Price for Musical Instruments; Parts and Accessories for Pianos in Singapore - 2023
Contents:
- Price for Musical Instruments; Parts and Accessories for Pianos in Singapore (CIF) - 2022
- Price for Musical Instruments; Parts and Accessories for Pianos in Singapore (FOB) - 2022
- Imports of Musical Instruments; Parts and Accessories for Pianos in Singapore
- Exports of Musical Instruments; Parts and Accessories for Pianos in Singapore
Price for Musical Instruments; Parts and Accessories for Pianos in Singapore (CIF) - 2022
The average import price for musical instruments; parts and accessories for pianoses stood at $39,462 per ton in 2022, rising by 21% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of 26%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($76,234 per ton), while the price for China ($18,517 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Musical Instruments; Parts and Accessories for Pianos in Singapore (FOB) - 2022
In 2022, the average export price for musical instruments; parts and accessories for pianoses amounted to $212,108 per ton, rising by 107% against the previous year. Over the period under review, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
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 Malaysia ($720,300 per ton), while the average price for exports to Cambodia ($17,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Musical Instruments; Parts and Accessories for Pianos in Singapore
After two years of decline, overseas purchases of musical instruments; parts and accessories for pianoses increased by 106% to 49 tons in 2022. In general, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of musical instruments; parts and accessories for pianoses skyrocketed to $1.9M in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Musical Instruments; Parts and Accessories for Pianos in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 10.9 | 4.5 | 3.6 | 1,102 | 365.9% |
| Japan | 130 | 26.6 | 35.7 | 484 | 55.0% |
| China | 212 | 154 | 165 | 171 | -6.9% |
| United States | 220 | 314 | 329 | 78.9 | -29.0% |
| Germany | 16.6 | 45.8 | 35.2 | 27.7 | 18.6% |
| South Korea | 11.5 | 14.9 | 17.3 | N/A | 22.7% |
| Others | 29.6 | 66.3 | 187 | 58.5 | 25.5% |
| Total | 631 | 626 | 773 | 1,922 | 45.0% |
Top Suppliers of Musical Instruments; Parts and Accessories for Pianos to Singapore in 2022:
- Japan (18.7 tons)
- Indonesia (18.2 tons)
- China (9.2 tons)
- United States (1.4 tons)
- Germany (0.4 tons)
Exports of Musical Instruments; Parts and Accessories for Pianos in Singapore
In 2022, shipments abroad of musical instruments; parts and accessories for pianoses increased by 20% to 1.2 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a dramatic descent.
In value terms, exports of musical instruments; parts and accessories for pianoses skyrocketed to $255K in 2022. In general, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Musical Instruments; Parts and Accessories for Pianos in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 1.5 | N/A | 204 | 1066.2% |
| Indonesia | 50.6 | 186 | 46.8 | 25.6 | -20.3% |
| Angola | N/A | N/A | N/A | 9.9 | 0% |
| Brunei Darussalam | 1.2 | N/A | 1.4 | 2.4 | 26.0% |
| Nigeria | 6.7 | 7.2 | 4.4 | 2.2 | -31.0% |
| Cote d'Ivoire | 0.3 | 2.0 | 8.5 | 1.2 | 58.7% |
| Cambodia | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Thailand | 3.1 | 7.3 | 5.8 | N/A | 36.8% |
| Japan | 105 | N/A | N/A | N/A | 0% |
| Israel | N/A | 10.7 | 12.7 | N/A | 18.7% |
| Others | 18.8 | 14.2 | 23.0 | 9.7 | -19.8% |
| Total | 186 | 229 | 103 | 255 | 11.1% |
Top Export Markets for Musical Instruments; Parts and Accessories for Pianos from Singapore in 2022:
- China (700.0 kg)
- Indonesia (278.0 kg)
- Brunei Darussalam (84.0 kg)
- Angola (47.0 kg)
- Cambodia (32.0 kg)
- Cote d'Ivoire (20.0 kg)
- Nigeria (11.0 kg)
- Thailand (1.0 kg)
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