Morocco: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Morocco

The Moroccan percussion musical instrument market rose sharply to $X in 2022, growing by 13% against the previous year. Overall, consumption, however, saw a noticeable slump. Percussion musical instrument consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Percussion Musical Instrument Production in Morocco

In value terms, percussion musical instrument production amounted to $X in 2022 estimated in export price. In general, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 51% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Percussion Musical Instrument Exports

Exports from Morocco

In 2022, shipments abroad of percussion musical instruments increased by 18% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 54% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, percussion musical instrument exports skyrocketed to $X in 2022. Overall, exports saw pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 96%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Canada (X units) and the United States (X units) were the main destinations of percussion musical instrument exports from Morocco, with a combined 76% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +29.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for percussion musical instrument exported from Morocco were Germany ($X), Canada ($X) and Saudi Arabia ($X), with a combined 76% share of total exports.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +70.7%, saw the highest rates of growth with regard to the value of exports, 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, leveling off at the previous year. In general, the export price, however, saw buoyant growth. The growth pace was the most rapid in 2017 when the average export price increased by 63% against the previous year. The export price peaked at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Burkina Faso ($X per unit) and Saudi Arabia ($X per unit), while the average price for exports to the United States ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Morocco

In 2022, supplies from abroad of percussion musical instruments was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, percussion musical instrument imports surged to $X in 2022. Overall, imports, however, continue to indicate a slight curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 73%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Egypt (X units) and Taiwan (Chinese) (X units) were the main suppliers of percussion musical instrument imports to Morocco, together accounting for 71% of total imports. Japan, Thailand, Spain, Germany and Indonesia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +61.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest percussion musical instrument suppliers to Morocco were China ($X), Egypt ($X) and Taiwan (Chinese) ($X), together comprising 65% of total imports. Japan, Spain, Thailand, Germany and Indonesia lagged somewhat behind, together comprising a further 28%.

Japan, with a CAGR of +58.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average percussion musical instrument import price stood at $X per unit in 2022, falling by -37.9% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Spain ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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