Global Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size

In 2022, the global percussion musical instrument market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a drastic downturn. Over the period under review, the global market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Percussion Musical Instrument Production

In value terms, percussion musical instrument production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Percussion Musical Instrument Exports

Exports

Global percussion musical instrument exports soared to X units in 2022, increasing by X% against 2021 figures. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the global exports attained 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 skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. It was distantly followed by the United States (X units), Taiwan (Chinese) (X units), Germany (X units) and Thailand (X units), together creating a X% share of total exports. The Netherlands (X units) and India (X units) held a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of percussion musical instruments. At the same time, the United States (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. India and the Netherlands experienced a relatively flat trend pattern. By contrast, Thailand (X%), Germany (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and the United States (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Germany (X p.p.) and Taiwan (Chinese) (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest percussion musical instrument supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Germany ($X), with a X% share of global exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (X% per year) and the United States (X% per year).

Export Prices by Country

The average percussion musical instrument export price stood at $X per unit in 2022, stabilizing at the previous year. In general, export price indicated a measured 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 increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat 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 Germany ($X per unit), while India ($X per unit) was amongst the lowest.

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

Percussion Musical Instrument Imports

Imports

In 2022, purchases abroad of percussion musical instruments increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, global imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, percussion musical instrument imports skyrocketed to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, the United States (X units) represented the largest importer of percussion musical instruments, achieving X% of total imports. Germany (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by China (X%) and Australia (X%). Canada (X units), the Netherlands (X units), France (X units), Chile (X units), the UK (X units), Russia (X units), Brazil (X units), Italy (X units) and Japan (X units) held a little share of total imports.

Imports into the United States decreased at an average annual rate of X% from 2012 to 2022. At the same time, China (X%), the Netherlands (X%), Germany (X%), Russia (X%), Italy (X%) and France (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Australia (X%), Canada (X%), Brazil (X%), the UK (X%) and Japan (X%) illustrated a downward trend over the same period. Germany (X p.p.), China (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the global imports, while the UK, Japan and the United States saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported percussion musical instruments worldwide, comprising X% of global imports. The second position in the ranking was held by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the average percussion musical instrument import price amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform