France - Electrical Musical Or Keyboard Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrance Sees Slight Decline in Electrical Musical Instrument Imports, Dropping to $130M in 2023
France Electrical Musical Instrument Imports
In 2023, overseas purchases of electrical musical or keyboard instruments decreased by -16.5% to 330K units, falling for the second year in a row after four years of growth. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. Imports peaked at 452K units in 2021; however, from 2022 to 2023, imports failed to regain momentum.
In value terms, electrical musical instrument imports declined rapidly to $130M (IndexBox estimates) in 2023. Overall, total imports indicated a notable increase from 2013 to 2023: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -23.5% against 2021 indices. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, imports attained the maximum at $170M in 2021; however, from 2022 to 2023, imports remained at a lower figure.
| COUNTRY | Import Value of Electrical Musical Instrument in France (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 32.5 | 35.5 | 34.0 | 34.4 | 33.0 | 40.5 | 40.3 | 36.9 | 42.1 | 40.5 | 39.7 |
| Indonesia | 20.0 | 25.1 | 23.1 | 28.2 | 25.0 | 23.7 | 25.8 | 19.7 | 28.9 | 32.2 | 24.1 |
| Netherlands | 6.7 | 7.2 | 5.9 | 6.3 | 7.7 | 9.6 | 8.2 | 15.6 | 18.9 | 18.4 | 20.5 |
| Germany | 10.8 | 12.8 | 11.3 | 12.8 | 14.4 | 20.1 | 22.9 | 50.9 | 50.9 | 44.5 | 16.3 |
| Sweden | 1.5 | 1.5 | 2.1 | 2.9 | 2.7 | 3.2 | 3.1 | 3.0 | 3.1 | 3.9 | 5.3 |
| United States | 10.9 | 10.2 | 7.8 | 7.2 | 6.9 | 6.4 | 9.0 | 3.1 | 3.3 | 2.7 | 5.2 |
| Belgium | 2.5 | 2.7 | 2.7 | 2.7 | 3.3 | 2.8 | 2.3 | 3.5 | 8.6 | 3.7 | 4.5 |
| Japan | 6.6 | 6.5 | 4.7 | 4.7 | 4.2 | 3.1 | 3.2 | 2.7 | 2.9 | 3.1 | 2.2 |
| Others | 8.6 | 9.5 | 7.9 | 10.2 | 10.6 | 14.5 | 17.5 | 13.7 | 10.8 | 11.0 | 11.9 |
| Total | 100 | 111 | 99.6 | 109 | 108 | 124 | 132 | 149 | 170 | 160 | 130 |
Imports by Country
In 2023, China (179K units) constituted the largest supplier of electrical musical instrument to France, with a 54% share of total imports. Moreover, electrical musical instrument imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (36K units), fivefold. Indonesia (33K units) ranked third in terms of total imports with a 10% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China amounted to +1.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.0% per year) and Indonesia (-4.0% per year).
In value terms, China ($40M), Indonesia ($24M) and the Netherlands ($20M) were the largest electrical musical instrument suppliers to France, together accounting for 65% of total imports. Germany, Sweden, the United States, Belgium and Japan lagged somewhat behind, together comprising a further 26%.
Sweden, with a CAGR of +13.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Imports by Type
In 2023, keyboard electrical musical instruments, other than accordions (226K units) constituted the largest type of electrical musical or keyboard instruments supplied to France, with a 68% share of total imports. Moreover, keyboard electrical musical instruments, other than accordions exceeded the figures recorded for the second-largest type, non-keyboard electrical musical instruments (104K units), twofold.
From 2013 to 2023, the average annual growth rate of the volume of keyboard electrical musical instruments, other than accordions imports stood at +3.2%.
In value terms, electrical musical or keyboard instruments with the largest imports in France were keyboard electrical musical instruments, other than accordions ($86M) and non-keyboard electrical musical instruments ($44M).
Import Prices by Country
In 2023, the electrical musical instrument price amounted to $393 per unit (CIF, France), declining by -3% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 23%. The import price peaked at $405 per unit in 2022, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1.4 thousand per unit), while the price for China ($222 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the electrical musical instrument market in France. 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 32201400 - Musical or keyboard instruments, the sound of which is produced, or must be amplified, electrically
Country coverage:
- France
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in France
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
