Report Update Nov 1, 2024

Spain - Percussion Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Spain: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Spain

The Spanish percussion musical instrument market reduced notably to $X in 2022, which is down by -85.8% against the previous year. Over the period under review, consumption recorded a deep slump. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Percussion Musical Instrument Production in Spain

In value terms, percussion musical instrument production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a prominent increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Percussion Musical Instrument Exports

Exports from Spain

In 2022, overseas shipments of percussion musical instruments decreased by -16.7% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 38% against the previous year. The exports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, percussion musical instrument exports dropped notably to $X in 2022. In general, exports, however, showed a pronounced increase. The growth pace was the most rapid in 2019 when exports increased by 50% against the previous year. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Italy (X units) was the main destination for percussion musical instrument exports from Spain, accounting for a 47% share of total exports. Moreover, percussion musical instrument exports to Italy exceeded the volume sent to the second major destination, Portugal (X units), threefold. The third position in this ranking was held by Germany (X units), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +21.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-3.8% per year) and Germany (-3.1% per year).

In value terms, Italy ($X) remains the key foreign market for percussion musical instruments exports from Spain, comprising 47% of total exports. The second position in the ranking was taken by Portugal ($X), with a 17% share of total exports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (-3.2% per year) and Germany (-2.5% per year).

Export Prices by Country

In 2022, the average percussion musical instrument export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 14% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per unit) and the United States ($X per unit), while the average price for exports to Switzerland ($X per unit) and France ($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 the UK (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Spain

In 2022, imports of percussion musical instruments into Spain shrank remarkably to less than X units, waning by 99.9% against 2021. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2021, and then shrank dramatically in the following year.

In value terms, percussion musical instrument imports expanded notably to $X in 2022. Overall, imports showed a perceptible contraction. The growth pace was the most rapid in 2014 when imports increased by 33% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for percussion musical instruments in the world?

China remains the largest percussion musical instrument consuming country worldwide, comprising approx. 21% of total volume. Moreover, percussion musical instrument consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of percussion musical instruments in the world?

China constituted the country with the largest volume of percussion musical instrument production, comprising approx. 33% of total volume. Moreover, percussion musical instrument production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6% share.

What are the leading suppliers of percussion musical instruments to Spain?

In value terms, Germany constituted the largest supplier of percussion musical instrument to Spain, comprising 45% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports. It was followed by France, with an 8.7% share.

What are the leading importers of percussion musical instruments from Spain?

In value terms, Italy remains the key foreign market for percussion musical instrument exports from Spain, comprising 49% of total exports. The second position in the ranking was occupied by Portugal, with a 15% share of total exports. It was followed by Germany, with a 9.4% share.

What is the average export price for percussion musical instruments in Spain?

In 2021, the average percussion musical instrument export price amounted to $30 per unit, remaining stable against the previous year.

What is the average import price for percussion musical instruments in Spain?

The average percussion musical instrument import price stood at $25 per unit in 2021, jumping by 30% against the previous year.

This report provides an in-depth analysis of the percussion musical instrument market in Spain. 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 32201510 - Percussion musical instruments

Country coverage:

Spain

Data coverage:

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