Price for Non-Keyboard Electrical Musical Instruments in Lithuania - 2023

Price for Non-Keyboard Electrical Musical Instruments in Lithuania (CIF) - 2022

In 2022, the average non-keyboard electrical musical instruments import price amounted to $611 per unit, jumping by 25% against the previous year. In general, the import price enjoyed prominent growth. The growth pace was the most rapid in 2020 an increase of 50% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 Poland ($535 per unit), while the price for Latvia ($250 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Keyboard Electrical Musical Instruments in Lithuania (FOB) - 2022

In 2022, the average non-keyboard electrical musical instruments export price amounted to $412 per unit, approximately equating the previous year. In general, the export price recorded a strong increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 88% against the previous year. The export price peaked at $606 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($1,339 per unit), while the average price for exports to Kazakhstan ($161 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (+139.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Keyboard Electrical Musical Instruments in Lithuania

In 2022, the amount of non-keyboard electrical musical instrumentses imported into Lithuania surged to 3.2K units, increasing by 40% on 2021 figures. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-keyboard electrical musical instruments imports soared to $1.9M in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Non-Keyboard Electrical Musical Instruments in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	163	282	286	384	33.1%
Poland	0.2	11.3	136	287	1027.9%
Sweden	130	303	411	226	20.2%
Belgium	78.8	103	56.2	90.1	4.6%
Indonesia	4.1	25.6	26.5	63.7	149.5%
Netherlands	33.9	17.7	26.0	57.3	19.1%
Latvia	146	67.7	33.3	56.2	-27.3%
China	24.1	8.3	2.8	24.2	0.1%
Italy	6.2	44.9	50.6	10.7	19.9%
United Kingdom	1.6	92.3	8.5	7.0	63.6%
Others	35.7	54.7	64.7	725	172.8%
Total	623	1,010	1,101	1,932	45.8%

Top Suppliers of Non-Keyboard Electrical Musical Instruments to Lithuania in 2022:

Germany (843.0 units)
Sweden (629.0 units)
Poland (537.0 units)
Latvia (225.0 units)
Indonesia (200.0 units)
Belgium (190.0 units)
Netherlands (144.0 units)
China (57.0 units)
Italy (45.0 units)
United Kingdom (9.0 units)

Exports of Non-Keyboard Electrical Musical Instruments in Lithuania

Non-keyboard electrical musical instruments exports from Lithuania soared to 4.3K units in 2022, picking up by 109% compared with the previous year. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 133% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-keyboard electrical musical instruments exports soared to $1.8M in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 235%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Export of Non-Keyboard Electrical Musical Instruments in Lithuania (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kyrgyzstan	N/A	N/A	N/A	831	0%
Russia	231	721	661	392	19.3%
Kazakhstan	1.2	1.5	4.5	191	441.9%
Poland	N/A	N/A	0.5	136	27100.0%
Estonia	1.4	1.0	0.9	72.7	273.1%
Belarus	6.0	41.5	138	67.2	123.7%
Others	2.2	46.9	35.1	93.2	248.6%
Total	242	812	840	1,783	94.6%