Musical Instrument Strings Price in Belarus - 2022

Musical Instrument Strings Price in Belarus (CIF) - 2022

The average musical instrument strings import price stood at $0.9 per unit in 2022, with a decrease of -45.7% against the previous year. In general, the import price saw a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 59%. Over the period under review, average import prices reached the maximum at $1.8 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($0.9 per unit), while the price for China ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.0%), while the prices for the other major suppliers experienced a decline.

Musical Instrument Strings Price in Belarus (FOB) - 2022

The average musical instrument strings export price stood at $1.3 per unit in 2022, declining by -3.6% against the previous year. Overall, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum at $4.2 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($6.4 per unit), while the average price for exports to Russia totaled $0.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14.2%).

Musical Instrument Strings Imports in Belarus

In 2022, overseas purchases of musical instrument stringses increased by 11% to 186K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a noticeable downturn. Over the period under review, imports hit record highs at 206K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, musical instrument strings imports contracted remarkably to $165K in 2022. Overall, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 5.3%. As a result, imports reached the peak of $273K, and then contracted notably in the following year.

Import of Musical Instrument Strings in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	93.3	104	79.0	28.2	-32.9%
Russia	50.4	45.5	79.9	26.7	-19.1%
China	8.8	11.0	5.6	10.8	7.1%
South Korea	12.9	16.0	17.9	7.1	-18.0%
France	8.6	5.4	7.4	2.5	-33.8%
Germany	7.7	4.6	2.6	0.9	-51.1%
Indonesia	0.7	0.7	0.6	0.2	-34.1%
Others	83.4	72.2	80.0	88.8	2.1%
Total	266	259	273	165	-14.7%

Top Suppliers of Musical Instrument Strings to Belarus in 2022:

China (52.5K units)
United States (32.3K units)
Russia (29.9K units)
South Korea (19.6K units)
France (2.1K units)
Indonesia (2.0K units)
Germany (1.1K units)

Musical Instrument Strings Exports in Belarus

In 2022, the amount of musical instrument stringses exported from Belarus skyrocketed to 9.9K units, growing by 269% on the previous year's figure. In general, exports, however, recorded a perceptible descent. Over the period under review, the exports hit record highs at 17K units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, musical instrument strings exports skyrocketed to $13K in 2022. Over the period under review, exports, however, saw a mild downturn. The exports peaked at $23K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.