Report Update: May 1, 2024

Costa Rica - Percussion Musical Instruments - Market Analysis, Forecast, Size, Trends And Insights

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Percussion Musical Instrument Price in Costa Rica - 2022

Percussion Musical Instrument Price in Costa Rica (CIF) - 2022

The average percussion musical instrument import price stood at $76 per unit in 2022, picking up by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Panama ($87 per unit) and Indonesia ($79 per unit), while the price for Thailand ($76 per unit) and China ($79 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Percussion Musical Instrument Price in Costa Rica (FOB) - 2022

In 2022, the average percussion musical instrument export price amounted to $33 per unit, waning by -17.4% against the previous year. In general, the export price faced a precipitous descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 56%. The export price peaked at $572 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Honduras ($35 per unit) and New Zealand ($33 per unit), while the average price for exports to Nicaragua ($31 per unit) and the United States ($32 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+11.2%), while the prices for the other major destinations experienced a decline.

Percussion Musical Instrument Imports in Costa Rica

For the third consecutive year, Costa Rica recorded decline in supplies from abroad of percussion musical instruments, which decreased by -15% to 4.9K units in 2022. Overall, imports saw a dramatic contraction. Imports peaked at 12K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, percussion musical instrument imports shrank to $375K in 2022. Over the period under review, imports continue to indicate a precipitous contraction. Over the period under review, imports reached the maximum at $905K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Percussion Musical Instrument in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	178	187	130	165	-2.5%
China	512	183	171	102	-41.6%
Thailand	84.0	52.9	38.5	44.3	-19.2%
Taiwan (Chinese)	48.1	27.8	19.1	19.3	-26.2%
Indonesia	8.8	1.2	5.5	13.1	14.2%
Germany	23.3	34.5	23.4	8.1	-29.7%
Others	51.0	30.9	36.9	22.9	-23.4%
Total	905	518	424	375	-25.4%

Top Suppliers of Percussion Musical Instrument to Costa Rica in 2022:

United States (2107.0 units)
China (1294.0 units)
Thailand (586.0 units)
Taiwan (Chinese) (246.0 units)
Indonesia (165.0 units)
Germany (103.0 units)

Percussion Musical Instrument Exports in Costa Rica

In 2022, the amount of percussion musical instruments exported from Costa Rica fell remarkably to 98 units, which is down by -83.1% compared with the previous year. Overall, exports faced a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. As a result, the exports reached the peak of 580 units, and then fell dramatically in the following year.

In value terms, percussion musical instrument exports shrank notably to $3.2K in 2022. In general, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, the exports reached the peak figure at $28K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Percussion Musical Instrument in Costa Rica (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	7.6	20.5	2.7	-40.4%
Honduras	N/A	0.1	N/A	0.2	41.4%
New Zealand	N/A	N/A	N/A	0.1	0%
Nicaragua	27.0	8.7	0.2	0.1	-84.5%
Spain	0.2	N/A	N/A	0.1	-20.6%
Panama	0.4	2.5	0.5	N/A	11.8%
Canada	N/A	N/A	1.1	N/A	0%
Others	0.2	0.3	0.6	N/A	73.2%
Total	27.9	19.2	22.9	3.2	-51.4%

Top Export Markets for Percussion Musical Instrument from Costa Rica in 2022:

United States (83.0 units)
Honduras (6.0 units)
New Zealand (3.0 units)
Spain (3.0 units)
Nicaragua (2.0 units)
Panama (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the percussion musical instrument market in Costa Rica. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32201510 - Percussion musical instruments

Country coverage:

Costa Rica

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Costa Rica
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023