Germany: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Germany

The German percussion musical instrument market skyrocketed to $X in 2022, with an increase of 132% against the previous year. In general, consumption, however, showed a noticeable contraction. Percussion musical instrument consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Percussion Musical Instrument Production in Germany

In value terms, percussion musical instrument production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable slump. 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 Germany

Percussion musical instrument exports from Germany fell modestly to X units in 2022, dropping by -1.7% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 59% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, percussion musical instrument exports surged to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), France (X units) and the UK (X units) were the main destinations of percussion musical instrument exports from Germany, with a combined 38% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +6.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for percussion musical instrument exported from Germany were the United States ($X), France ($X) and the UK ($X), with a combined 38% share of total exports.

France, with a CAGR of +13.6%, 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, jumping by 43% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 99%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per unit) and Sweden ($X per unit), while the average price for exports to the UK ($X per unit) and China ($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 Poland (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Germany

For the third year in a row, Germany recorded growth in supplies from abroad of percussion musical instruments, which increased by 91% to X units in 2022. In general, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, percussion musical instrument imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest percussion musical instrument supplier to Germany, with a 37% share of total imports. Moreover, percussion musical instrument imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. Turkey (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+24.1% per year) and Turkey (+23.5% per year).

In value terms, China ($X) constituted the largest supplier of percussion musical instruments to Germany, comprising 37% of total imports. The second position in the ranking was taken by the United States ($X), with a 10% share of total imports. It was followed by Turkey, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.9% per year) and Turkey (+8.4% per year).

Import Prices by Country

In 2022, the average percussion musical instrument import price amounted to $X per unit, falling by -39% against the previous year. In general, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 6.3%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Canada ($X per unit) and India ($X per unit), while the price for Switzerland ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-12.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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