Musical Instrument Strings Price in Kazakhstan - 2021

Contents:

  1. Musical Instrument Strings Price in Kazakhstan (CIF) - 2022
  2. Musical Instrument Strings Price in Kazakhstan (FOB) - 2022
  3. Musical Instrument Strings Imports in Kazakhstan
  4. Musical Instrument Strings Exports in Kazakhstan

Musical Instrument Strings Price in Kazakhstan (CIF) - 2022

The average musical instrument strings import price stood at $1.2 per unit in 2022, with an increase of 14% against the previous year. In general, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2020 an increase of 68%. As a result, import price attained the peak level of $1.5 per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($1.4 per unit), while the price for China ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Musical Instrument Strings Price in Kazakhstan (FOB) - 2022

The average musical instrument strings export price stood at $2.7 per unit in 2022, picking up by 8.6% against the previous year. Over the period under review, the export price recorded moderate growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 90%. As a result, the export price attained the peak level of $2.9 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($3 per unit), while the average price for exports to Russia ($1.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-1.3%), while the prices for the other major destinations experienced a decline.

Musical Instrument Strings Imports in Kazakhstan

Musical instrument strings imports into Kazakhstan surged to 328K units in 2022, rising by 173% on 2021. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, musical instrument strings imports soared to $388K in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Musical Instrument Strings in Kazakhstan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States28.540.127.2234101.7%
Russia57.955.758.154.2-2.2%
ArgentinaN/AN/AN/A52.10%
China13.53.06.423.520.3%
Malaysia0.7N/AN/AN/A0%
Others12.616.032.524.024.0%
Total11311512438850.9%

Top Suppliers of Musical Instrument Strings to Kazakhstan in 2022:

  1. United States (182.2K units)
  2. Russia (71.0K units)
  3. Argentina (38.0K units)
  4. China (32.0K units)

Musical Instrument Strings Exports in Kazakhstan

In 2022, shipments abroad of musical instrument stringses increased by 924% to 461 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, musical instrument strings exports surged to $1.2K in 2022. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Musical Instrument Strings in Kazakhstan (USD)
COUNTRY2019202020212022CAGR,
2019-2022
LatviaN/AN/AN/A1,0000%
Russia93.059.051.017222.7%
KyrgyzstanN/A3.09.052.0316.3%
Others12.028.050.0N/A104.1%
Total10590.01101,224126.7%

Top Export Markets for Musical Instrument Strings from Kazakhstan in 2022:

  1. Latvia (328.0 units)
  2. Russia (113.0 units)
  3. Kyrgyzstan (20.0 units)

Source: IndexBox Market Intelligence Platform

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