Egypt: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Egypt

In 2023, the Egyptian electrical musical instrument market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Overall, consumption, however, faced a deep downturn. As a result, consumption attained the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Electrical Musical Instrument Exports

Exports from Egypt

In 2023, approx. X units of electrical musical or keyboard instruments were exported from Egypt; declining by X% on the year before. In general, exports showed a sharp setback. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, electrical musical instrument exports declined rapidly to $X in 2023. Over the period under review, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X units), the Netherlands (X units) and Austria (X units) were the main destinations of electrical musical instrument exports from Egypt. Moreover, electrical musical instrument exports in Saudi Arabia exceeded the figures recorded by the second-largest exporter, the Netherlands, twofold.

From 2012 to 2023, the biggest increases were recorded for Bahrain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Qatar ($X) and Kuwait ($X) appeared to be the largest markets for electrical musical instrument exported from Egypt worldwide.

In terms of the main countries of destination, Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical musical instrument export price stood at $X per unit in 2023, picking up by X% against the previous year. In general, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, 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 Morocco ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Electrical Musical Instrument Imports

Imports into Egypt

In 2023, purchases abroad of electrical musical or keyboard instruments increased by X% to X units for the first time since 2019, thus ending a three-year declining trend. Overall, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X units. From 2020 to 2023, the growth of imports remained at a lower figure.

In value terms, electrical musical instrument imports soared to $X in 2023. Over the period under review, imports, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest electrical musical instrument supplier to Egypt, with a X% share of total imports. Moreover, electrical musical instrument imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), eightfold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the United States (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical musical or keyboard instruments to Egypt, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average electrical musical instrument import price amounted to $X per unit, standing approx. at the previous year. In general, the import price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Indonesia ($X per unit) and China ($X per unit), while the price for the United States ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform