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Hong Kong SAR, China - Percussion Musical Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPercussion Musical Instrument Price in Hong Kong SAR - 2023
Contents:
- Percussion Musical Instrument Price in Hong Kong SAR (CIF) - 2022
- Percussion Musical Instrument Price in Hong Kong SAR (FOB) - 2022
- Percussion Musical Instrument Imports in Hong Kong SAR
- Percussion Musical Instrument Exports in Hong Kong SAR
Percussion Musical Instrument Price in Hong Kong SAR (CIF) - 2022
The average percussion musical instrument import price stood at $74 per unit in 2022, picking up by 84% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($803 per unit), while the price for China ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Percussion Musical Instrument Price in Hong Kong SAR (FOB) - 2022
In 2022, the average percussion musical instrument export price amounted to $5.6 per unit, increasing by 20% against the previous year. Over the period under review, the export price showed a mild expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $12 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($50 per unit), while the average price for exports to the United States ($2 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 China (+6.8%), while the prices for the other major destinations experienced mixed trend patterns.
Percussion Musical Instrument Imports in Hong Kong SAR
In 2022, approx. 50K units of percussion musical instruments were imported into Hong Kong SAR; waning by -56.1% on 2021. Over the period under review, imports faced a dramatic slump. The smallest decline of -0.9% was in 2021. Over the period under review, imports reached the maximum at 164K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, percussion musical instrument imports dropped remarkably to $3.7M in 2022. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 3.5%. As a result, imports attained the peak of $4.6M, and then declined dramatically in the following year.
Import of Percussion Musical Instrument in Hong Kong SAR (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 595 | 995 | 1,109 | 1,563 | 38.0% |
United States | 1,199 | 713 | 959 | 835 | -11.4% |
China | 935 | 1,076 | 874 | 394 | -25.0% |
Taiwan (Chinese) | 275 | 146 | 217 | 198 | -10.4% |
Japan | 317 | 242 | 284 | 197 | -14.7% |
Germany | 226 | 88.1 | 204 | 130 | -16.8% |
Others | 730 | 1,136 | 905 | 355 | -21.4% |
Total | 4,278 | 4,396 | 4,551 | 3,672 | -5.0% |
Top Suppliers of Percussion Musical Instrument to Hong Kong SAR in 2022:
- China (25.4K units)
- Taiwan (Chinese) (9.0K units)
- United States (8.6K units)
- Germany (2.2K units)
- Malaysia (1.9K units)
- Japan (1.1K units)
Percussion Musical Instrument Exports in Hong Kong SAR
In 2022, approx. 114K units of percussion musical instruments were exported from Hong Kong SAR; shrinking by -30.3% against the year before. Overall, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs at 226K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, percussion musical instrument exports reduced sharply to $637K in 2022. Over the period under review, exports showed a significant curtailment. Over the period under review, the exports reached the peak figure at $1.6M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Percussion Musical Instrument in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 810 | 161 | 382 | 137 | -44.7% |
China | 404 | 991 | 170 | 119 | -33.5% |
Slovenia | N/A | N/A | N/A | 76.8 | 0% |
Germany | 58.7 | 9.1 | 21.2 | 60.1 | 0.8% |
United Kingdom | 44.6 | 17.5 | 24.6 | 50.0 | 3.9% |
France | 11.7 | 18.2 | 11.4 | 31.2 | 38.7% |
Others | 284 | 121 | 151 | 163 | -16.9% |
Total | 1,614 | 1,318 | 760 | 637 | -26.6% |
Top Export Markets for Percussion Musical Instrument from Hong Kong SAR in 2022:
- United States (69.1K units)
- Slovenia (24.3K units)
- United Kingdom (8.5K units)
- France (2.7K units)
- China (2.4K units)
- Germany (2.3K units)
This report provides an in-depth analysis of the percussion musical instrument market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the percussion musical instrument market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global percussion musical instrument market.
This report provides an in-depth analysis of the percussion musical instrument market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global percussion musical instrument market.
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