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Philippines - Percussion Musical Instruments - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPercussion Musical Instrument Price in the Philippines - 2023
Contents:
- Percussion Musical Instrument Price in the Philippines (CIF) - 2022
- Percussion Musical Instrument Price in the Philippines (FOB) - 2022
- Percussion Musical Instrument Imports in the Philippines
- Percussion Musical Instrument Exports in the Philippines
Percussion Musical Instrument Price in the Philippines (CIF) - 2022
The average percussion musical instrument import price stood at $24 per unit in 2022, which is down by -10.7% against the previous year. In general, the import price, however, posted a slight increase. The pace of growth appeared the most rapid in 2018 an increase of 186%. Over the period under review, average import prices reached the maximum at $66 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 Thailand ($102 per unit), while the price for the United States ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Percussion Musical Instrument Price in the Philippines (FOB) - 2022
The average percussion musical instrument export price stood at $99 per unit in 2022, growing by 171% against the previous year. Over the period under review, the export price showed a remarkable increase. The growth pace was the most rapid in 2018 when the average export price increased by 764%. The export price peaked at $167 per unit in 2015; however, from 2016 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 Solomon Islands ($295 per unit), while the average price for exports to Malaysia ($0.7 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 Malaysia (+6.9%), while the prices for the other major destinations experienced a decline.
Percussion Musical Instrument Imports in the Philippines
In 2022, approx. 48K units of percussion musical instruments were imported into the Philippines; rising by 3.8% on 2021. In general, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 119%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, percussion musical instrument imports shrank to $1.2M in 2022. Overall, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs at $2.1M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Percussion Musical Instrument in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,593 | 865 | 1,047 | 886 | -17.8% |
United States | 138 | 74.6 | 95.9 | 127 | -2.7% |
Thailand | 15.6 | N/A | 28.9 | 79.1 | 71.8% |
Malaysia | 103 | 5.6 | 1.1 | 9.0 | -55.6% |
Others | 238 | 69.4 | 93.0 | 72.5 | -32.7% |
Total | 2,086 | 1,015 | 1,266 | 1,174 | -17.4% |
Top Suppliers of Percussion Musical Instrument to the Philippines in 2022:
- China (36.2K units)
- United States (10.1K units)
- Thailand (0.8K units)
- Malaysia (0.2K units)
Percussion Musical Instrument Exports in the Philippines
For the third consecutive year, the Philippines recorded decline in shipments abroad of percussion musical instruments, which decreased by -3.5% to 192 units in 2022. Over the period under review, exports faced a sharp descent. Over the period under review, the exports hit record highs at 9.5K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, percussion musical instrument exports surged to $19K in 2022. Overall, exports faced a precipitous contraction. Over the period under review, the exports hit record highs at $166K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Percussion Musical Instrument in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Solomon Islands | N/A | N/A | N/A | 16.8 | 0% |
United Kingdom | 2.7 | N/A | N/A | 2.1 | -8.0% |
Malaysia | 0.5 | N/A | N/A | 0.1 | -41.5% |
Marshall Islands | N/A | 0.4 | N/A | N/A | 0% |
China | 5.0 | N/A | 2.4 | N/A | -30.7% |
Japan | 157 | N/A | N/A | N/A | 0% |
Others | 1.0 | 7.6 | 4.9 | N/A | 121.4% |
Total | 166 | 8.1 | 7.3 | 18.9 | -51.5% |
Top Export Markets for Percussion Musical Instrument from the Philippines in 2022:
- Malaysia (115.0 units)
- Solomon Islands (57.0 units)
- United Kingdom (20.0 units)
This report provides an in-depth analysis of the percussion musical instrument market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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 the Philippines.
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 the Philippines.
This report provides an in-depth analysis of the global percussion musical instrument market.
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