Africa: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Africa

In 2022, the African keyboard stringed instrument market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Keyboard Stringed Instrument Production in Africa

In value terms, keyboard stringed instrument production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Keyboard Stringed Instrument Exports

Exports in Africa

In 2022, overseas shipments of keyboard stringed instruments increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, keyboard stringed instrument exports skyrocketed to $X in 2022. In general, exports, however, recorded a noticeable downturn. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa represented the main exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Zambia (X units), Zimbabwe (X units), Mozambique (X units), Ethiopia (X units), Angola (X units), Tanzania (X units) and Kenya (X units), together mixing up a X% share of total exports. The following exporters - Cote d'Ivoire (X units), Rwanda (X units), Ghana (X units), Namibia (X units) and Uganda (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to keyboard stringed instrument exports from South Africa stood at X%. At the same time, Rwanda (X%), Zimbabwe (X%), Zambia (X%), Angola (X%), Mozambique (X%), Ethiopia (X%), Tanzania (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire experienced a relatively flat trend pattern. By contrast, Uganda (X%), Kenya (X%) and Namibia (X%) illustrated a downward trend over the same period. Zambia (X p.p.), Zimbabwe (X p.p.), Angola (X p.p.), Mozambique (X p.p.), Ethiopia (X p.p.) and Rwanda (X p.p.) significantly strengthened its position in terms of the total exports, while Kenya, Namibia and South Africa saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest keyboard stringed instrument supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Mozambique ($X), with an X% share of total exports. It was followed by Ethiopia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Mozambique (X% per year) and Ethiopia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, standing approx. at the previous year. In general, the export price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Ghana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%), while the other leaders experienced more modest paces of growth.

Keyboard Stringed Instrument Imports

Imports in Africa

In 2022, supplies from abroad of keyboard stringed instruments increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, keyboard stringed instrument imports totaled $X in 2022. Over the period under review, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, amounting to X units, which was near X% of total imports in 2022. Angola (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mozambique (X%). The following importers - Morocco (X units), Mauritius (X units), Burundi (X units), Democratic Republic of the Congo (X units), Madagascar (X units) and Algeria (X units) - together made up X% of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Madagascar (X%), Democratic Republic of the Congo (X%), Burundi (X%), Mauritius (X%), Mozambique (X%), Morocco (X%) and Algeria (X%) displayed positive paces of growth. Moreover, Madagascar emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), Angola (X p.p.), Morocco (X p.p.), Burundi (X p.p.), Mauritius (X p.p.), Democratic Republic of the Congo (X p.p.) and Madagascar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported keyboard stringed instruments in Africa, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with an X% share of total imports. It was followed by Mauritius, with a X% share.

In South Africa, keyboard stringed instrument imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Mauritius (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mauritius ($X per unit), while Burundi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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