SADC: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in SADC

The SADC electrical musical instrument market rose significantly to $X in 2022, surging by X% against the previous year. Overall, consumption saw noticeable growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Electrical Musical Instrument Production in SADC

In value terms, electrical musical instrument production expanded remarkably to $X in 2022 estimated in export price. In general, production showed tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Electrical Musical Instrument Exports

Exports in SADC

In 2022, overseas shipments of electrical musical or keyboard instruments were finally on the rise to reach X units after two years of decline. In general, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, electrical musical instrument exports soared to $X in 2022. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. Namibia (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electrical musical instrument exports from South Africa stood at X%. At the same time, Namibia (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of South Africa (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest electrical musical instrument supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Namibia ($X), with a X% share of total exports.

In South Africa, electrical musical instrument exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, growing by X% against the previous year. Overall, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Namibia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Electrical Musical Instrument Imports

Imports in SADC

In 2022, electrical musical instrument imports in SADC soared to X units, growing by X% compared with the year before. Overall, imports, however, saw a mild descent. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electrical musical instrument imports fell modestly to $X in 2022. In general, imports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, accounting for X units, which was near X% of total imports in 2022. Mauritius (X units) ranks second in terms of the total imports with an X% share, followed by Democratic Republic of the Congo (X%). Botswana (X units), Tanzania (X units) and Madagascar (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electrical musical instrument imports into South Africa stood at X%. At the same time, Democratic Republic of the Congo (X%), Madagascar (X%) and Tanzania (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Mauritius (X%) and Botswana (X%) illustrated a downward trend over the same period. South Africa (X p.p.) and Democratic Republic of the Congo (X p.p.) significantly strengthened its position in terms of the total imports, while Mauritius and Botswana saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electrical musical or keyboard instruments in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports. It was followed by Madagascar, with a X% share.

In South Africa, electrical musical instrument imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Tanzania (X% per year) and Madagascar (X% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, waning by X% against the previous year. In general, the import price saw a mild downturn. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform