Netherlands: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in the Netherlands

The Dutch percussion musical instrument market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption showed a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Percussion Musical Instrument Production in the Netherlands

In value terms, percussion musical instrument production contracted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Percussion Musical Instrument Exports

Exports from the Netherlands

In 2022, percussion musical instrument exports from the Netherlands declined sharply to X units, with a decrease of -41% compared with the year before. Over the period under review, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, percussion musical instrument exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the United States (X units) and France (X units) were the main destinations of percussion musical instrument exports from the Netherlands, with a combined 53% share of total exports. The UK, Italy, Belgium, China, Spain, Taiwan (Chinese), Sweden, Switzerland, Poland and Norway lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +5.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and France ($X) appeared to be the largest markets for percussion musical instrument exported from the Netherlands worldwide, together comprising 53% of total exports. The UK, Italy, Belgium, China, Spain, Taiwan (Chinese), Sweden, Switzerland, Poland and Norway lagged somewhat behind, together accounting for a further 30%.

Spain, with a CAGR of +11.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average percussion musical instrument export price stood at $X per unit in 2022, growing by 64% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. 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.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Norway ($X per unit) and Spain ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and Belgium ($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 Norway (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into the Netherlands

Percussion musical instrument imports into the Netherlands skyrocketed to X units in 2022, increasing by 114% on 2021 figures. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, percussion musical instrument imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of percussion musical instrument to the Netherlands, with a 35% share of total imports. Moreover, percussion musical instrument imports from China exceeded the figures recorded by the second-largest supplier, Canada (X units), threefold. The third position in this ranking was held by the United States (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+83.0% per year) and the United States (+13.3% per year).

In value terms, China ($X) constituted the largest supplier of percussion musical instruments to the Netherlands, comprising 35% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+55.6% per year) and the United States (-3.7% per year).

Import Prices by Country

The average percussion musical instrument import price stood at $X per unit in 2022, reducing by -49% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 5.3% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and China ($X per unit), while the price for Indonesia ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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