Australia and Oceania: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Australia and Oceania

The percussion musical instrument market in Australia and Oceania dropped slightly to $X in 2022, which is down by -3.7% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced slightly in the following year.

Percussion Musical Instrument Production in Australia and Oceania

In value terms, percussion musical instrument production stood at $X in 2022 estimated in export price. In general, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 348,600% against the previous year. Over the period under review, production hit record highs at $X in 2019; afterwards, it flattened through to 2022.

Percussion Musical Instrument Exports

Exports in Australia and Oceania

In 2022, approx. X units of percussion musical instruments were exported in Australia and Oceania; with an increase of 26% compared with the previous year. Overall, exports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2019 when exports increased by 68%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, percussion musical instrument exports expanded notably to $X in 2022. Over the period under review, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, finishing at X units, which was near 89% of total exports in 2022. It was distantly followed by New Zealand (X units), committing an 8.6% share of total exports. Fiji (X units) followed a long way behind the leaders.

Exports from Australia decreased at an average annual rate of -21.9% from 2012 to 2022. At the same time, Fiji (+14.4%) and New Zealand (+2.3%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +14.4% from 2012-2022. While the share of New Zealand (+8 p.p.) and Fiji (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-10.7 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest percussion musical instrument supplier in Australia and Oceania, comprising 81% of total exports. The second position in the ranking was held by New Zealand ($X), with a 12% share of total exports.

In Australia, percussion musical instrument exports plunged by an average annual rate of -16.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-2.7% per year) and Fiji (+26.8% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, waning by -10.2% against the previous year. Overall, the export price, however, posted strong growth. The pace of growth was the most pronounced in 2014 when the export price increased by 114% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+10.8%), while the other leaders experienced mixed trends in the export price figures.

Percussion Musical Instrument Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of percussion musical instruments increased by 4.4% to X units, rising for the fourth consecutive year after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 28%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, percussion musical instrument imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Australia prevails in imports structure, accounting for X units, which was near 90% of total imports in 2022. It was distantly followed by New Zealand (X units), committing a 7.3% share of total imports.

Imports into Australia decreased at an average annual rate of -1.3% from 2012 to 2022. At the same time, New Zealand (+8.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.3% from 2012-2022. New Zealand (+4.3 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -4.4% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported percussion musical instruments in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 15% share of total imports.

In Australia, percussion musical instrument imports expanded at an average annual rate of +1.0% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, dropping by -13.2% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 import price increased by +11.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 35%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.4%).

Source: IndexBox Platform

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