Cote d'Ivoire: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Cote d'Ivoire

The Cote d'Ivoire's percussion musical instrument market expanded markedly to $X in 2022, rising by 5.4% against the previous year. Overall, consumption, however, showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Percussion Musical Instrument Production in Cote d'Ivoire

In value terms, percussion musical instrument production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 23%. Percussion musical instrument production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Percussion Musical Instrument Exports

Exports from Cote d'Ivoire

In 2022, after two years of growth, there was significant decline in overseas shipments of percussion musical instruments, when their volume decreased by -11.4% to X units. Over the period under review, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 402% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, percussion musical instrument exports declined to $X in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 414% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Austria (X units), the United States (X units) and France (X units) were the main destinations of percussion musical instrument exports from Cote d'Ivoire.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +34.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for percussion musical instrument exported from Cote d'Ivoire were Austria ($X), the United States ($X) and France ($X).

The United States, with a CAGR of +33.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average percussion musical instrument export price amounted to $X per unit, surging by 4.5% against the previous year. In general, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 export price decreased by -5.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 38%. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to the United States ($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 Japan (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Cote d'Ivoire

In 2022, the amount of percussion musical instruments imported into Cote d'Ivoire fell notably to X units, shrinking by -22.2% compared with 2021. Over the period under review, imports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by 250%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, percussion musical instrument imports shrank sharply to $X in 2022. Overall, imports, however, continue to indicate a moderate expansion. The growth pace was the most rapid in 2019 when imports increased by 291% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), France (X units) and the United Arab Emirates (X units) were the main suppliers of percussion musical instrument imports to Cote d'Ivoire, with a combined 99% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +41.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest percussion musical instrument suppliers to Cote d'Ivoire were China ($X), France ($X) and the United Arab Emirates ($X), together accounting for 99% of total imports.

France, with a CAGR of +39.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average percussion musical instrument import price stood at $X per unit in 2022, growing by 9.2% against the previous year. Overall, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2013 an increase of 28%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform