Asia: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Asia

The Asian keyboard stringed instrument market stood at $X in 2022, surging by X% against the previous year. In general, consumption posted prominent growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Keyboard Stringed Instrument Production in Asia

In value terms, keyboard stringed instrument production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Keyboard Stringed Instrument Exports

Exports in Asia

In 2022, shipments abroad of keyboard stringed instruments increased by X% to X units, rising for the second year in a row after four years of decline. In general, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, keyboard stringed instrument exports skyrocketed to $X in 2022. Over the period under review, exports saw a temperate increase. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) and the Philippines (X units) dominates exports structure, together comprising X% of total exports. It was distantly followed by South Korea (X units), achieving a X% share of total exports. The following exporters - Thailand (X units) and China (X units) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the largest keyboard stringed instrument supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while South Korea ($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 Philippines (X%), while the other leaders experienced more modest paces of growth.

Keyboard Stringed Instrument Imports

Imports in Asia

In 2022, overseas purchases of keyboard stringed instruments increased by X% to X units, rising for the fourth consecutive year after three years of decline. In general, imports saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, keyboard stringed instrument imports soared to $X in 2022. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by the Philippines (X units) and Thailand (X units) were the key importers of keyboard stringed instruments, together making up X% of total imports. The following importers - Iran (X units), Singapore (X units), China (X units), Qatar (X units), South Korea (X units) and Iraq (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported keyboard stringed instruments in Asia, comprising X% of total imports. The second position in the ranking was taken by Singapore ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

In the United Arab Emirates, keyboard stringed instrument imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the Philippines (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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