Africa: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Africa

The African percussion musical instrument market rose to $X in 2022, surging by 3.6% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Percussion Musical Instrument Production in Africa

In value terms, percussion musical instrument production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible setback. The pace of growth was the most pronounced in 2020 with an increase of 34%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Percussion Musical Instrument Exports

Exports in Africa

After two years of growth, shipments abroad of percussion musical instruments decreased by -3.7% to X units in 2022. Total exports indicated a noticeable expansion from 2012 to 2022: its volume 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 2022 figures, exports increased by +56.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 49% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, percussion musical instrument exports rose remarkably to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +120.4% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. The level of export peaked at $X in 2014; afterwards, it flattened through to 2022.

Exports by Country

Ghana was the largest exporting country with an export of around X units, which accounted for 43% of total exports. Egypt (X units) took the second position in the ranking, followed by Mali (X units), Cote d'Ivoire (X units), South Africa (X units) and Guinea (X units). All these countries together held near 45% share of total exports. Kenya (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the percussion musical instruments exports, with a CAGR of +21.8% from 2012 to 2022. At the same time, Cote d'Ivoire (+14.7%) and Guinea (+9.4%) displayed positive paces of growth. Kenya and Egypt experienced a relatively flat trend pattern. By contrast, Mali (-2.0%) and South Africa (-3.7%) illustrated a downward trend over the same period. Ghana (+35 p.p.), Cote d'Ivoire (+5.5 p.p.) and Guinea (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Egypt, South Africa and Mali saw its share reduced by -5.7%, -6.2% and -6.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest percussion musical instrument supplying countries in Africa were Ghana ($X), Cote d'Ivoire ($X) and Mali ($X), with a combined 55% share of total exports.

Among the main exporting countries, Cote d'Ivoire, with a CAGR of +16.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, picking up by 15% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 23% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.7%), while the other leaders experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports in Africa

In 2022, imports of percussion musical instruments in Africa fell to X units, with a decrease of -7.2% on the previous year's figure. Over the period under review, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 80%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, percussion musical instrument imports contracted significantly to $X in 2022. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 41% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ghana was the main importing country with an import of around X units, which resulted at 45% of total imports. It was distantly followed by South Africa (X units), constituting a 23% share of total imports. The following importers - Mauritius (X units), Nigeria (X units), Kenya (X units), Rwanda (X units), Tanzania (X units), Cameroon (X units) and Algeria (X units) - together made up 22% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Rwanda (with a CAGR of +37.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest percussion musical instrument importing markets in Africa were Ghana ($X), South Africa ($X) and Nigeria ($X), with a combined 60% share of total imports. Rwanda, Kenya, Cameroon, Algeria, Tanzania and Mauritius lagged somewhat behind, together accounting for a further 22%.

Cameroon, with a CAGR of +38.0%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, with a decrease of -14% against the previous year. In general, the import price showed a noticeable descent. The pace of growth was the most pronounced in 2016 when the import price increased by 29%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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