2.0 | 1.7% |
| Total | 43.7 | 33.5 | 45.2 | 48.3 | 3.4% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Japan in 2022:
- Indonesia (4.9K tons)
- China (4.8K tons)
Imports of Musical Instruments; Parts and Accessories for Pianos in Japan
Imports of musical instruments; parts and accessories for pianoses into Japan rose markedly to 4.3K tons in 2022, growing by 11% compared with the year before. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 32%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of musical instruments; parts and accessories for pianoses expanded significantly to $37M in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Musical Instruments; Parts and Accessories for Pianos in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 23.0 | 21.1 | 27.3 | 31.7 | 11.3% |
| China | 3.0 | 2.8 | 4.0 | 3.5 | 5.3% |
| Others | 1.5 | 1.3 | 1.6 | 1.7 | 4.3% |
| Total | 27.4 | 25.3 | 32.8 | 36.9 | 10.4% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Japan in 2022:
- Indonesia (3.9K tons)
- China (0.3K tons)
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