Kuwait - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Kuwait - 2022
Contents:
- Piano Price in Kuwait (CIF) - 2022
- Piano Price in Kuwait (FOB) - 2022
- Piano Imports in Kuwait
- Piano Exports in Kuwait
Piano Price in Kuwait (CIF) - 2022
In 2022, the average piano import price amounted to $2,179 per unit, growing by 3.2% against the previous year. Overall, the import price, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2021 when the average import price increased by 11%. The import price peaked at $2,878 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($7,768 per unit), while the price for Taiwan (Chinese) ($70 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Kuwait (FOB) - 2022
In 2022, the average piano export price amounted to $411 per unit, surging by 41% against the previous year. In general, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by 148%. The export price peaked at $2,743 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($1,166 per unit), while the average price for exports to Ghana ($19 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 Lebanon (+11.5%), while the prices for the other major destinations experienced a decline.
Piano Imports in Kuwait
In 2022, piano imports into Kuwait dropped sharply to 270 units, falling by -18.4% on the previous year's figure. Over the period under review, imports showed a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 31%. As a result, imports reached the peak of 331 units, and then shrank sharply in the following year.
In value terms, piano imports fell rapidly to $588K in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 46% against the previous year. As a result, imports reached the peak of $699K, and then dropped markedly in the following year.
| Import of Piano in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 339 | 269 | 380 | 252 | -9.4% |
| United Arab Emirates | 61.0 | 47.2 | 114 | 216 | 52.4% |
| China | 33.0 | 53.3 | 87.6 | 54.9 | 18.5% |
| Taiwan (Chinese) | 8.0 | 4.8 | 5.7 | 3.1 | -27.1% |
| Others | 143 | 104 | 111 | 62.6 | -24.1% |
| Total | 584 | 478 | 699 | 588 | 0.2% |
Top Suppliers of Piano to Kuwait in 2022:
- Indonesia (105.0 units)
- United Arab Emirates (67.0 units)
- Taiwan (Chinese) (44.0 units)
- China (23.0 units)
Piano Exports in Kuwait
In 2022, after two years of decline, there was significant growth in overseas shipments of pianos and other keyboard stringed musical instruments, when their volume increased by 27% to 14 units. In general, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the peak figure at 17 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, piano exports skyrocketed to $5.7K in 2022. Overall, exports, however, continue to indicate a significant curtailment. Over the period under review, the exports attained the maximum at $13K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Piano in Kuwait (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 9,689 | 3,806 | 542 | 3,497 | -28.8% |
| Thailand | 442 | 336 | 338 | 869 | 25.3% |
| Bahrain | 675 | 1,476 | 1,483 | 344 | -20.1% |
| Lebanon | 461 | 630 | 191 | 211 | -22.9% |
| United Arab Emirates | 1,173 | 308 | 277 | 176 | -46.9% |
| Spain | N/A | N/A | N/A | 41.0 | 0% |
| Ghana | 40.0 | 26.0 | 22.0 | 19.0 | -22.0% |
| Gabon | 15.0 | N/A | N/A | N/A | 0% |
| Morocco | N/A | N/A | 351 | N/A | 0% |
| Qatar | N/A | 385 | N/A | N/A | 0% |
| Kenya | N/A | 184 | N/A | N/A | 0% |
| Netherlands | N/A | 288 | N/A | N/A | 0% |
| Madagascar | N/A | N/A | 2.0 | N/A | 0% |
| Others | 892 | 856 | N/A | 592 | -12.8% |
| Total | 13,387 | 8,295 | 3,206 | 5,749 | -24.6% |
Top Export Markets for Piano from Kuwait in 2022:
- Saudi Arabia (3.0 units)
- Bahrain (2.0 units)
- United Arab Emirates (2.0 units)
- Thailand (2.0 units)
- Ghana (1.0 units)
- Lebanon (1.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the piano market in Kuwait. 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 32201110 - Acoustic new upright pianos (including automatic pianos)
- Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
- Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)
Country coverage:
- Kuwait
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Kuwait
- 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
-
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
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