Cote d'Ivoire: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Cote d'Ivoire

The Cote d'Ivoire's electrical musical instrument market skyrocketed to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a significant expansion. Electrical musical instrument consumption peaked in 2022 and is expected to retain growth in the immediate term.

Electrical Musical Instrument Exports

Exports from Cote d'Ivoire

Electrical musical instrument exports from Cote d'Ivoire totaled X units in 2022, standing approx. at 2021. Overall, exports showed a mild expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electrical musical instrument exports soared to $X in 2022. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa (X units) was the main destination for electrical musical instrument exports from Cote d'Ivoire, with a X% share of total exports. Moreover, electrical musical instrument exports to South Africa exceeded the volume sent to the second major destination, Mali (X units), threefold. The third position in this ranking was taken by Senegal (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Senegal (X% per year).

In value terms, South Africa ($X) emerged as the key foreign market for electrical musical or keyboard instruments exports from Cote d'Ivoire, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mali (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average electrical musical instrument export price amounted to $X per unit, growing by X% against the previous year. In general, the export price posted a prominent expansion. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (X%), while the prices for the other major destinations experienced a decline.

Electrical Musical Instrument Imports

Imports into Cote d'Ivoire

In 2022, approx. X units of electrical musical or keyboard instruments were imported into Cote d'Ivoire; with an increase of X% compared with the year before. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, electrical musical instrument imports surged to $X in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest electrical musical instrument supplier to Cote d'Ivoire, with a X% share of total imports. Moreover, electrical musical instrument imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical musical or keyboard instruments to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and France (X% per year).

Import Prices by Country

The average electrical musical instrument import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price 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. Based on 2022 figures, electrical musical instrument import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform