Eastern Europe: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Eastern Europe

The East European percussion musical instrument market totaled $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Percussion Musical Instrument Production in Eastern Europe

In value terms, percussion musical instrument production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Percussion Musical Instrument Exports

Exports in Eastern Europe

In 2022, overseas shipments of percussion musical instruments increased by X% to X units, rising for the fourth year in a row after two years of decline. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, percussion musical instrument exports reduced to $X in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Belarus represented the main exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by Poland (X units), the Czech Republic (X units), Russia (X units) and Lithuania (X units), together mixing up a X% share of total exports. The following exporters - Slovakia (X units) and Latvia (X units) - together made up X% of total exports.

Belarus was also the fastest-growing in terms of the percussion musical instruments exports, with a CAGR of X% from 2012 to 2022. At the same time, Russia (X%), Poland (X%), Latvia (X%), Lithuania (X%), Slovakia (X%) and the Czech Republic (X%) displayed positive paces of growth. Belarus (X p.p.), Poland (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Slovakia, Lithuania and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Lithuania, Belarus, Slovakia and Latvia lagged somewhat behind, together comprising a further X%.

Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then declined sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports in Eastern Europe

In 2022, approx. X units of percussion musical instruments were imported in Eastern Europe; picking up by X% on the previous year. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, percussion musical instrument imports expanded notably to $X in 2022. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Russia represented the largest importing country with an import of around X units, which amounted to X% of total imports. The Czech Republic (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Poland (X%) and Hungary (X%). Slovakia (X units), Romania (X units) and Belarus (X units) took a little share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Belarus (X%), Slovakia (X%), Romania (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Hungary (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Czech Republic (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Slovakia, Romania, Hungary and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, falling by X% against the previous year. Overall, the import price continues to indicate a pronounced decline. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform