CIS: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in CIS

The CIS percussion musical instrument market expanded sharply to $X in 2022, with an increase of 5.1% against the previous year. In general, consumption, however, showed a noticeable descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Percussion Musical Instrument Production in CIS

In value terms, percussion musical instrument production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Percussion Musical Instrument Exports

Exports in CIS

Percussion musical instrument exports soared to X units in 2022, jumping by 1,179% compared with the previous year's figure. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, percussion musical instrument exports soared to $X in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 831% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Armenia (X units) was the key exporter of percussion musical instruments, mixing up 73% of total exports. Belarus (X units) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Russia (5.5%).

Armenia was also the fastest-growing in terms of the percussion musical instruments exports, with a CAGR of +236.6% from 2012 to 2022. At the same time, Belarus (+120.0%) and Russia (+51.2%) displayed positive paces of growth. While the share of Armenia (+73 p.p.) and Belarus (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-73.5 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest percussion musical instrument supplier in the CIS, comprising 83% of total exports. The second position in the ranking was taken by Armenia ($X), with a 7.9% share of total exports.

In Russia, percussion musical instrument exports increased at an average annual rate of +51.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (+177.7% per year) and Belarus (+85.8% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, waning by -90.9% against the previous year. In general, the export price saw a significant contraction. The growth pace was the most rapid in 2018 when the export price increased by 58%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 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 Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-0.1%), while the other leaders experienced a decline in the export price figures.

Percussion Musical Instrument Imports

Imports in CIS

In 2022, after two years of growth, there was decline in purchases abroad of percussion musical instruments, when their volume decreased by -1.8% to X units. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 123% against the previous year. The volume of import peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, percussion musical instrument imports stood at $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 63%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, finishing at X units, which was approx. 88% of total imports in 2022. It was distantly followed by Belarus (X units), achieving a 7% share of total imports. Kazakhstan (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to percussion musical instrument imports into Russia stood at +4.9%. At the same time, Belarus (+15.9%) and Kazakhstan (+9.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +15.9% from 2012-2022. Belarus (+4.2 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -5.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported percussion musical instruments in the CIS, comprising 79% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 11% share of total imports.

In Russia, percussion musical instrument imports contracted by an average annual rate of -1.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+8.8% per year) and Belarus (+4.1% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, surging by 6.1% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 41%. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, 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 ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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