United Arab Emirates: Piano Market 2024

Piano Market Size in the United Arab Emirates

The piano market in the United Arab Emirates shrank rapidly to $X in 2022, falling by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a remarkable increase. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Piano Exports

Exports from the United Arab Emirates

In 2022, approx. X units of pianos and other keyboard stringed musical instruments were exported from the United Arab Emirates; picking up by X% against 2021. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, piano exports soared to $X in 2022. Overall, 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

Iraq (X units) was the main destination for piano exports from the United Arab Emirates, with a X% share of total exports. Moreover, piano exports to Iraq exceeded the volume sent to the second major destination, South Africa (X units), fourfold. Saudi Arabia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Saudi Arabia (X% per year).

In value terms, Iraq ($X) emerged as the key foreign market for pianos and other keyboard stringed musical instruments exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by Saudi Arabia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the average piano export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Pakistan ($X 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 Mauritius (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Piano Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of pianos and other keyboard stringed musical instruments increased by X% to X units, rising for the second year in a row after four years of decline. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, piano imports soared to $X in 2022. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Indonesia (X units) constituted the largest piano supplier to the United Arab Emirates, with a X% share of total imports. Moreover, piano imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was held by Japan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from Indonesia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The average piano import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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