France: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in France

The French percussion musical instrument market soared to $X in 2022, increasing by 61% against the previous year. Overall, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Percussion Musical Instrument Production in France

In value terms, percussion musical instrument production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a strong increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 49%. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in years to come.

Percussion Musical Instrument Exports

Exports from France

In 2022, the amount of percussion musical instruments exported from France dropped dramatically to X units, shrinking by -39.9% compared with 2021 figures. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 86% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, percussion musical instrument exports contracted remarkably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 86% against the previous year. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Germany (X units), the United States (X units) and Spain (X units) were the main destinations of percussion musical instrument exports from France, together comprising 50% of total exports. Italy, Switzerland, the Netherlands, the UK, Japan, Belgium, Ireland, China, Poland and Portugal lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +47.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and Spain ($X) constituted the largest markets for percussion musical instrument exported from France worldwide, with a combined 50% share of total exports. Italy, Switzerland, the Netherlands, the UK, Japan, Belgium, Ireland, China, Poland and Portugal lagged somewhat behind, together accounting for a further 34%.

Ireland, with a CAGR of +57.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, growing by 33% against the previous year. In general, the export price continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 an increase of 99% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per unit) and Switzerland ($X per unit), while the average price for exports to Poland ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into France

For the third consecutive year, France recorded growth in purchases abroad of percussion musical instruments, which increased by 74% to X units in 2022. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, percussion musical instrument imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period 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 21%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest percussion musical instrument supplier to France, with a 44% share of total imports. Moreover, percussion musical instrument imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.9% per year) and the United States (+11.9% per year).

In value terms, Germany ($X) constituted the largest supplier of percussion musical instruments to France, comprising 44% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and the United States (-0.1% per year).

Import Prices by Country

The average percussion musical instrument import price stood at $X per unit in 2022, with a decrease of -37.5% against the previous year. Overall, the import price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 18%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and India ($X per unit), while the price for Canada ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-10.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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