Price for Non-Keyboard Electrical Musical Instruments in Nepal - 2022

Contents:

1. Price for Non-Keyboard Electrical Musical Instruments in Nepal (CIF) - 2022
2. Price for Non-Keyboard Electrical Musical Instruments in Nepal (FOB) - 2022
3. Imports of Non-Keyboard Electrical Musical Instruments in Nepal
4. Exports of Non-Keyboard Electrical Musical Instruments in Nepal

Price for Non-Keyboard Electrical Musical Instruments in Nepal (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $32 per unit, stabilizing at the previous year. In general, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 75% against the previous year. As a result, import price attained the peak level of $108 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($32 per unit), while the price for India stood at $27 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%).

Price for Non-Keyboard Electrical Musical Instruments in Nepal (FOB) - 2022

The average non-keyboard electrical musical instruments export price stood at $145 per unit in 2022, rising by 5.7% against the previous year. Overall, the export price, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2016 an increase of 136%. Over the period under review, the average export prices hit record highs at $277 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($788 per unit), while the average price for exports to the Netherlands ($13 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+103.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Nepal

Non-keyboard electrical musical instruments imports into Nepal skyrocketed to 14K units in 2022, growing by 26% against 2021 figures. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 93% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports skyrocketed to $444K in 2022. In general, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 73% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Nepal in 2022:

1. China (11.0K units)
2. India (3.0K units)

Exports of Non-Keyboard Electrical Musical Instruments in Nepal

In 2022, approx. 25 units of non-keyboard electrical musical instrumentses were exported from Nepal; increasing by 32% on the year before. The total export volume increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments exports soared to $3.6K in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Keyboard Electrical Musical Instruments from Nepal in 2022:

1. Canada (8.0 units)
2. Austria (3.0 units)
3. China (2.0 units)
4. Netherlands (1.0 units)
5. Italy (1.0 units)
6. Portugal (1.0 units)
7. Denmark (1.0 units)
8. India (1.0 units)
9. France (1.0 units)
10. Germany (1.0 units)
11. Switzerland (1.0 units)
12. New Zealand (1.0 units)
13. Spain (1.0 units)

Source: IndexBox Market Intelligence Platform