GCC: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in GCC

The GCC keyboard stringed instrument market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Keyboard Stringed Instrument Production in GCC

In value terms, keyboard stringed instrument production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Keyboard Stringed Instrument Exports

Exports in GCC

In 2022, approx. X units of keyboard stringed instruments were exported in GCC; with an increase of X% on the year before. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, keyboard stringed instrument exports surged to $X in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. Oman (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to keyboard stringed instrument exports from the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest keyboard stringed instrument supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, keyboard stringed instrument exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price showed strong growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%).

Keyboard Stringed Instrument Imports

Imports in GCC

For the third consecutive year, GCC recorded growth in supplies from abroad of keyboard stringed instruments, which increased by X% to X units in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

Imports by Country

The United Arab Emirates dominates imports structure, resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Qatar (X units), achieving a X% share of total imports. The following importers - Oman (X units) and Kuwait (X units) - each resulted at a X% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Oman saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In the United Arab Emirates, keyboard stringed instrument imports expanded 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: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, saw a deep downturn. 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 failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :