Report Update Nov 1, 2024

Libya - Percussion Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Libya: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Libya

The Libyan percussion musical instrument market rose modestly to $X in 2022, growing by 1.5% against the previous year. Overall, consumption, however, continues to indicate a abrupt decrease. Percussion musical instrument consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Percussion Musical Instrument Production in Libya

In value terms, percussion musical instrument production expanded to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 22% against the previous year. Percussion musical instrument production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Percussion Musical Instrument Exports

Exports from Libya

Percussion musical instrument exports from Libya fell significantly to X units in 2017, shrinking by -33.3% on the year before. Overall, exports continue to indicate a precipitous curtailment. The exports peaked at X units in 2016, and then fell remarkably in the following year.

In value terms, percussion musical instrument exports stood at $X in 2017. In general, exports showed a relatively flat trend pattern. The exports peaked in 2017 and are expected to retain growth in the near future.

Exports by Country

Ghana (X units) was the main destination for percussion musical instrument exports from Libya, accounting for a approx. 100% share of total exports.

From 2016 to 2017, the average annual rate of growth in terms of volume to Ghana stood at -33.3%.

In value terms, Ghana ($X) also remains the key foreign market for percussion musical instruments exports from Libya.

From 2016 to 2017, the average annual rate of growth in terms of value to Ghana was relatively modest.

Export Prices by Country

The average percussion musical instrument export price stood at $X per unit in 2017, picking up by 50% against the previous year. Over the period under review, export price indicated a significant increase from 2016 to 2017: its price increased at an average annual rate of +50.0% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2016 to 2017, the rate of growth in terms of prices for Ghana amounted to +50.0% per year.

Percussion Musical Instrument Imports

Imports into Libya

In 2022, the amount of percussion musical instruments imported into Libya fell rapidly to X units, dropping by -41.6% compared with 2021 figures. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 493% against the previous year. As a result, imports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, percussion musical instrument imports shrank remarkably to $X in 2022. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 497%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of percussion musical instrument to Libya, with a 88% share of total imports. Moreover, percussion musical instrument imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+37.8% per year) and Tunisia (-32.4% per year).

In value terms, China ($X) constituted the largest supplier of percussion musical instruments to Libya, comprising 62% of total imports. The second position in the ranking was taken by Turkey ($X), with a 29% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+28.9% per year) and Tunisia (-12.2% per year).

Import Prices by Country

In 2022, the average percussion musical instrument import price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 an increase of 26% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tunisia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+29.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for percussion musical instruments in the world?

China constituted the country with the largest volume of percussion musical instrument consumption, accounting for 21% of total volume. Moreover, percussion musical instrument consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the largest producers of percussion musical instruments in the world?

The country with the largest volume of percussion musical instrument production was China, comprising approx. 33% of total volume. Moreover, percussion musical instrument production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 6% share.

What are the leading suppliers of percussion musical instruments to Libya?

In value terms, the largest percussion musical instrument suppliers to Libya were Tunisia, China and Turkey, with a combined 95% share of total imports.

What are the leading importers of percussion musical instruments from Libya?

In value terms, Ghana $579) remains the key foreign market for percussion musical instrument exports from Libya.

What is the average export price for percussion musical instruments in Libya?

The average percussion musical instrument export price stood at $72 per unit in 2017, rising by 50% against the previous year.

What is the average import price for percussion musical instruments in Libya?

The average percussion musical instrument import price stood at $25 per unit in 2021, dropping by -4.8% against the previous year.

This report provides an in-depth analysis of the percussion musical instrument market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32201510 - Percussion musical instruments

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023