Africa: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Africa

The African electrical musical instrument market reached $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw temperate growth. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Electrical Musical Instrument Production in Africa

In value terms, electrical musical instrument production expanded to $X in 2022 estimated in export price. Overall, production saw measured growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Electrical Musical Instrument Exports

Exports in Africa

After two years of decline, overseas shipments of electrical musical or keyboard instruments increased by X% to X units in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, electrical musical instrument exports soared to $X in 2022. Total exports indicated a pronounced increase 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. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Tunisia (X units), achieving a X% share of total exports. Rwanda (X units) took a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Rwanda (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. While the share of Tunisia (X p.p.), South Africa (X p.p.) and Rwanda (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest electrical musical instrument supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Rwanda ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Rwanda (X% per year) and Tunisia (X% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

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

Electrical Musical Instrument Imports

Imports in Africa

Electrical musical instrument imports soared to X units in 2022, with an increase of X% against the year before. Over the period under review, imports, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electrical musical instrument imports shrank to $X in 2022. Overall, imports, however, continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa represented the main importing country with an import of around X units, which resulted at X% of total imports. Kenya (X units) ranks second in terms of the total imports with a X% share, followed by Ghana (X%), Mauritius (X%) and Democratic Republic of the Congo (X%). The following importers - Algeria (X units), Morocco (X units), Botswana (X units), Tunisia (X units) and Tanzania (X units) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Morocco (X%), Kenya (X%), Tanzania (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, Algeria (X%), Mauritius (X%) and Botswana (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Kenya (X p.p.), Democratic Republic of the Congo (X p.p.), Morocco (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (X p.p.), Mauritius (X p.p.) and Botswana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electrical musical or keyboard instruments in Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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