Price for Non-Keyboard Electrical Musical Instruments in Tanzania - 2023

Contents:

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

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

In 2022, the average non-keyboard electrical musical instruments import price amounted to $367 per unit, picking up by 59% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-keyboard electrical musical instruments import price increased by +90.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Kenya ($590 per unit), while the price for Japan ($47 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $150 per unit, reducing by -28.5% against the previous year. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2018 an increase of 138%. As a result, the export price attained the peak level of $515 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($290 per unit), while the average price for exports to South Korea ($1 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 Germany (+29.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Keyboard Electrical Musical Instruments in Tanzania

For the third consecutive year, Tanzania recorded decline in overseas purchases of non-keyboard electrical musical instrumentses, which decreased by -11% to 210 units in 2022. Overall, imports recorded a deep slump. The smallest decline of -6.2% was in 2020. Over the period under review, imports reached the maximum at 272 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-keyboard electrical musical instruments imports surged to $77K in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +6.1% 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 +56.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (84.0 units)
2. China (50.0 units)
3. Japan (23.0 units)
4. United States (15.0 units)
5. India (9.0 units)
6. Germany (6.0 units)
7. France (4.0 units)
8. Indonesia (3.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Tanzania

In 2022, after two years of decline, there was significant growth in overseas shipments of non-keyboard electrical musical instrumentses, when their volume increased by 63% to 13 units. Overall, exports, however, continue to indicate a dramatic curtailment. The exports peaked at 37 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments exports skyrocketed to $2K in 2022. In general, exports, however, continue to indicate a precipitous contraction. The exports peaked at $7.9K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. United States (2.0 units)
2. Canada (1.0 units)
3. Algeria (1.0 units)
4. Singapore (1.0 units)
5. Zambia (1.0 units)
6. India (1.0 units)
7. United Kingdom (1.0 units)
8. Democratic Republic of the Congo (1.0 units)
9. Mozambique (1.0 units)
10. Thailand (1.0 units)
11. South Korea (1.0 units)
12. Germany (1.0 units)

Source: IndexBox Market Intelligence Platform