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U.S. Musical Instruments Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Musical Instrument Market Overview 2020

Musical Instrument Market Size in the U.S.

The U.S. musical instrument market skyrocketed to $X in 2019, growing by X% against the previous year. Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Musical Instrument Production in the U.S.

In value terms, musical instrument production rose to $X in 2019. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2013; afterwards, it flattened through to 2019.

Musical Instrument Exports

Exports from the U.S.

In 2019, after two years of growth, there was significant decline in overseas shipments of musical instruments, when their volume decreased by -X% to X tonnes. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X tonnes in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

In value terms, musical instrument exports reduced notably to $X in 2019. In general, exports saw a sharp reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tonnes), the UK (X tonnes) and Japan (X tonnes) were the main destinations of musical instrument exports from the U.S., with a combined X% share of total exports.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico, while exports for the other leaders experienced a decline.

In value terms, Germany ($X), Japan ($X) and the UK ($X) were the largest markets for musical instrument exported from the U.S. worldwide, together comprising X% of total exports. These countries were followed by Canada, Mexico, South Korea, Australia, Indonesia, China, the Netherlands, France and Brazil, which together accounted for a further X terms of the main countries of destination, Indonesia 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 a decline.

Export Prices by Country

The average musical instrument export price stood at $X per tonne in 2019, which is down by -X% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per tonne in 2016; however, from 2017 to 2019, export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Germany ($X per tonne), while the average price for exports to Mexico ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Musical Instrument Imports

Imports into the U.S.

In 2019, overseas purchases of musical instruments were finally on the rise to reach X tonnes for the first time since 2016, thus ending a two-year declining trend. In general, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, musical instrument imports expanded markedly to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tonnes), Switzerland (X tonnes) and South Korea (X tonnes) were the main suppliers of musical instrument imports to the U.S., with a combined X% share of total imports.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of musical instrument to the U.S., comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports. It was followed by Taiwan, Chinese, with a X% share.

From 2013 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Taiwan, Chinese (+X% per year).

Import Prices by Country

In 2019, the average musical instrument import price amounted to $X per tonne, dropping by -X% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2018, and then shrank notably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per tonne), while the price for Switzerland ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of musical instruments to the U.S.?
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In value terms, China ($597M) constituted the largest supplier of musical instrument to the U.S., comprising 40% of total imports. The second position in the ranking was occupied by Japan ($155M), with a 10% share of total imports. It was followed by Taiwan, Chinese, with a 5.9% share.
What are the leading importers of musical instruments from the U.S.?
+
In value terms, the largest markets for musical instrument exported from the U.S. were Germany ($21M), Japan ($15M) and the UK ($15M), together accounting for 37% of total exports. Canada, Mexico, South Korea, Australia, Indonesia, China, the Netherlands, France and Brazil lagged somewhat behind, together accounting for a further 38%.
What is the average export price for musical instruments in the U.S.?
+
In 2019, the average musical instrument export price amounted to $15,754 per tonne, declining by -39.4% against the previous year.
What is the average import price for musical instruments in the U.S.?
+
The average musical instrument import price stood at $7,237 per tonne in 2019, reducing by -73% against the previous year.

Product coverage:
• NAICS 339992 - Musical instrument manufacturing

This report provides an in-depth analysis of the musical instrument market in the U.S.. 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 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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 PRODUCTS

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 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
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, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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