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

Contents:

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

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

In 2022, the average non-keyboard electrical musical instruments import price amounted to $111 per unit, picking up by 149% against the previous year. Over the period under review, the import price enjoyed noticeable growth. As a result, import price attained 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 India ($157 per unit), while the price for Turkey ($20 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average non-keyboard electrical musical instruments export price amounted to $157 per unit, rising by 3% against the previous year. In general, the export price showed a moderate expansion. The most prominent rate of growth was recorded in 2016 an increase of 62%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($184 per unit), while the average price for exports to Kazakhstan ($100 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 Georgia (+358.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Azerbaijan

In 2022, purchases abroad of non-keyboard electrical musical instrumentses decreased by -54.7% to 821 units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 98%. As a result, imports reached the peak of 1.8K units, and then fell notably in the following year.

In value terms, non-keyboard electrical musical instruments imports expanded remarkably to $91K in 2022. Overall, imports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 83% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

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

1. China (432.0 units)
2. Indonesia (219.0 units)
3. India (121.0 units)
4. Turkey (35.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Azerbaijan

In 2022, after three years of growth, there was significant decline in overseas shipments of non-keyboard electrical musical instrumentses, when their volume decreased by -33.3% to 22 units. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 75%. Over the period under review, the exports reached the peak figure at 33 units in 2021, and then declined rapidly in the following year.

In value terms, non-keyboard electrical musical instruments exports reduced remarkably to $3.4K in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 75% against the previous year. Over the period under review, the exports hit record highs at $5K in 2021, and then shrank notably in the following year.

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

1. United States (9.0 units)
2. Georgia (6.0 units)
3. Russia (4.0 units)
4. Canada (1.0 units)
5. Uzbekistan (1.0 units)
6. Kazakhstan (1.0 units)

Source: IndexBox Market Intelligence Platform