Uzbekistan: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Uzbekistan

The Uzbek electrical musical instrument market expanded slightly to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion 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, consumption decreased by X% against 2020 indices. Electrical musical instrument consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Electrical Musical Instrument Production in Uzbekistan

In value terms, electrical musical instrument production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion 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 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Electrical musical instrument production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Electrical Musical Instrument Exports

Exports from Uzbekistan

Electrical musical instrument exports from Uzbekistan amounted to X units in 2022, therefore, remained relatively stable against the year before. Over the period under review, exports continue to indicate significant growth. The smallest decline of X% was in 2019. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, electrical musical instrument exports stood at $X in 2022. Overall, exports recorded a slight curtailment. The smallest decline of X% was in 2019. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for electrical musical instrument exports from Uzbekistan, with a approx. X% share of total exports.

From 2018 to 2022, the average annual rate of growth in terms of volume to Russia was relatively modest.

From 2018 to 2022, the average annual growth rate of value to Russia was relatively modest.

Export Prices by Country

The average electrical musical instrument export price stood at $X per unit in 2022, remaining constant against the previous year. In general, the export price faced a sharp downturn. The most prominent rate of growth was recorded in 2019 when the average export price decreased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 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 2018 to 2022, the rate of growth in terms of prices for Kyrgyzstan amounted to X% per year.

Electrical Musical Instrument Imports

Imports into Uzbekistan

In 2022, approx. X units of electrical musical or keyboard instruments were imported into Uzbekistan; increasing by X% compared with the year before. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, electrical musical instrument imports contracted slightly to $X in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest electrical musical instrument supplier to Uzbekistan, accounting for a X% share of total imports. Moreover, electrical musical instrument imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. The third position in this ranking was taken by Kazakhstan (X units), with a X% share.

From 2017 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Kazakhstan (X.7% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of electrical musical or keyboard instruments to Uzbekistan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Kazakhstan, with an X% share.

From 2017 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the average electrical musical instrument import price amounted to $X per unit, waning by X% against the previous year. In general, the import price, however, continues to indicate a significant expansion. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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