Musical Instrument Strings Price in Uzbekistan - 2023

Musical Instrument Strings Price in Uzbekistan (CIF) - 2022

The average musical instrument strings import price stood at $1.1 per unit in 2022, with a decrease of -78.3% against the previous year. Overall, the import price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2018 an increase of 6,842%. Over the period under review, average import prices hit record highs at $5.3 per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($9.3 per unit), while the price for China ($0.3 per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+52.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Instrument Strings Imports in Uzbekistan

In 2022, approx. 5.7K units of musical instrument stringses were imported into Uzbekistan; with an increase of 266% against the year before. Overall, imports enjoyed a resilient expansion. Imports peaked at 6.3K units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, musical instrument strings imports contracted sharply to $6.5K in 2022. Over the period under review, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 856%. Over the period under review, imports attained the peak figure at $8.9K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Musical Instrument Strings in Uzbekistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United Arab Emirates	1.0	N/A	3.2	2.7	39.2%
United States	5.0	N/A	3.4	2.5	-20.6%
China	N/A	0.2	1.7	1.3	155.0%
Czech Republic	1.4	0.3	N/A	0.1	-58.5%
Turkey	N/A	0.1	N/A	N/A	0%
Others	1.5	0.3	N/A	N/A	-80.0%
Total	8.9	0.9	8.2	6.5	-9.9%