Benelux: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Benelux

In 2022, the Benelux electrical musical instrument market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption saw a significant increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Electrical Musical Instrument Production in Benelux

In value terms, electrical musical instrument production expanded to $X in 2022 estimated in export price. In general, production recorded significant growth. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electrical Musical Instrument Exports

Exports in Benelux

In 2022, overseas shipments of electrical musical or keyboard instruments decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped sharply in the following year.

In value terms, electrical musical instrument exports fell to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, the Netherlands (X units) was the key exporter of electrical musical or keyboard instruments, comprising X% of total exports. It was distantly followed by Belgium (X units), creating a X% share of total exports.

The Netherlands was also the fastest-growing in terms of the electrical musical or keyboard instruments exports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. While the share of the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest electrical musical instrument supplier in Benelux, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports.

In the Netherlands, electrical musical instrument exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, growing by X% against the previous year. Overall, the export price, however, showed a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands stood at $X per unit.

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

Electrical Musical Instrument Imports

Imports in Benelux

In 2022, after four years of growth, there was significant decline in supplies from abroad of electrical musical or keyboard instruments, when their volume decreased by X% to X units. Overall, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then dropped significantly in the following year.

In value terms, electrical musical instrument imports declined dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, the Netherlands (X units) was the major importer of electrical musical or keyboard instruments, comprising X% of total imports. It was distantly followed by Belgium (X units), making up a X% share of total imports.

The Netherlands was also the fastest-growing in terms of the electrical musical or keyboard instruments imports, with a CAGR of X% from 2012 to 2022. At the same time, Belgium (X%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported electrical musical or keyboard instruments in Benelux, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled X%.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, showed a deep reduction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

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

Source: IndexBox Platform