Greece: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Greece

In 2022, the Greek percussion musical instrument market increased by 56% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Percussion Musical Instrument Exports

Exports from Greece

In 2022, percussion musical instrument exports from Greece soared to X units, surging by 27% against 2021. In general, exports, however, saw a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 261%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, percussion musical instrument exports soared to $X in 2022. Overall, exports enjoyed a slight expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 212% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Cyprus (X units), Germany (X units) and the United States (X units) were the main destinations of percussion musical instrument exports from Greece, with a combined 78% share of total exports. Hungary, Romania, Italy and Poland lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +167.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Germany ($X) and Hungary ($X) were the largest markets for percussion musical instrument exported from Greece worldwide, with a combined 81% share of total exports.

Hungary, with a CAGR of +227.0%, recorded the highest growth rate of 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, increasing by 48% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 increased by +53.6% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 52% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to the United States ($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 Hungary (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Greece

In 2022, approx. X units of percussion musical instruments were imported into Greece; rising by 64% on the year before. Over the period under review, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 84%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, percussion musical instrument imports skyrocketed to $X in 2022. In general, total imports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +105.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and South Korea (X units) were the main suppliers of percussion musical instrument imports to Greece, with a combined 61% share of total imports. Turkey, the Netherlands, the United States, the UK and Egypt lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +63.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and South Korea ($X) appeared to be the largest percussion musical instrument suppliers to Greece, with a combined 61% share of total imports. Turkey, the Netherlands, the United States, the UK and Egypt lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Egypt, with a CAGR of +43.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average percussion musical instrument import price amounted to $X per unit, with a decrease of -14% against the previous year. Overall, the import price faced a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. The import price peaked 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 the Netherlands ($X per unit) and the United States ($X per unit), while the price for the UK ($X per unit) and Egypt ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-12.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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