HS Code:
The category 'Keyboard instruments, other than accordions' (HS Code: 9207.10) includes electronic and digital keyboard instruments such as synthesizers, digital pianos, and electric organs. These instruments are widely used in music production, education, and live performances. This category excludes traditional acoustic pianos and accordions, focusing primarily on electrically powered or amplified instruments. Global trade in this category reflects the growing demand for portable, versatile, and technology-driven musical instruments, driven by advancements in music technology and the increasing popularity of electronic music genres.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
37.5% of total trade of total trade
Increasing
USD 300 million
25.0% of total trade of total trade
Stable
USD 150 million
12.5% of total trade of total trade
Increasing
USD 100 million
8.3% of total trade of total trade
Stable
USD 80 million
6.7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
15% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for portable and affordable digital keyboards
Increased market share for entry-level and mid-range products, particularly in emerging economies
2021-2022
Integration of smart technology in keyboard instruments
Growth in demand for instruments with Bluetooth connectivity and app integration for learning and production
2020-2022
Shift toward sustainable manufacturing practices
Manufacturers adopting eco-friendly materials and energy-efficient production, influencing consumer preferences in Europe and North America
2022
The European Union introduced stricter regulations on the disposal and recycling of electronic musical instruments, requiring manufacturers to ensure sustainable end-of-life management.
January 2023
Increased production costs for manufacturers exporting to the EU, potentially raising prices for consumers
A partial reduction in tariffs on electronic goods, including keyboard instruments, was agreed upon in the latest phase of trade negotiations between the US and China.
March 2023
Expected to boost exports from China to the US, potentially lowering retail prices in the American market
Major Japanese manufacturers unveiled a new line of hybrid keyboards combining acoustic and digital features, targeting professional musicians.
June 2023
Likely to drive premium segment growth and influence market competition in high-end keyboard instruments