Price for Non-Keyboard Electrical Musical Instruments in Hong Kong SAR - 2023
Contents:
- Price for Non-Keyboard Electrical Musical Instruments in Hong Kong SAR (CIF) - 2023
- Price for Non-Keyboard Electrical Musical Instruments in Hong Kong SAR (FOB) - 2022
- Imports of Non-Keyboard Electrical Musical Instruments in Hong Kong SAR
- Exports of Non-Keyboard Electrical Musical Instruments in Hong Kong SAR
Price for Non-Keyboard Electrical Musical Instruments in Hong Kong SAR (CIF) - 2023
The average non-keyboard electrical musical instruments import price stood at $408 per unit in September 2023, waning by -48.9% against the previous month. Overall, the import price, however, enjoyed a buoyant expansion. The growth pace was the most rapid in December 2022 an increase of 1,842% month-to-month. As a result, import price reached the peak level of $829 per unit. From January 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($475 per unit), while the price for China ($127 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Non-Keyboard Electrical Musical Instruments in Hong Kong SAR (FOB) - 2022
The average non-keyboard electrical musical instruments export price stood at $625 per unit in 2022, surging by 46% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 267%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($661 per unit), while the average price for exports to the United States totaled $126 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.5%).
Imports of Non-Keyboard Electrical Musical Instruments in Hong Kong SAR
In 2022, imports of non-keyboard electrical musical instrumentses into Hong Kong SAR expanded sharply to 100K units, surging by 14% against the year before. Overall, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 114%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, non-keyboard electrical musical instruments imports soared to $22M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Keyboard Electrical Musical Instruments in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 6.0 | 7.9 | 10.2 | 12.8% |
| Canada | N/A | 0.2 | 0.1 | 4.8 | 389.9% |
| China | 0.6 | 2.3 | 2.9 | 2.8 | 67.1% |
| Portugal | N/A | N/A | N/A | 1.4 | 0% |
| Indonesia | 0.8 | 0.4 | 0.7 | 0.8 | 0.0% |
| Japan | 0.8 | 0.8 | 1.1 | 0.8 | 0.0% |
| Others | 0.7 | 0.4 | 1.0 | 0.9 | 8.7% |
| Total | 10.1 | 10.1 | 13.5 | 21.7 | 29.0% |
Top Suppliers of Non-Keyboard Electrical Musical Instruments to Hong Kong SAR in 2022:
- China (62.8K units)
- United States (17.5K units)
- Canada (12.2K units)
- Indonesia (2.8K units)
- Portugal (2.0K units)
- Japan (1.5K units)
Exports of Non-Keyboard Electrical Musical Instruments in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in shipments abroad of non-keyboard electrical musical instrumentses, when their volume increased by 108% to 27K units. Overall, exports, however, faced a sharp downturn. The exports peaked at 83K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, non-keyboard electrical musical instruments exports soared to $17M in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Keyboard Electrical Musical Instruments in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 5.1 | 5.2 | 16.7 | 45.7% |
| United States | 0.6 | 0.3 | 0.2 | 0.1 | -45.0% |
| Others | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Total | 6.1 | 5.6 | 5.6 | 17.1 | 41.0% |
Top Export Markets for Non-Keyboard Electrical Musical Instruments from Hong Kong SAR in 2022:
- China (25.3K units)
- United States (1.1K units)
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