Eastern Europe: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Eastern Europe

The East European percussion musical instrument market rose sharply to $X in 2022, increasing by 8.8% against the previous year. Over the period under review, consumption, however, showed a perceptible downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Percussion Musical Instrument Production in Eastern Europe

In value terms, percussion musical instrument production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Percussion Musical Instrument Exports

Exports in Eastern Europe

In 2022, shipments abroad of percussion musical instruments increased by 14% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 98% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, percussion musical instrument exports declined to $X in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 99%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Belarus was the major exporting country with an export of around X units, which finished at 41% of total exports. Poland (X units) took a 15% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (15%), Russia (11%) and Lithuania (9.3%). Slovakia (X units) and Estonia (X units) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the percussion musical instruments exports, with a CAGR of +120.0% from 2012 to 2022. At the same time, Russia (+51.2%), Poland (+50.9%), Lithuania (+20.5%), Slovakia (+10.8%), the Czech Republic (+8.3%) and Estonia (+1.1%) displayed positive paces of growth. From 2012 to 2022, the share of Belarus, Poland and Russia increased by +41, +13 and +9.4 percentage points, respectively.

In value terms, Russia ($X) remains the largest percussion musical instrument supplier in Eastern Europe, comprising 43% of total exports. The second position in the ranking was taken by Poland ($X), with a 17% share of total exports. It was followed by the Czech Republic, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +51.1%. In the other countries, the average annual rates were as follows: Poland (+57.6% per year) and the Czech Republic (+14.5% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, waning by -16.8% against the previous year. In general, the export price, however, showed a noticeable increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 65% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Estonia (+9.8%), while the other leaders experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports in Eastern Europe

In 2022, supplies from abroad of percussion musical instruments increased by 33% to X units, rising for the sixth consecutive year after two years of decline. In general, imports showed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 69% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, percussion musical instrument imports expanded significantly to $X in 2022. Overall, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X units), distantly followed by the Czech Republic (X units), Poland (X units), Romania (X units), Slovakia (X units) and Hungary (X units) represented the largest importers of percussion musical instruments, together comprising 86% of total imports. Lithuania (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +35.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 62% share of total imports. Slovakia, Lithuania, Romania and Hungary lagged somewhat behind, together accounting for a further 27%.

Hungary, with a CAGR of +20.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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, which is down by -18.4% against the previous year. In general, the import price showed a deep downturn. The pace of growth was the most pronounced in 2019 an increase of 21%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Lithuania ($X per unit), while Russia ($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 (-4.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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