Germany: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in Germany

In 2022, after two years of growth, there was significant decline in the German electrical musical instrument market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw notable growth. Electrical musical instrument consumption peaked at $X in 2021, and then fell markedly in the following year.

Electrical Musical Instrument Production in Germany

In value terms, electrical musical instrument production shrank significantly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Electrical Musical Instrument Exports

Exports from Germany

In 2022, the amount of electrical musical or keyboard instruments exported from Germany surged to X units, jumping by X% on the year before. Over the period under review, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical musical instrument exports surged to $X in 2022. Overall, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units) was the main destination for electrical musical instrument exports from Germany, accounting for a X% share of total exports. Moreover, electrical musical instrument exports to France exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

In value terms, France ($X), the Netherlands ($X) and Austria ($X) constituted the largest markets for electrical musical instrument exported from Germany worldwide, together accounting for X% of total exports. The UK, Spain, Poland, Italy, Switzerland, Sweden, Belgium, the Czech Republic, Finland and Denmark lagged somewhat behind, together accounting for a further X%.

Finland, with a CAGR of X%, recorded 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 electrical musical instrument export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Italy ($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 Switzerland (X%), while the prices for the other major destinations experienced a decline.

Electrical Musical Instrument Imports

Imports into Germany

After three years of growth, overseas purchases of electrical musical or keyboard instruments decreased by X% to X units in 2022. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, electrical musical instrument imports fell to $X in 2022. Over the period under review, total imports indicated a perceptible increase from 2012 to 2022: its value 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, imports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electrical musical instrument supplier to Germany, accounting for a X% share of total imports. Moreover, electrical musical instrument imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. The third position in this ranking was held by Indonesia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Indonesia (X% per year).

In value terms, China ($X), the Netherlands ($X) and Indonesia ($X) constituted the largest electrical musical instrument suppliers to Germany, with a combined X% share of total imports. The United States, Japan, Belgium and Vietnam lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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. Overall, the import price, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Vietnam ($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 Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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