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

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $375 per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 95% against the previous year. Over the period under review, average import prices attained the maximum at $376 per unit in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Portugal ($384 per unit) and Nigeria ($383 per unit), while the price for Namibia ($351 per unit) and the United States ($379 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $372 per unit, with an increase of 157% against the previous year. In general, the export price recorded a significant increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 462% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($649 per unit), while the average price for exports to Nigeria ($93 per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sao Tome and Principe (+3,809.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Angola

Non-keyboard electrical musical instruments imports into Angola soared to 217 units in 2022, picking up by 44% against the year before. In general, imports, however, continue to indicate a perceptible slump. Imports peaked at 251 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments imports soared to $81K in 2022. Overall, total imports indicated slight growth from 2019 to 2022: its value increased at an average annual rate of +1.7% 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 +63.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (95.0 units)
2. Nigeria (37.0 units)
3. Portugal (24.0 units)
4. United Arab Emirates (23.0 units)
5. United States (10.0 units)
6. Namibia (6.0 units)
7. Belgium (4.0 units)
8. Germany (3.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Angola

In 2022, after two years of growth, there was significant decline in shipments abroad of non-keyboard electrical musical instrumentses, when their volume decreased by -80% to 5 units. Over the period under review, exports faced a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 92% against the previous year. As a result, the exports reached the peak of 25 units, and then reduced markedly in the following year.

In value terms, non-keyboard electrical musical instruments exports dropped significantly to $1.9K in 2022. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $3.6K, and then reduced rapidly in the following year.

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

1. Portugal (2.0 units)
2. United States (1.0 units)
3. Belgium (1.0 units)
4. Nigeria (1.0 units)

Source: IndexBox Market Intelligence Platform