Oman: Piano Market 2024

Piano Market Size in Oman

The Omani piano market fell to $X in 2022, reducing by X% against the previous year. In general, consumption saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Piano Production in Oman

In value terms, piano production dropped to $X in 2022 estimated in export price. Overall, production showed a perceptible contraction. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Piano Exports

Exports from Oman

In 2022, the amount of pianos and other keyboard stringed musical instruments exported from Oman surged to X units, with an increase of X% on 2021 figures. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, piano exports skyrocketed to $X in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Qatar (X units) was the main destination for piano exports from Oman, accounting for a X% share of total exports. Moreover, piano exports to Qatar exceeded the volume sent to the second major destination, Iran (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled X%.

In value terms, Qatar ($X) remains the key foreign market for pianos and other keyboard stringed musical instruments exports from Oman, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Qatar amounted to X%.

Export Prices by Country

The average piano export price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average 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 Qatar ($X per unit), while the average price for exports to Iran stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (X%).

Piano Imports

Imports into Oman

Piano imports into Oman surged to X units in 2022, jumping by X% compared with the year before. Overall, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, piano imports soared to $X in 2022. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) constituted the largest supplier of piano to Oman, with a X% share of total imports. Moreover, piano imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, the UK (X units), ninefold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of pianos and other keyboard stringed musical instruments to Oman, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with an X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the average piano import price amounted to $X per unit, which is down by X% against the previous year. Overall, the import price saw a slight decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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