Uganda: Percussion Musical Instrument Market 2024

Percussion Musical Instrument Market Size in Uganda

The Ugandan percussion musical instrument market rose notably to $X in 2022, surging by 11% against the previous year. Overall, consumption, however, recorded a abrupt slump. Percussion musical instrument consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Percussion Musical Instrument Production in Uganda

In value terms, percussion musical instrument production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 62%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Percussion Musical Instrument Exports

Exports from Uganda

In 2022, after five years of growth, there was significant decline in overseas shipments of percussion musical instruments, when their volume decreased by -82.2% to X units. Overall, exports, however, posted notable growth. The most prominent rate of growth was recorded in 2013 when exports increased by 275% against the previous year. The exports peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, percussion musical instrument exports declined to $X in 2022. In general, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 189% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X units), Tanzania (X units) and Germany (X units) were the main destinations of percussion musical instrument exports from Uganda, with a combined 69% share of total exports. Australia, Democratic Republic of the Congo, Ireland, the Czech Republic, Canada and Rwanda lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +128.9%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Tanzania ($X) and Democratic Republic of the Congo ($X) appeared to be the largest markets for percussion musical instrument exported from Uganda worldwide, with a combined 76% share of total exports. Ireland, the Czech Republic, Australia, Rwanda, Germany and Canada lagged somewhat behind, together comprising a further 11%.

The Czech Republic, with a CAGR of +113.2%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average percussion musical instrument export price amounted to $X per unit, rising by 380% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Rwanda ($X per unit), while the average price for exports to Germany ($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 the UK (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Percussion Musical Instrument Imports

Imports into Uganda

After two years of decline, overseas purchases of percussion musical instruments increased by 175% to X units in 2022. Over the period under review, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 287%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, percussion musical instrument imports skyrocketed to $X in 2022. In general, imports, however, showed a mild decline. The pace of growth appeared the most rapid in 2013 when imports increased by 226% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest percussion musical instrument supplier to Uganda, accounting for a 66% share of total imports. Moreover, percussion musical instrument imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), eightfold. Germany (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (0.0% per year) and Germany (+20.6% per year).

In value terms, China ($X) constituted the largest supplier of percussion musical instruments to Uganda, comprising 80% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.2% share of total imports. It was followed by the United Arab Emirates, with a 3.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.8% per year) and the United Arab Emirates (-2.7% per year).

Import Prices by Country

The average percussion musical instrument import price stood at $X per unit in 2022, flattening at the previous year. Overall, the import price saw tangible growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 116%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform