Middle East: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in the Middle East

The Middle Eastern keyboard stringed instrument market skyrocketed to $X in 2022, picking up by X% against the previous year. In general, consumption showed strong growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Keyboard Stringed Instrument Production in the Middle East

In value terms, keyboard stringed instrument production shrank to $X in 2022 estimated in export price. In general, production, however, showed perceptible growth. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Keyboard Stringed Instrument Exports

Exports in the Middle East

Keyboard stringed instrument exports soared to X units in 2022, rising by X% on the previous year. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, keyboard stringed instrument exports surged to $X in 2022. In general, exports posted 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 dominates exports structure, recording X units, which was near X% of total exports in 2022. Oman (X units) took a minor 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 the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure 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 amounted to $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 the Middle East

In 2022, overseas purchases of keyboard stringed instruments increased by X% to X units, rising for the third year in a row after three years of decline. In general, imports posted significant growth. As a result, imports reached 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 saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Iran (X units), making up a X% share of total imports. Qatar (X units), Iraq (X units), Lebanon (X units), Oman (X units) and Kuwait (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to keyboard stringed instrument imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Iraq (X%), Iran (X%), Kuwait (X%) and Oman (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Lebanon (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Qatar (X p.p.), Iraq (X p.p.) and Iran (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) and Lebanon (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported keyboard stringed instruments in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with a X% share of total imports. It was followed by Iraq, 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. In the other countries, the average annual rates were as follows: Iran (X% per year) and Iraq (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, dropping by X% against the previous year. In general, the import price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2013 an increase of 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.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :