Report Update Nov 1, 2024

Saudi Arabia - Keyboard Stringed Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Saudi Arabia

In 2022, the Saudi keyboard stringed instrument market decreased by -1% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption enjoyed a prominent expansion. Over the period under review, the market hit record highs at $X in 2021, and then fell slightly in the following year.

Keyboard Stringed Instrument Production in Saudi Arabia

In value terms, keyboard stringed instrument production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 10%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Keyboard Stringed Instrument Exports

Exports from Saudi Arabia

For the fourth year in a row, Saudi Arabia recorded decline in overseas shipments of keyboard stringed instruments, which decreased by 0% to X units in 2022. In general, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 550%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, keyboard stringed instrument exports reduced notably to $X in 2022. Overall, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 1,288% against the previous year. 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

Egypt (X units) was the main destination for keyboard stringed instrument exports from Saudi Arabia, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Egypt was relatively modest.

In value terms, Egypt ($X) also remains the key foreign market for keyboard stringed instruments exports from Saudi Arabia.

From 2012 to 2022, the average annual rate of growth in terms of value to Egypt amounted to +19.7%.

Export Prices by Country

In 2022, the average keyboard stringed instrument export price amounted to $X per unit, declining by -27.6% against the previous year. Over the period under review, the export price, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 574% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +39.7% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for keyboard stringed instruments in the world?

The countries with the highest volumes of in 2021 were South Korea, Indonesia and Japan, with a combined 78% share of global consumption.

What are the largest producers of keyboard stringed instruments in the world?

The countries with the highest volumes of in 2021 were South Korea, Indonesia and Japan, together comprising 87% of global production. These countries were followed by the United Arab Emirates and the UK, which together accounted for a further 4.1%.

What are the leading suppliers of keyboard stringed instruments to Saudi Arabia?

In value terms, Indonesia and China appeared to be the largest keyboard stringed instrument suppliers to Saudi Arabia.

What are the leading importers of keyboard stringed instruments from Saudi Arabia?

In value terms, Egypt remains the key foreign market for keyboard stringed instrument exports from Saudi Arabia, comprising 84% of total exports. The second position in the ranking was occupied by Tanzania $691), with a 16% share of total exports.

What is the average export price for keyboard stringed instruments in Saudi Arabia?

The average keyboard stringed instrument export price stood at $8,979 per ton in 2021, increasing by 60% against the previous year.

What is the average import price for keyboard stringed instruments in Saudi Arabia?

The average keyboard stringed instrument import price stood at $27,943 per ton in 2014, increasing by 5% against the previous year.

This report provides an in-depth analysis of the keyboard stringed instrument market in Saudi Arabia. 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 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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