UK MI industry sector reveals huge drop in imports of synths and digital pianos

A model new unbiased report on the state of the UK MI sector has confirmed a substantial drop in imports of fairly a couple of units.

The report, compiled by commerce veteran Alan Greensall, found that imports of nearly all lessons of MI merchandise recorded massive falls in 2023, painting a troubled picture for UK retailers and distributors.

There was a 37 p.c low cost in imports of synths and 48 p.c low cost in imports of digital pianos. “We now have right figures for every merchandise numbers and value and neither picture is good,” Greensall says.

Elsewhere, the numbers {of electrical} guitars imported ultimate yr have been down 31 p.c, whereas acoustic guitar imports have been down 56 p.c and drums and percussion decreased by 11 p.c.

Explaining his methods of data assortment, Greensall says: “The commerce desperately desires particulars and figures, not imprecise feelings about what could or gained’t be occurring. Relying on that’s like driving a automotive alongside together with your eyes closed and prepared until you hit one factor. How can retailers and producers plan what to order or stock within the occasion that they have no idea the place the market is heading?”

“If you happen to want to know the place an commerce goes it’s essential to know the place it’s been and the way in which it acquired the place it’s at current with a purpose to get some thought what’s going to happen subsequent and plan for this yr and subsequent.”

“There are are numerous questions these statistics elevate, as an illustration, are there adequate guitars arriving to keep up the historic product sales numbers, or is the UK stock holding in distributors and retailers ready to bridge the outlet? Are the units in stock actually selling through?”