Report Update Nov 1, 2024

Kuwait - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Grand Piano Market 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for acoustic grand pianos in the world?

The country with the largest volume of grand piano consumption was Japan, accounting for 27% of total volume. Moreover, grand piano consumption in Japan exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the largest producers of acoustic grand pianos in the world?

The country with the largest volume of grand piano production was Japan, comprising approx. 62% of total volume. Moreover, grand piano production in Japan exceeded the figures recorded by the second-largest producer, Indonesia, twofold. Germany ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of acoustic grand pianos to Kuwait?

In value terms, Japan constituted the largest supplier of grand piano to Kuwait, comprising 70% of total imports. The second position in the ranking was occupied by Indonesia, with a 20% share of total imports. It was followed by Germany, with a 7.9% share.

What are the leading importers of acoustic grand pianos from Kuwait?

In value terms, Bahrain remains the key foreign market for grand piano exports from Kuwait.

What is the average export price for acoustic grand pianos in Kuwait?

In 2020, the average grand piano export price amounted to $50,727 per ton, remaining stable against the previous year.

What is the average import price for acoustic grand pianos in Kuwait?

The average grand piano import price stood at $29,006 per ton in 2020, with an increase of 74% against the previous year.

This report provides an in-depth analysis of the grand piano market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023