Kenya: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Kenya

The Kenyan percussion musical instrument market was estimated at $X in 2022, remaining constant against the previous year. Overall, consumption saw a perceptible downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Percussion Musical Instrument Production in Kenya

In value terms, percussion musical instrument production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 when the production volume increased by 54%. Percussion musical instrument production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Percussion Musical Instrument Exports

Exports from Kenya

Percussion musical instrument exports from Kenya fell notably to X units in 2022, which is down by -44.6% compared with the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 360%. 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 fell dramatically to $X in 2022. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 276%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Exports by Country

Germany (X units), the United States (X units) and Burundi (X units) were the main destinations of percussion musical instrument exports from Kenya, together comprising 72% of total exports.

From 2012 to 2022, the biggest increases were recorded for Burundi (with a CAGR of +75.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for percussion musical instruments exports from Kenya, comprising 46% of total exports. The second position in the ranking was taken by Burundi ($X), with a 15% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (+93.2% per year) and Germany (+8.3% per year).

Export Prices by Country

The average percussion musical instrument export price stood at $X per unit in 2022, growing by 18% against the previous year. Overall, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 44%. 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.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to France ($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 the United Arab Emirates (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Kenya

In 2022, imports of percussion musical instruments into Kenya contracted rapidly to X units, with a decrease of -37.5% compared with the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 307% against the previous year. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, percussion musical instrument imports declined dramatically to $X in 2022. Overall, imports, however, showed slight growth. The pace of growth appeared the most rapid in 2021 when imports increased by 216%. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of percussion musical instrument to Kenya, accounting for a 86% share of total imports. Moreover, percussion musical instrument imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+41.4% per year) and Thailand (-13.2% per year).

In value terms, China ($X) constituted the largest supplier of percussion musical instruments to Kenya, comprising 56% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+39.5% per year) and Thailand (+0.5% per year).

Import Prices by Country

The average percussion musical instrument import price stood at $X per unit in 2022, growing by 5.3% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 import price decreased by -28.9% against 2017 indices. The pace of growth was the most pronounced in 2017 an increase of 89%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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