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

Contents:

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

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

The average non-keyboard electrical musical instruments import price stood at $117 per unit in 2022, jumping by 18% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 +19.4% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,322 per unit), while the price for India ($17 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+42.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $386 per unit, shrinking by -16.5% against the previous year. Over the period under review, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 366%. The export price peaked at $462 per unit in 2021, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($704 per unit), while the average price for exports to Ireland ($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 Canada (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Bangladesh

In 2022, the amount of non-keyboard electrical musical instrumentses imported into Bangladesh surged to 1.4K units, picking up by 249% compared with 2021 figures. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports skyrocketed to $161K in 2022. Over the period under review, imports showed significant growth. 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 Bangladesh in 2022:

1. India (539.0 units)
2. China (475.0 units)
3. Singapore (193.0 units)
4. Malaysia (84.0 units)
5. Hong Kong SAR (33.0 units)
6. South Korea (29.0 units)
7. United Kingdom (7.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Bangladesh

In 2022, the amount of non-keyboard electrical musical instrumentses exported from Bangladesh surged to 34 units, growing by 113% on the previous year's figure. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 300% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-keyboard electrical musical instruments exports soared to $13K in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 343%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

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

1. India (21.0 units)
2. Democratic Republic of the Congo (3.0 units)
3. Germany (3.0 units)
4. Ireland (3.0 units)
5. Ethiopia (2.0 units)
6. Canada (1.0 units)
7. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform