Egypt: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Egypt

The Egyptian percussion musical instrument market amounted to $X in 2022, remaining constant against the previous year. In general, consumption recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 when the market value increased by 7.2%. Percussion musical instrument consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Percussion Musical Instrument Production in Egypt

In value terms, percussion musical instrument production reached $X in 2022 estimated in export price. In general, production, however, saw a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of 6.1% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Percussion Musical Instrument Exports

Exports from Egypt

In 2022, the amount of percussion musical instruments exported from Egypt fell slightly to X units, shrinking by -3.3% against 2021 figures. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 59%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, percussion musical instrument exports expanded modestly to $X in 2022. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 203% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units), France (X units) and Japan (X units) were the main destinations of percussion musical instrument exports from Egypt, together comprising 62% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +62.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), France ($X) and Turkey ($X) constituted the largest markets for percussion musical instrument exported from Egypt worldwide, with a combined 56% share of total exports.

China, with a CAGR of +58.0%, saw the highest rates of growth with regard to 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

The average percussion musical instrument export price stood at $X per unit in 2022, surging by 7.5% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 an increase of 94%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Palestine ($X per unit), while the average price for exports to Japan ($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 Palestine (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Egypt

In 2022, percussion musical instrument imports into Egypt dropped markedly to X units, which is down by -62.1% against 2021. Over the period under review, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 when imports increased by 111% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, percussion musical instrument imports declined dramatically to $X in 2022. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2019 when imports increased by 36%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest percussion musical instrument supplier to Egypt, accounting for a 55% share of total imports. Moreover, percussion musical instrument imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-6.8% per year) and Taiwan (Chinese) (+3.5% per year).

In value terms, China ($X) constituted the largest supplier of percussion musical instruments to Egypt, comprising 52% of total imports. The second position in the ranking was held by Indonesia ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-11.9% per year) and Taiwan (Chinese) (-8.0% per year).

Import Prices by Country

In 2022, the average percussion musical instrument import price amounted to $X per unit, which is down by -37.5% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 79%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then fell dramatically in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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