United Arab Emirates: Electrical Musical Instrument Market 2024

Electrical Musical Instrument Market Size in the United Arab Emirates

The electrical musical instrument market in the United Arab Emirates plummeted to $X in 2022, declining 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). In general, consumption saw a mild reduction. As a result, consumption attained the peak level of $X, and then declined dramatically in the following year.

Electrical Musical Instrument Exports

Exports from the United Arab Emirates

In 2022, the amount of electrical musical or keyboard instruments exported from the United Arab Emirates surged to X units, jumping by X% on the previous year's figure. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical musical instrument exports soared to $X in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kenya (X units), South Africa (X units) and Nigeria (X units) were the main destinations of electrical musical instrument exports from the United Arab Emirates, together accounting for X% of total exports. Pakistan, China, Iraq, Zimbabwe, Saudi Arabia, Congo, Madagascar and Ghana lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), China ($X) and Iraq ($X) appeared to be the largest markets for electrical musical instrument exported from the United Arab Emirates worldwide, with a combined X% share of total exports. Kenya, Saudi Arabia, South Africa, Ghana, Madagascar, Congo, Pakistan and Zimbabwe lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Pakistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electrical musical instrument export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price continues to indicate a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Pakistan ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Musical Instrument Imports

Imports into the United Arab Emirates

In 2022, approx. X units of electrical musical or keyboard instruments were imported into the United Arab Emirates; picking up by X% against the year before. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, electrical musical instrument imports stood at $X in 2022. Over the period under review, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest electrical musical instrument supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, electrical musical instrument imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. The third position in this ranking was taken by India (X units), with a X% share.

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

In value terms, the largest electrical musical instrument suppliers to the United Arab Emirates were China ($X), Indonesia ($X) and India ($X), together comprising X% of total imports.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electrical musical instrument import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell rapidly in the following year.

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 Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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