Italy: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Italy

In 2022, the Italian percussion musical instrument market increased by X% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Percussion Musical Instrument Production in Italy

In value terms, percussion musical instrument production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Percussion Musical Instrument Exports

Exports from Italy

In 2022, the amount of percussion musical instruments exported from Italy surged to X units, jumping by X% compared with the previous year. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, percussion musical instrument exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X units), France (X units) and Germany (X units) were the main destinations of percussion musical instrument exports from Italy, with a combined X% share of total exports. Portugal, the United States, Poland, Slovakia, the Czech Republic, China, Cyprus, the UK, Hungary and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for percussion musical instrument exported from Italy were the United States ($X), Spain ($X) and France ($X), together accounting for X% of total exports. Germany, the UK, China, the Czech Republic, Portugal, Poland, Slovakia, Cyprus, Hungary and Greece lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Cyprus, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average percussion musical instrument export price amounted to $X per unit, dropping by X% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, percussion musical instrument export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Italy

In 2022, overseas purchases of percussion musical instruments increased by X% to X units, rising for the second year in a row after three years of decline. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, percussion musical instrument imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable setback. The pace of growth was the most pronounced in 2021 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 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the Netherlands (X units) were the main suppliers of percussion musical instrument imports to Italy, together comprising X% of total imports. Spain, France, South Korea, Taiwan (Chinese) and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Netherlands ($X) and Germany ($X) were the largest percussion musical instrument suppliers to Italy, together comprising X% of total imports. The United States, Spain, France, South Korea and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average percussion musical instrument import price amounted to $X per unit, waning by X% against the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 a decline.

Source: IndexBox Platform