Venezuela - Percussion Musical Instruments - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

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

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Percussion Musical Instrument Price in Venezuela - 2022

Contents:

  1. Percussion Musical Instrument Price in Venezuela (CIF) - 2022
  2. Percussion Musical Instrument Price in Venezuela (FOB) - 2022
  3. Percussion Musical Instrument Imports in Venezuela
  4. Percussion Musical Instrument Exports in Venezuela

Percussion Musical Instrument Price in Venezuela (CIF) - 2022

In 2022, the average percussion musical instrument import price amounted to $70 per unit, with a decrease of -11.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 59% against the previous year. The import price peaked at $78 per unit in 2021, and then fell in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +0.3% per year.

Percussion Musical Instrument Price in Venezuela (FOB) - 2022

The average percussion musical instrument export price stood at $70 per unit in 2022, increasing by 7.6% against the previous year. Over the period under review, the export price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 an increase of 135% against the previous year. Over the period under review, the average export prices reached the peak figure at $272 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($71 per unit), while the average price for exports to Chile totaled $43 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+3.3%), while the prices for the other major destinations experienced a decline.

Percussion Musical Instrument Imports in Venezuela

In 2022, approx. 426 units of percussion musical instruments were imported into Venezuela; with an increase of 5.2% compared with the previous year. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at 447 units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, percussion musical instrument imports contracted to $30K in 2022. The total import value increased at an average annual rate of +11.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. Imports peaked at $32K in 2021, and then fell in the following year.

Import of Percussion Musical Instrument in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/A10.0N/A29.672.0%
ChinaN/AN/A5.1N/A0%
United Kingdom10.32.0N/AN/A-80.6%
Panama11.08.7N/AN/A-20.9%
Taiwan (Chinese)N/A6.7N/AN/A0%
TurkeyN/AN/A25.7N/A0%
OthersN/A0.10.9N/A800.0%
Total21.327.531.729.611.6%

Top Suppliers of Percussion Musical Instrument to Venezuela in 2022:

  1. United States (426.0 units)

Percussion Musical Instrument Exports in Venezuela

In 2022, overseas shipments of percussion musical instruments increased by 35% to 150 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports attained the maximum at 285 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, percussion musical instrument exports soared to $11K in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -23.8% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 55% against the previous year. As a result, the exports reached the peak of $14K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Export of Percussion Musical Instrument in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama0.211.92.810.4273.3%
Chile2.10.30.80.1-63.8%
Spain0.4N/A1.2N/A73.2%
SwitzerlandN/AN/A1.1N/A0%
Germany2.9N/A1.0N/A-41.3%
FranceN/A1.20.2N/A-83.3%
Canada2.7N/AN/AN/A0%
Others0.60.50.1N/A-59.2%
Total8.913.97.310.66.0%

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

  1. Panama (147.0 units)
  2. Chile (3.0 units)

Source: IndexBox Market Intelligence Platform

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

  • Venezuela

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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