MENA: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in MENA

In 2022, the MENA's percussion musical instrument market decreased by X% to $X, falling for the second consecutive year after four years of growth. Overall, consumption showed a deep downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Percussion Musical Instrument Production in MENA

In value terms, percussion musical instrument production rose to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Percussion Musical Instrument Exports

Exports in MENA

In 2022, approx. X units of percussion musical instruments were exported in MENA; growing by X% against 2021 figures. Over the period under review, exports saw a strong increase. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, percussion musical instrument exports soared to $X in 2022. Total exports indicated measured 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Turkey was the key exporter of percussion musical instruments in MENA, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Israel (X%) and Tunisia (X%). Iran (X units) took a little share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Israel (X%) and Iran (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. The United Arab Emirates (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total exports, while Iran and Tunisia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest percussion musical instrument supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

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 Iran ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced a decline in the export price figures.

Percussion Musical Instrument Imports

Imports in MENA

In 2022, the amount of percussion musical instruments imported in MENA reached X units, increasing by X% against 2021. In general, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, percussion musical instrument imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importer of percussion musical instruments in MENA, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Israel (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (X%), Kuwait (X%) and Turkey (X%). Bahrain (X units) and Tunisia (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to percussion musical instrument imports into the United Arab Emirates stood at X%. At the same time, Iraq (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%), Kuwait (X%), Tunisia (X%), Turkey (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Kuwait (X p.p.) and Iraq (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Iraq, Tunisia, Kuwait and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Iraq, 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 import price in MENA amounted to $X per unit, growing by X% against the previous year. In general, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Israel ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform