China - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in China - 2023
Contents:
- Piano Price in China (CIF) - 2022
- Piano Price in China (FOB) - 2022
- Piano Imports in China
- Piano Exports in China
Piano Price in China (CIF) - 2022
In 2022, the average piano import price amounted to $1,564 per unit, growing by 8.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2018 when the average import price increased by 13% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($2,943 per unit), while the price for South Korea ($222 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Piano Price in China (FOB) - 2022
The average piano export price stood at $2,857 per unit in 2022, growing by 12% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, piano export price increased by +23.9% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 40% against the previous year. As a result, the export price reached the peak level of $2,863 per unit; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($5,705 per unit), while the average price for exports to Italy ($1,745 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 Australia (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Imports in China
In 2022, approx. 143K units of pianos and other keyboard stringed musical instruments were imported into China; waning by -23.9% on the previous year's figure. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Imports peaked at 199K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, piano imports dropped notably to $224M in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports reached the peak of $273M, and then declined remarkably in the following year.
| Import of Piano in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 122 | 111 | 132 | 108 | -4.0% |
| Indonesia | 60.6 | 32.3 | 51.3 | 40.4 | -12.6% |
| South Korea | 28.3 | 19.0 | 21.6 | 12.6 | -23.6% |
| Others | 58.0 | 55.1 | 67.3 | 63.2 | 2.9% |
| Total | 269 | 218 | 273 | 224 | -5.9% |
Top Suppliers of Piano to China in 2022:
- Japan (69.9K units)
- South Korea (56.8K units)
- Indonesia (13.7K units)
Piano Exports in China
Piano exports from China totaled 24K units in 2022, stabilizing at the previous year. The total export volume increased at an average annual rate of +3.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
In value terms, piano exports expanded remarkably to $68M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Piano in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.6 | 8.2 | 14.4 | 18.2 | 19.7% |
| Germany | 3.7 | 3.1 | 5.3 | 4.5 | 6.7% |
| Australia | 3.0 | 2.8 | 3.4 | 4.4 | 13.6% |
| Singapore | 3.6 | 2.7 | 3.1 | 3.8 | 1.8% |
| Czech Republic | 1.7 | 2.1 | 2.3 | 3.5 | 27.2% |
| Hong Kong SAR | 1.6 | 4.0 | 5.3 | 3.3 | 27.3% |
| South Korea | 2.0 | 0.9 | 1.0 | 2.6 | 9.1% |
| Netherlands | 1.9 | 1.5 | 2.7 | 2.1 | 3.4% |
| France | 0.8 | 0.8 | 1.8 | 1.6 | 26.0% |
| Russia | 0.8 | 1.4 | 0.9 | 1.6 | 26.0% |
| Malaysia | 0.9 | 0.9 | 1.3 | 1.5 | 18.6% |
| Poland | 1.2 | 0.8 | 1.2 | 1.3 | 2.7% |
| Italy | 0.6 | 0.5 | 0.8 | 1.0 | 18.6% |
| Others | 17.0 | 15.4 | 16.9 | 19.2 | 4.1% |
| Total | 49.6 | 45.0 | 60.6 | 68.5 | 11.4% |
Top Export Markets for Piano from China in 2022:
- United States (6.2K units)
- Germany (2.3K units)
- Czech Republic (1.6K units)
- Singapore (1.2K units)
- Netherlands (1.0K units)
- France (0.9K units)
- Australia (0.8K units)
- Poland (0.8K units)
- Hong Kong SAR (0.7K units)
- South Korea (0.6K units)
- Russia (0.6K units)
- Italy (0.5K units)
- Malaysia (0.5K units)
This report provides an in-depth analysis of the piano market in China. 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 32201110 - Acoustic new upright pianos (including automatic pianos)
- Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
- Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the piano market in China.
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This report provides an in-depth analysis of the grand piano market in China.
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This report provides an in-depth analysis of the upright piano market in China.
564
This report provides an in-depth analysis of the keyboard stringed instrument market in China.
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This report provides an in-depth analysis of the global piano market.
863
This report provides an in-depth analysis of the global grand piano market.
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This report provides an in-depth analysis of the global upright piano market.
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This report provides an in-depth analysis of the global keyboard stringed instrument market.
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During the review period, Piano imports peaked at 199K units in 2019. However, from 2020 to 2023, imports remained slightly lower. In terms of value, piano imports decreased to $197M in 2023.
333
In April 2023, the piano price amounted to $1,415 per unit (CIF, China), shrinking by -15.3% against the previous month.
323
Grand Piano imports witnessed a significant decline, down to $10M in June 2023.
149
Imports of Upright Pianos remained stagnant from April 2023 to December 2023, with a value of $7.3M in December 2023.
231
In value terms, upright piano imports soared to $11M in March 2023.
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