Report Update Nov 1, 2024

Morocco - Keyboard Stringed Instruments - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Morocco: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Exports

Exports from Morocco

For the third consecutive year, Morocco recorded growth in overseas shipments of keyboard stringed instruments, which increased by 50% to X units in 2022. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 100% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, keyboard stringed instrument exports expanded modestly to $X in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 3,381% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for keyboard stringed instrument exports from Morocco, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for keyboard stringed instruments exports from Morocco, comprising 98% of total exports. The second position in the ranking was taken by France ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

In 2022, the average keyboard stringed instrument export price amounted to $X per unit, reducing by -37.7% against the previous year. Overall, the export price recorded a mild reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 484%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-1.6%).

Keyboard Stringed Instrument Imports

Imports into Morocco

After two years of growth, overseas purchases of keyboard stringed instruments decreased by -14.9% to X units in 2022. Overall, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 65%. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, keyboard stringed instrument imports dropped to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 199% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X units) constituted the largest supplier of keyboard stringed instrument to Morocco, accounting for a 87% share of total imports. Moreover, keyboard stringed instrument imports from Indonesia exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. France (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +50.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+24.6% per year) and France (+17.5% per year).

In value terms, Indonesia ($X) constituted the largest supplier of keyboard stringed instruments to Morocco, comprising 96% of total imports. The second position in the ranking was held by France ($X), with a 2.1% share of total imports. It was followed by Spain, with a 0.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at +86.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.3% per year) and Spain (+26.4% per year).

Import Prices by Country

The average keyboard stringed instrument import price stood at $X per unit in 2022, growing by 11% against the previous year. Overall, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 110%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for keyboard stringed instruments in the world?

The countries with the highest volumes of in 2021 were South Korea, Indonesia and Japan, together accounting for 78% of global consumption.

What are the largest producers of keyboard stringed instruments in the world?

The countries with the highest volumes of in 2021 were South Korea, Indonesia and Japan, together comprising 87% of global production. These countries were followed by the United Arab Emirates and the UK, which together accounted for a further 4.1%.

What are the leading suppliers of keyboard stringed instruments to Morocco?

In value terms, the United Arab Emirates, Indonesia and China were the largest keyboard stringed instrument suppliers to Morocco, together accounting for 92% of total imports.

What are the leading importers of keyboard stringed instruments from Morocco?

In value terms, Cote d'Ivoire $912) remains the key foreign market for keyboard stringed instrument exports from Morocco.

What is the average export price for keyboard stringed instruments in Morocco?

In 2021, the average keyboard stringed instrument export price amounted to $15,458 per ton, surging by 16% against the previous year.

What is the average import price for keyboard stringed instruments in Morocco?

The average keyboard stringed instrument import price stood at $12,656 per ton in 2021, reducing by -19.7% against the previous year.

This report provides an in-depth analysis of the keyboard stringed instrument market in Morocco. 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 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
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