Price for Non-Keyboard Electrical Musical Instruments in Malaysia - 2021

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

The average non-keyboard electrical musical instruments export price stood at $452 per unit in 2022, jumping by 20% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 38%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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 Chile ($494 per unit), while the average price for exports to Singapore ($199 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 China (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average non-keyboard electrical musical instruments import price amounted to $113 per unit, with a decrease of -8.9% against the previous year. Over the period under review, the import price saw a slight setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. The import price peaked at $151 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($429 per unit), while the price for China amounted to $85 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%).

Exports of Non-Keyboard Electrical Musical Instruments in Malaysia

After three years of growth, overseas shipments of non-keyboard electrical musical instrumentses decreased by -19.5% to 155K units in 2022. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. The exports peaked at 193K units in 2021, and then fell significantly in the following year.

In value terms, non-keyboard electrical musical instruments exports dropped modestly to $70M in 2022. The total export value increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $72M, and then shrank in the following year.

Export of Non-Keyboard Electrical Musical Instruments in Malaysia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	14.8	22.9	19.7	19.5	9.6%
United States	15.2	18.7	26.6	19.3	8.3%
Australia	2.7	3.8	5.1	6.0	30.5%
China	4.4	0.7	3.1	4.4	0.0%
Canada	2.0	2.2	3.2	3.2	17.0%
India	2.1	1.2	2.1	3.0	12.6%
Japan	3.5	4.2	2.2	2.9	-6.1%
Hong Kong SAR	0.8	1.0	1.3	1.7	28.6%
South Korea	0.9	1.8	1.4	1.6	21.1%
Taiwan (Chinese)	0.8	0.8	1.4	1.2	14.5%
Singapore	0.6	0.6	0.9	1.1	22.4%
Guatemala	0.2	0.2	0.2	0.8	58.7%
Others	6.5	4.2	5.3	5.6	-4.8%
Total	54.4	62.3	72.4	70.3	8.9%

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

Belgium (39.5K units)
United States (39.1K units)
Japan (12.8K units)
Australia (12.2K units)
China (8.9K units)
Canada (6.5K units)
India (6.1K units)
Singapore (5.5K units)
Hong Kong SAR (3.4K units)
South Korea (3.2K units)
Guatemala (3.0K units)
Taiwan (Chinese) (2.5K units)

Imports of Non-Keyboard Electrical Musical Instruments in Malaysia

In 2022, the amount of non-keyboard electrical musical instrumentses imported into Malaysia surged to 76K units, growing by 39% on the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% 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 +89.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports surged to $8.6M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.2% 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 +83.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the near future.