Benelux: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Benelux

The Benelux percussion musical instrument market soared to $X in 2022, picking up by 315% against the previous year. In general, consumption showed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Percussion Musical Instrument Production in Benelux

In value terms, percussion musical instrument production declined to $X in 2022 estimated in export price. Over the period under review, production showed a mild setback. The growth pace was the most rapid in 2013 when the production volume increased by 20% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Percussion Musical Instrument Exports

Exports in Benelux

In 2022, approx. X units of percussion musical instruments were exported in Benelux; which is down by -41% against the previous year's figure. Over the period under review, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 27%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, percussion musical instrument exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 19%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands dominates exports structure, accounting for X units, which was approx. 96% of total exports in 2022. Belgium (X units) took a minor share of total exports.

The Netherlands was also the fastest-growing in terms of the percussion musical instruments exports, with a CAGR of -2.5% from 2012 to 2022. Belgium (-10.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands increased by +4.2 percentage points.

In value terms, the Netherlands ($X) remains the largest percussion musical instrument supplier in Benelux, comprising 96% of total exports. The second position in the ranking was taken by Belgium ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +3.1%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, growing by 62% against the previous year. Export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.8%).

Percussion Musical Instrument Imports

Imports in Benelux

In 2022, imports of percussion musical instruments in Benelux skyrocketed to X units, rising by 76% against 2021. Overall, imports continue to indicate resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, percussion musical instrument imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

The Netherlands prevails in imports structure, finishing at X units, which was approx. 93% of total imports in 2022. It was distantly followed by Belgium (X units), generating a 6.3% share of total imports.

The Netherlands was also the fastest-growing in terms of the percussion musical instruments imports, with a CAGR of +21.5% from 2012 to 2022. At the same time, Belgium (+3.8%) displayed positive paces of growth. While the share of the Netherlands (+20 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belgium (-17.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported percussion musical instruments in Benelux, comprising 87% of total imports. The second position in the ranking was taken by Belgium ($X), with an 11% share of total imports.

In the Netherlands, percussion musical instrument imports increased at an average annual rate of +3.4% over the period from 2012-2022.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, declining by -46.7% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2019 when the import price increased by 5.2% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the Netherlands totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-9.1%).

Source: IndexBox Platform