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The 2007-2012 World Outlook for Musical Instrument Manufacturing - Product Image

The 2007-2012 World Outlook for Musical Instrument Manufacturing

  • ID: 512957
  • May 2006
  • Region: Global
  • 188 pages
  • ICON Group International

WHAT IS LATENT DEMAND AND THE P.I.E.?

The concept of latent demand is rather subtle. The term latent typically refers to something that is dormant, not observable, or not yet realized. Demand is the notion of an economic quantity that a target population or market requires under different assumptions of price, quality, and distribution, among other factors. Latent demand, therefore, is commonly defined by economists as the industry earnings of a market when that market becomes accessible and attractive to serve by competing firms. It is a measure, therefore, of potential industry earnings (P.I.E.) or total revenues (not profit) if a market is served in an efficient manner. It is typically expressed as the total revenues potentially extracted by firms. The “market” is defined at a given level in the value chain. There can be latent demand at the retail level, at the wholesale level, the manufacturing level, and the raw materials level (the P.I.E. of higher levels of the value chain being always smaller than the P.I.E. of levels at lower levels of the same value chain, assuming all levels maintain minimum profitability).

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1 INTRODUCTION 10
1.1 Overview 10
1.2 What is Latent Demand and the P.I.E.? 10
1.3 The Methodology 11
1.3.1 Step 1. Product Definition and Data Collection 12
1.3.2 Step 2. Filtering and Smoothing 16
1.3.3 Step 3. Filling in Missing Values 16
1.3.4 Step 4. Varying Parameter, Non-linear Estimation 17
1.3.5 Step 5. Fixed-Parameter Linear Estimation 17
1.3.6 Step 6. Aggregation and Benchmarking 18
1.3.7 Step 7. Latent Demand Density: Allocating Across Cities 18
2 SUMMARY OF FINDINGS 19
2.1 The Worldwide Market Potential 19
3 AFRICA, EUROPE & THE MIDDLE EAST 21
3.1 Executive Summary 21
3.2 Afghanistan 22
3.3 Albania 23
3.4 Algeria 24
3.5 Andorra 25
3.6 Angola 25
3.7 Armenia 26
3.8 Austria 27
3.9 Azerbaijan 28
3.10 Bahrain 29
3.11 Belarus 29
3.12 Belgium 30
3.13 Benin 31
3.14 Bosnia and Herzegovina 32
3.15 Botswana 32
3.16 Bulgaria 33
3.17 Burkina Faso 34
3.18 Burundi 35
3.19 Cameroon 35
3.20 Cape Verde 36
3.21 Central African Republic 37
3.22 Chad 37
3.23 Comoros 38
3.24 Congo (formerly Zaire) 39
3.25 Cote dIvoire 40
3.26 Croatia 40
3.27 Cyprus 41
3.28 Czech Republic 42
3.29 Denmark 42
3.30 Djibouti 43
3.31 Egypt 44
3.32 Equatorial Guinea 45
3.33 Estonia 45
3.34 Ethiopia 46
3.35 Finland 47
3.36 France 48
3.37 Gabon 49
3.38 Georgia 49
3.39 Germany 50
3.40 Ghana 51
3.41 Greece 51
3.42 Guinea 52
3.43 Guinea-Bissau 53
3.44 Hungary 53
3.45 Iceland 54
3.46 Iran 55
3.47 Iraq 56
3.48 Ireland 57
3.49 Israel 57
3.50 Italy 58
3.51 Jordan 59
3.52 Kazakhstan 60
3.53 Kenya 61
3.54 Kuwait 62
3.55 Kyrgyzstan 63
3.56 Latvia 63
3.57 Lebanon 64
3.58 Lesotho 65
3.59 Liberia 65
3.60 Libya 66
3.61 Liechtenstein 67
3.62 Lithuania 67
3.63 Luxembourg 68
3.64 Madagascar 69
3.65 Malawi 69
3.66 Mali 70
3.67 Malta 71
3.68 Mauritania 71
3.69 Mauritius 72
3.70 Moldova 73
3.71 Monaco 73
3.72 Morocco 74
3.73 Mozambique 75
3.74 Namibia 75
3.75 Netherlands 76
3.76 Niger 77
3.77 Nigeria 77
3.78 Norway 78
3.79 Oman 79
3.80 Pakistan 80
3.81 Palestine 81
3.82 Poland 81
3.83 Portugal 82
3.84 Qatar 83
3.85 Republic of Congo 83
3.86 Reunion 84
3.87 Romania 85
3.88 Russia 86
3.89 Rwanda 87
3.90 San Marino 87
3.91 Sao Tome E Principe 88
3.92 Saudi Arabia 89
3.93 Senegal 90
3.94 Sierra Leone 90
3.95 Slovakia 91
3.96 Slovenia 92
3.97 Somalia 92
3.98 South Africa 93
3.99 Spain 94
3.100 Sudan 95
3.101 Swaziland 95
3.102 Sweden 96
3.103 Switzerland 97
3.104 Syrian Arab Republic 98
3.105 Tajikistan 99
3.106 Tanzania 100
3.107 The Gambia 100
3.108 Togo 101
3.109 Tunisia 102
3.110 Turkey 102
3.111 Turkmenistan 103
3.112 Uganda 104
3.113 Ukraine 104
3.114 United Arab Emirates 105
3.115 United Kingdom 106
3.116 Uzbekistan 107
3.117 Western Sahara 108
3.118 Yemen 108
3.119 Zambia 109
3.120 Zimbabwe 110
4 ASIA 111
4.1 Executive Summary 111
4.2 Bangladesh 112
4.3 Bhutan 113
4.4 Brunei 114
4.5 Burma 114
4.6 Cambodia 115
4.7 China 116
4.8 Hong Kong 117
4.9 India 117
4.10 Indonesia 118
4.11 Japan 119
4.12 Laos 120
4.13 Macau 121
4.14 Malaysia 122
4.15 Maldives 123
4.16 Mongolia 123
4.17 Nepal 124
4.18 North Korea 125
4.19 Papua New Guinea 126
4.20 Philippines 126
4.21 Seychelles 127
4.22 Singapore 128
4.23 South Korea 128
4.24 Sri Lanka 129
4.25 Taiwan 130
4.26 Thailand 131
4.27 Vietnam 131
5 LATIN AMERICA 133
5.1 Executive Summary 133
5.2 Argentina 134
5.3 Belize 135
5.4 Bolivia 136
5.5 Brazil 136
5.6 Chile 137
5.7 Colombia 138
5.8 Costa Rica 139
5.9 Ecuador 140
5.10 El Salvador 141
5.11 Falkland Islands 141
5.12 French Guiana 142
5.13 Guatemala 143
5.14 Guyana 143
5.15 Honduras 144
5.16 Mexico 145
5.17 Nicaragua 146
5.18 Panama 146
5.19 Paraguay 147
5.20 Peru 148
5.21 Suriname 149
5.22 Uruguay 149
5.23 Venezuela 150
6 NORTH AMERICA & THE CARIBBEAN 152
6.1 Executive Summary 152
6.2 Antigua and Barbuda 153
6.3 Aruba 154
6.4 Bahamas 154
6.5 Barbados 155
6.6 Bermuda 156
6.7 British Virgin Islands 156
6.8 Canada 157
6.9 Cayman Islands 158
6.10 Cuba 158
6.11 Dominica 159
6.12 Dominican Republic 160
6.13 Greenland 160
6.14 Grenada 161
6.15 Guadeloupe 162
6.16 Haiti 162
6.17 Jamaica 163
6.18 Martinique 164
6.19 Netherlands Antilles 164
6.20 Puerto Rico 165
6.21 St. Kitts and Nevis 166
6.22 St. Lucia 166
6.23 St. Vincent and the Grenadines 167
6.24 Trinidad and Tobago 168
6.25 United States 168
6.26 Virgin Islands, US 169
7 OCEANA 171
7.1 Executive Summary 171
7.2 American Samoa 172
7.3 Australia 173
7.4 Christmas Island 174
7.5 Cook Islands 174
7.6 Fiji 175
7.7 French Polynesia 175
7.8 Guam 176
7.9 Kiribati 177
7.10 Marshall Islands 177
7.11 Micronesia Federation 178
7.12 Nauru 178
7.13 New Caledonia 179
7.14 New Zealand 179
7.15 Niue 180
7.16 Norfolk Island 181
7.17 Northern Mariana Island 181
7.18 Palau 182
7.19 Solomon Islands 182
7.20 Tokelau 183
7.21 Tonga 183
7.22 Tuvalu 184
7.23 Vanuatu 184
7.24 Wallis and Futuna 185
7.25 Western Samoa 185
8 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 187
8.1 Disclaimers & Safe Harbor 187
8.2 User Agreement Provisions 188

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