Switzerland: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Switzerland

The Swiss percussion musical instrument market skyrocketed to $X in 2022, picking up by 53% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a mild setback. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Percussion Musical Instrument Exports

Exports from Switzerland

Percussion musical instrument exports from Switzerland declined to X units in 2022, waning by -6.2% compared with 2021. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, percussion musical instrument exports contracted to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Germany (X units) and the UK (X units) were the main destinations of percussion musical instrument exports from Switzerland, with a combined 83% share of total exports. Australia, Japan, France and Italy lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +9.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for percussion musical instrument exported from Switzerland were the United States ($X), Germany ($X) and the UK ($X), together accounting for 84% of total exports. Australia, Japan, France and Italy lagged somewhat behind, together accounting for a further 9%.

Among the main countries of destination, Australia, with a CAGR of +3.2%, 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

The average percussion musical instrument export price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and France ($X per unit), while the average price for exports to Italy ($X per unit) and Japan ($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 United States (-0.6%), while the prices for the other major destinations experienced a decline.

Percussion Musical Instrument Imports

Imports into Switzerland

After two years of decline, supplies from abroad of percussion musical instruments increased by 16% to X units in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, percussion musical instrument imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.6% 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 2018 when imports increased by 14%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of percussion musical instrument imports to Switzerland, together comprising 62% of total imports. France, Nepal, India, Taiwan (Chinese) and Turkey lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +15.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest percussion musical instrument suppliers to Switzerland were Germany ($X), China ($X) and the United States ($X), together comprising 62% of total imports. France, Turkey, Taiwan (Chinese), Nepal and India lagged somewhat behind, together comprising a further 18%.

India, with a CAGR of +14.7%, saw the highest rates of growth with regard to 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

In 2022, the average percussion musical instrument import price amounted to $X per unit, falling by -10.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. The import price peaked at $X per unit in 2021, and then fell in the following year.

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 Turkey ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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