Price for Keyboard Electrical Musical Instruments, Other than Accordions in Turkey - 2024
Contents:
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Turkey (CIF) - 2024
- Price for Keyboard Electrical Musical Instruments, Other than Accordions in Turkey (FOB) - 2022
- Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Turkey
- Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Turkey
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Turkey (CIF) - 2024
In January 2024, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $266 per unit, jumping by 46% against the previous month. In general, the import price showed a pronounced expansion. The pace of growth was the most pronounced in March 2023 when the average import price increased by 204% m-o-m. The import price peaked at $296 per unit in September 2023; however, from October 2023 to January 2024, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Italy ($1,925 per unit), while the price for China ($124 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced a decline.
Price for Keyboard Electrical Musical Instruments, Other than Accordions in Turkey (FOB) - 2022
In 2022, the average export price for keyboard electrical musical instruments, other than accordionses amounted to $223 per unit, which is down by -17.7% against the previous year. Overall, the export price showed a mild contraction. The pace of growth was the most pronounced in 2021 an increase of 46% against the previous year. The export price peaked at $493 per unit in 2015; however, from 2016 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 Turkmenistan ($293 per unit), while the average price for exports to Lebanon ($12 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 Iraq (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Turkey
In 2022, imports of keyboard electrical musical instruments, other than accordionses into Turkey skyrocketed to 146K units, picking up by 55% against 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of keyboard electrical musical instruments, other than accordionses soared to $18M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Keyboard Electrical Musical Instruments, Other than Accordions in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 6.1 | 7.6 | 8.6 | 19.8% |
| Indonesia | 7.4 | 4.8 | 4.9 | 7.7 | 1.3% |
| Others | 0.9 | 1.3 | 2.1 | 1.9 | 28.3% |
| Total | 13.3 | 12.2 | 14.6 | 18.2 | 11.0% |
Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Turkey in 2022:
- China (124.9K units)
- Indonesia (17.2K units)
Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Turkey
In 2022, exports of keyboard electrical musical instruments, other than accordionses from Turkey surged to 2.4K units, with an increase of 41% compared with the previous year's figure. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 1,503% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of keyboard electrical musical instruments, other than accordionses soared to $537K in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 2,244% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.
| Export of Keyboard Electrical Musical Instruments, Other than Accordions in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | 0.3 | 322 | 107233.3% |
| Iran | N/A | N/A | 1.2 | 174 | 14400.0% |
| Iraq | N/A | N/A | 194 | 16.6 | -91.4% |
| Cyprus | 5.8 | N/A | 17.0 | 8.6 | 14.0% |
| Turkmenistan | 3.3 | 0.2 | 227 | 7.9 | 33.8% |
| Libya | 1.0 | 0.5 | 2.9 | 4.1 | 60.1% |
| Serbia | N/A | 2.1 | 0.5 | N/A | -76.2% |
| Others | 30.8 | 16.9 | 21.4 | 4.1 | -48.9% |
| Total | 41.0 | 19.8 | 464 | 537 | 135.7% |
Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Turkey in 2022:
- Russia (1568.0 units)
- Iran (663.0 units)
- Iraq (74.0 units)
- Cyprus (37.0 units)
- Turkmenistan (27.0 units)
- Libya (23.0 units)
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This report provides an in-depth analysis of the electrical musical instrument market in Turkey.
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This report provides an in-depth analysis of the global electrical musical instrument market.
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This report provides an in-depth analysis of the electrical musical instrument market in Turkey.
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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.
