Report Update: May 1, 2024

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

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Percussion Musical Instrument Price in Portugal - 2023

Percussion Musical Instrument Price in Portugal (CIF) - 2023

The average percussion musical instrument import price stood at $51.7 per unit in July 2023, shrinking by -51.6% against the previous month. Overall, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in January 2023 an increase of 34% m-o-m. Over the period under review, average import prices hit record highs at $107 per unit in June 2023, and then shrank sharply in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the Netherlands ($160 per unit), while the price for Senegal ($1.5 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Percussion Musical Instrument Price in Portugal (FOB) - 2022

In 2022, the average percussion musical instrument export price amounted to $72 per unit, with an increase of 44% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Spain ($72 per unit) and Switzerland ($72 per unit), while the average price for exports to Canada ($68 per unit) and South Korea ($72 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 Switzerland (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports in Portugal

In 2022, percussion musical instrument imports into Portugal soared to 98K units, with an increase of 62% on the previous year. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 63%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, percussion musical instrument imports expanded rapidly to $3.5M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Percussion Musical Instrument in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	834	735	743	1,186	12.5%
Spain	1,113	886	1,505	1,184	2.1%
Belgium	336	220	408	385	4.6%
France	23.9	45.2	33.2	208	105.7%
China	422	45.6	38.9	169	-26.3%
Italy	56.2	130	99.5	115	27.0%
Netherlands	79.9	107	77.3	103	8.8%
United States	63.5	39.1	91.6	46.8	-9.7%
Others	128	83.7	126	141	3.3%
Total	3,056	2,291	3,122	3,538	5.0%

Top Suppliers of Percussion Musical Instrument to Portugal in 2022:

Germany (32.8K units)
Spain (32.8K units)
Belgium (10.7K units)
France (5.7K units)
China (4.7K units)
Italy (3.2K units)
Netherlands (2.9K units)
United States (1.3K units)

Percussion Musical Instrument Exports in Portugal

In 2022, overseas shipments of percussion musical instruments decreased by -74% to 2.4K units, falling for the second year in a row after two years of growth. In general, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2020 when exports increased by 97%. As a result, the exports attained the peak of 37K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, percussion musical instrument exports contracted markedly to $174K in 2022. Overall, exports continue to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 89%. As a result, the exports attained the peak of $1.9M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Percussion Musical Instrument in Portugal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	239	1,082	132	54.2	-39.0%
United States	85.4	63.1	78.0	28.7	-30.5%
Angola	26.3	2.4	5.7	23.4	-3.8%
Australia	14.4	18.2	19.2	15.8	3.1%
United Kingdom	248	282	22.9	14.9	-60.8%
Switzerland	35.8	41.8	28.6	10.6	-33.3%
South Korea	4.6	8.7	3.6	9.1	25.5%
Spain	56.1	11.1	4.7	0.6	-78.0%
Netherlands	138	238	77.9	N/A	-24.9%
Others	161	155	92.5	16.7	-53.0%
Total	1,007	1,902	466	174	-44.3%

Top Export Markets for Percussion Musical Instrument from Portugal in 2022:

Germany (754.0 units)
United States (399.0 units)
Angola (326.0 units)
Australia (220.0 units)
United Kingdom (208.0 units)
Switzerland (148.0 units)
South Korea (127.0 units)
Spain (9.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the percussion musical instrument market in Portugal. 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:

Portugal

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Portugal
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