Middle East: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in the Middle East

The Middle Eastern percussion musical instrument market surged to $X in 2022, jumping by 24% against the previous year. In general, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Percussion Musical Instrument Production in the Middle East

In value terms, percussion musical instrument production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Percussion Musical Instrument Exports

Exports in the Middle East

In 2022, percussion musical instrument exports in the Middle East declined sharply to X units, which is down by -38.1% against the previous year's figure. Over the period under review, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 143%. As a result, the exports attained the peak of X units, and then reduced notably in the following year.

In value terms, percussion musical instrument exports expanded markedly to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +40.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, accounting for X units, which was approx. 87% of total exports in 2022. It was distantly followed by Israel (X units), comprising a 7.7% share of total exports. Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to percussion musical instrument exports from Turkey stood at -4.4%. At the same time, Iran (+13.8%) and Israel (+5.1%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +13.8% from 2012-2022. Israel (+4.6 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest percussion musical instrument supplier in the Middle East, comprising 88% of total exports. The second position in the ranking was held by Israel ($X), with a 7.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+21.0% per year) and Iran (+27.1% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, picking up by 74% against the previous year. Over the period under review, the export price recorded a resilient increase. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+15.2%), while the other leaders experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports in the Middle East

Percussion musical instrument imports expanded to X units in 2022, growing by 4.7% on the previous year's figure. In general, imports, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2014 with an increase of 28%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, percussion musical instrument imports totaled $X in 2022. Overall, imports, however, showed a slight contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 15%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Israel (X units) and the United Arab Emirates (X units) dominates imports structure, together creating 80% of total imports. It was distantly followed by Turkey (X units), achieving a 9.8% share of total imports. Iraq (X units), Bahrain (X units) and Kuwait (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +12.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest percussion musical instrument importing markets in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), together accounting for 86% of total imports.

Israel, with a CAGR of +3.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, which is down by -1.6% against the previous year. Import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 -27.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 30% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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