Report Nigeria - Percussion Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Nigeria - Percussion Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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Nigeria: Percussion Musical Instrument Market 2022

Percussion Musical Instrument Market Size in Nigeria

In 2021, the Nigerien percussion musical instrument market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Percussion Musical Instrument Exports

Exports from Nigeria

In 2021, percussion musical instrument exports from Nigeria rose significantly to X units, increasing by X% on 2020 figures. Over the period under review, exports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2019 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, percussion musical instrument exports reached $X in 2021. In general, exports, however, continue to indicate a slight reduction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for percussion musical instrument exports from Nigeria, accounting for a X% share of total exports. Moreover, percussion musical instrument exports to Canada exceeded the volume sent to the second major destination, Togo (X units), threefold. Benin (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (X% per year) and Benin (+X% per year).

In value terms, Togo ($X), Benin ($X) and France ($X) were the largest markets for percussion musical instrument exported from Nigeria worldwide, together accounting for X% of total exports. Canada and Austria lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average percussion musical instrument export price amounted to $X per unit, waning by -X% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, percussion musical instrument export price increased by +X% against 2019 indices. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then shrank slightly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Togo (X%), while the prices for the other major destinations experienced mixed trend patterns.

Percussion Musical Instrument Imports

Imports into Nigeria

In 2021, overseas purchases of percussion musical instruments decreased by -X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, percussion musical instrument imports plummeted to $X in 2021. In general, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main percussion musical instrument supplier to Nigeria, with a X% share of total imports. Moreover, percussion musical instrument imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the United Arab Emirates (-X% per year).

In value terms, China ($X) constituted the largest supplier of percussion musical instrument to Nigeria, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and the United Arab Emirates (-X% per year).

Import Prices by Country

In 2021, the average percussion musical instrument import price amounted to $X per unit, surging by X% against the previous year. In general, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, percussion musical instrument import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for percussion musical instruments in the world?
+
The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 40% of global consumption. Japan, Russia, Germany, Indonesia, Brazil, Taiwan Chinese), Pakistan, Turkey, Canada and Egypt lagged somewhat behind, together comprising a further 32%.
What are the largest producers of percussion musical instruments in the world?
+
China constituted the country with the largest volume of percussion musical instrument production, comprising approx. 35% of total volume. Moreover, percussion musical instrument production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was held by the United States, with a 7.1% share.
What are the leading suppliers of percussion musical instruments to Nigeria?
+
In value terms, China constituted the largest supplier of percussion musical instrument to Nigeria, comprising 93% of total imports. The second position in the ranking was taken by India, with a 4.9% share of total imports.
What are the leading importers of percussion musical instruments from Nigeria?
+
In value terms, the largest markets for percussion musical instrument exported from Nigeria were Togo $755), Benin $696) and France $182), with a combined 84% share of total exports. These countries were followed by Canada and Austria, which together accounted for a further 15%.
What is the average export price for percussion musical instruments in Nigeria?
+
In 2021, the average percussion musical instrument export price amounted to $51 per unit, with a decrease of -4.9% against the previous year.
What is the average import price for percussion musical instruments in Nigeria?
+
The average percussion musical instrument import price stood at $74 per unit in 2021, surging by 2% against the previous year.

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

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Nigeria
• 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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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