Tunisia: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Tunisia

The Tunisian percussion musical instrument market dropped rapidly to $X in 2022, with a decrease of -19.3% 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). In general, consumption continues to indicate a abrupt decrease. Percussion musical instrument consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Percussion Musical Instrument Exports

Exports from Tunisia

After six years of growth, shipments abroad of percussion musical instruments decreased by -14.8% to X units in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2017 when exports increased by 100% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, percussion musical instrument exports contracted sharply to $X in 2022. In general, exports continue to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 121% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for percussion musical instrument exports from Tunisia, with a 94% share of total exports. Moreover, percussion musical instrument exports to the United Arab Emirates exceeded the volume sent to the second major destination, Italy (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +78.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+28.2% per year) and China (-20.6% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for percussion musical instruments exports from Tunisia, comprising 91% of total exports. The second position in the ranking was taken by Italy ($X), with a 3.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +45.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+14.2% per year) and China (-40.6% per year).

Export Prices by Country

In 2022, the average percussion musical instrument export price amounted to $X per unit, therefore, remained relatively stable against the previous year. In general, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2017 an increase of 11%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-10.9%), while the prices for the other major destinations experienced a decline.

Percussion Musical Instrument Imports

Imports into Tunisia

In 2022, percussion musical instrument imports into Tunisia fell notably to X units, which is down by -16% compared with the previous year. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 69% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, percussion musical instrument imports reduced sharply to $X in 2022. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 81% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), China (X units) and the Netherlands (X units) were the main suppliers of percussion musical instrument imports to Tunisia, together comprising 59% of total imports. The United Arab Emirates, Turkey, France, Taiwan (Chinese), Canada and Egypt lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +57.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of percussion musical instruments to Tunisia, comprising 30% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by Turkey, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-10.6% per year) and Turkey (+31.2% per year).

Import Prices by Country

In 2022, the average percussion musical instrument import price amounted to $X per unit, declining by -7.5% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, percussion musical instrument import price decreased by -14.9% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by 124% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform