Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belarus - 2022

Contents:

  1. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belarus (CIF) - 2022
  2. Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belarus (FOB) - 2022
  3. Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Belarus
  4. Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Belarus

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belarus (CIF) - 2022

In March 2022, the average import price for keyboard electrical musical instruments, other than accordionses amounted to $147 per unit, waning by -7.4% against the previous month. In general, the import price recorded a abrupt contraction. As a result, import price attained the peak level of $158 per unit, and then dropped in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Russia ($171 per unit), while the price for Sweden ($50.0 per unit) was amongst the lowest.

From February 2022 to March 2022, the most notable rate of growth in terms of prices was attained by China (+45.9%), while the prices for the other major suppliers experienced a decline.

Price for Keyboard Electrical Musical Instruments, Other than Accordions in Belarus (FOB) - 2022

The average export price for keyboard electrical musical instruments, other than accordionses stood at $139 per unit in 2022, declining by -8.9% against the previous year. Over the period under review, the export price showed a slight reduction. The most prominent rate of growth was recorded in 2016 an increase of 21% against the previous year. Over the period under review, the average export prices reached the maximum at $195 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -7.2% per year.

Imports of Keyboard Electrical Musical Instruments, Other than Accordions in Belarus

In 2022, purchases abroad of keyboard electrical musical instruments, other than accordionses decreased by -82.6% to 2.1K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2020 when imports increased by 77% against the previous year. Over the period under review, imports of attained the maximum at 12K units in 2021, and then reduced markedly in the following year.

In value terms, imports of keyboard electrical musical instruments, other than accordionses shrank sharply to $382K in 2022. In general, imports recorded a dramatic setback. The most prominent rate of growth was recorded in 2020 with an increase of 45%. Imports peaked at $2.2M in 2021, and then reduced dramatically in the following year.

Import of Keyboard Electrical Musical Instruments, Other than Accordions in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia9851,5581,662289-33.6%
China49.851.811234.2-11.8%
United States6.667.583.914.630.3%
Lithuania17620021212.6-58.5%
Others15411194.831.1-41.3%
Total1,3721,9882,165382-34.7%

Top Suppliers of Keyboard Electrical Musical Instruments, Other than Accordions to Belarus in 2022:

  1. Russia (1415.0 units)
  2. China (490.0 units)
  3. United States (95.0 units)
  4. Lithuania (31.0 units)

Exports of Keyboard Electrical Musical Instruments, Other than Accordions in Belarus

In 2022, shipments abroad of keyboard electrical musical instruments, other than accordionses decreased by -64.1% to 79 units, falling for the second consecutive year after two years of growth. Overall, exports faced a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 387%. As a result, the exports reached the peak of 657 units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of keyboard electrical musical instruments, other than accordionses contracted notably to $11K in 2022. In general, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 when exports increased by 302%. As a result, the exports reached the peak of $103K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Keyboard Electrical Musical Instruments, Other than Accordions in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia21.966.728.110.8-21.0%
NigeriaN/A33.5N/AN/A0%
Others3.72.75.50.2-62.2%
Total25.610333.711.0-24.5%

Top Export Markets for Keyboard Electrical Musical Instruments, Other than Accordions from Belarus in 2022:

  1. Russia (74.0 units)

Source: IndexBox Market Intelligence Platform

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