Central Asia: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Central Asia

The Central Asian electrical musical instrument market was estimated at $X in 2022, surging by X% against the previous year. In general, consumption recorded a noticeable expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Electrical Musical Instrument Production in Central Asia

In value terms, electrical musical instrument production reached $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Electrical Musical Instrument Exports

Exports in Central Asia

Electrical musical instrument exports soared to X units in 2022, rising by X% compared with the previous year. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, electrical musical instrument exports surged to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Kyrgyzstan was the major exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Kazakhstan (X units), mixing up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kyrgyzstan (with a CAGR of X%).

In value terms, Kazakhstan ($X) remains the largest electrical musical instrument supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at X%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, surging by X% against the previous year. In general, the export price recorded noticeable growth. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Electrical Musical Instrument Imports

Imports in Central Asia

In 2022, overseas purchases of electrical musical or keyboard instruments increased by X% to X units, rising for the sixth consecutive year after three years of decline. Over the period under review, imports enjoyed a moderate increase. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, electrical musical instrument imports expanded remarkably to $X in 2022. In general, imports showed a remarkable increase. The growth pace was the most rapid in 2019 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Kazakhstan (X units) and Kyrgyzstan (X units) were the major importers of electrical musical or keyboard instruments in Central Asia, together constituting X% of total imports. Uzbekistan (X units) held the next position in the ranking, followed by Mongolia (X units) and Turkmenistan (X units). All these countries together took approx. X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported electrical musical or keyboard instruments in Central Asia, comprising X% of total imports. The second position in the ranking was held by Turkmenistan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Turkmenistan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price, however, continues to indicate temperate growth. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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