Price for Non-Keyboard Electrical Musical Instruments in Belarus - 2022

Price for Non-Keyboard Electrical Musical Instruments in Belarus (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $102 per unit, reducing by -9.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 83% against the previous year. The import price peaked at $208 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($248 per unit), while the price for China ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Non-Keyboard Electrical Musical Instruments in Belarus (FOB) - 2022

The average non-keyboard electrical musical instruments export price stood at $57 per unit in 2022, picking up by 82% against the previous year. Overall, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 96%. Over the period under review, the average export prices reached the maximum at $229 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 -8.9% per year.

Imports of Non-Keyboard Electrical Musical Instruments in Belarus

In 2022, imports of non-keyboard electrical musical instrumentses into Belarus surged to 7.8K units, growing by 36% against the previous year's figure. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 144%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, non-keyboard electrical musical instruments imports skyrocketed to $795K in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 53%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Import of Non-Keyboard Electrical Musical Instruments in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	177	259	351	415	32.8%
Indonesia	97.1	107	123	146	14.6%
China	47.0	110	58.3	83.6	21.2%
Sweden	1.5	30.5	49.1	58.1	238.3%
United States	20.4	9.7	36.1	42.7	27.9%
Taiwan (Chinese)	26.1	51.3	7.4	32.9	8.0%
Others	8.3	10.2	20.6	17.5	28.2%
Total	377	577	645	795	28.2%

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Belarus in 2022:

China (3.0K units)
Indonesia (1.7K units)
Russia (1.7K units)
Sweden (0.8K units)
United States (0.3K units)
Taiwan (Chinese) (0.2K units)

Exports of Non-Keyboard Electrical Musical Instruments in Belarus

In 2022, the amount of non-keyboard electrical musical instrumentses exported from Belarus soared to 4.5K units, increasing by 44% against the year before. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 280%. As a result, the exports attained the peak of 4.6K units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-keyboard electrical musical instruments exports soared to $255K in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 220%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.