Kuwait: Grand Piano Market 2025

Grand Piano Market Size in Kuwait

The Kuwaiti grand piano market skyrocketed to $X in 2021, with an increase of 308% 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 posted a strong increase. Grand piano consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Grand Piano Exports

Exports from Kuwait

In 2021, shipments abroad of acoustic grand pianos decreased by -4.5% to X kg, falling for the second consecutive year after four years of growth. Overall, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 150% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, grand piano exports declined to $X in 2021. In general, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 252%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X kg) was the main destination for grand piano exports from Kuwait, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bahrain totaled +13.0%.

In value terms, Bahrain ($X) also remains the key foreign market for acoustic grand pianos exports from Kuwait.

From 2012 to 2021, the average annual growth rate of value to Bahrain totaled +20.1%.

Export Prices by Country

The average grand piano export price stood at $X per ton in 2021, waning by -2.6% against the previous year. Overall, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then fell modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Bahrain.

From 2012 to 2021, the rate of growth in terms of prices for Bahrain amounted to +6.0% per year.

Grand Piano Imports

Imports into Kuwait

In 2021, the amount of acoustic grand pianos imported into Kuwait surged to X tons, growing by 272% compared with the year before. Overall, imports saw a prominent expansion. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, grand piano imports skyrocketed to $X in 2021. In general, imports recorded a measured expansion. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), the United Arab Emirates (X tons) and Japan (X kg) were the main suppliers of grand piano imports to Kuwait, together accounting for 88% of total imports. Germany, China and Lebanon lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lebanon (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Indonesia ($X) and Japan ($X) appeared to be the largest grand piano suppliers to Kuwait, together comprising 85% of total imports. China, Germany and Lebanon lagged somewhat behind, together accounting for a further 8.5%.

Among the main suppliers, China, with a CAGR of +28.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grand piano import price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the import price, however, showed a perceptible setback. The growth pace was the most rapid in 2015 an increase of 19%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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