Global Upright Piano Market 2019 - Key Insights

IndexBox has just published a new report, the World - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights. Here is a summary of the report's key findings.

The global upright piano market revenue amounted to $X in 2017, growing 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, upright piano consumption continues to indicate a drastic reduction. The pace of growth was the most pronounced in 2012, when it surged by X% against the previous year. Over the period under review, the global upright piano market attained its maximum level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Exports 2007-2017

In 2017, approx. X units of acoustic new upright pianos were exported worldwide; declining by -X% against the previous year. Overall, upright piano exports continue to indicate a relatively flat trend pattern.

In value terms, upright piano exports amounted to $X (IndexBox estimates) in 2017.

Exports by Country

Japan represented the major exporting country with an export of about X units, which resulted at X% of total exports. Indonesia (X units) occupied the second position in the ranking, distantly followed by Germany (X units) and China (X units). All these countries together held near X% share of total exports. Malaysia (X units) followed a long way behind the leaders.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Indonesia (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest upright piano markets worldwide were Japan ($X), Indonesia ($X) and Germany ($X), together accounting for X% of global exports. China and Malaysia lagged somewhat behind, together accounting for a further X%.

Export Prices by Country

The average upright piano export price stood at $X thousand per unit in 2017, coming up by X% against the previous year. In general, upright piano export price continues to indicate a relatively flat trend pattern.

Average export prices varied noticeably amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Germany ($X thousand per unit) and Malaysia ($X thousand per unit), while Japan ($X thousand per unit) and Indonesia ($X thousand per unit) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other global leaders experienced mixed trends in the export price figures.

Imports 2007-2017

In 2017, approx. X units of acoustic new upright pianos were imported worldwide; shrinking by -X% against the previous year.

In value terms, upright piano imports totaled $X (IndexBox estimates) in 2017.

Imports by Country

China represented the major importing country with an import of around X units, which reached X% of total imports. The U.S. (X units) occupied the second position in the ranking, followed by Germany (X units). All these countries together took near X% share of total imports. Malaysia (X units), France (X units), Australia (X units), Singapore (X units), Japan (X units), the UK (X units), Canada (X units), Switzerland (X units) and Vietnam (X units) followed a long way behind the leaders.

China was also the fastest growing in terms of the acoustic new upright pianos imports, with a CAGR of +X% from 2007 to 2017. At the same time, Vietnam (+X%) and Malaysia (+X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Switzerland (-X%), Japan (-X%), Australia (-X%), the U.S. (-X%), Germany (-X%), the UK (-X%), Canada (-X%) and France (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the U.S., France, Germany, Canada and the UK increased by X%, X%, X%, X% and X% percentage points, while China (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acoustic new upright pianos worldwide, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Germany, with a X% share.

Import Prices by Country

In 2017, the average upright piano import price amounted to $X thousand per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%.

Import prices varied noticeably by the country of destination; the country with the highest import price was Australia ($X thousand per unit), while Singapore ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Australia (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform