Sep 22, 2019

World - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights

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Jul 5, 2019

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 $352M in 2017, growing by 4.2% 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 25% against the previous year. Over the period under review, the global upright piano market attained its maximum level of $689M in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Exports 2007-2017

In 2017, approx. 212K units of acoustic new upright pianos were exported worldwide; declining by -5.7% against the previous year. Overall, upright piano exports continue to indicate a relatively flat trend pattern.

In value terms, upright piano exports amounted to $388M (IndexBox estimates) in 2017.

Exports by Country

Japan represented the major exporting country with an export of about 97K units, which resulted at 46% of total exports. Indonesia (49K units) occupied the second position in the ranking, distantly followed by Germany (23K units) and China (16K units). All these countries together held near 42% share of total exports. Malaysia (4.1K 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 (+6.1% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest upright piano markets worldwide were Japan ($171M), Indonesia ($87M) and Germany ($45M), together accounting for 78% of global exports. China and Malaysia lagged somewhat behind, together accounting for a further 9.5%.

Export Prices by Country

The average upright piano export price stood at $1.8 thousand per unit in 2017, coming up by 6.3% 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 ($2 thousand per unit) and Malaysia ($1.9 thousand per unit), while Japan ($1.8 thousand per unit) and Indonesia ($1.8 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 (+5.6% per year), while the other global leaders experienced mixed trends in the export price figures.

Imports 2007-2017

In 2017, approx. 178K units of acoustic new upright pianos were imported worldwide; shrinking by -34% against the previous year.

In value terms, upright piano imports totaled $390M (IndexBox estimates) in 2017.

Imports by Country

China represented the major importing country with an import of around 59K units, which reached 33% of total imports. The U.S. (20K units) occupied the second position in the ranking, followed by Germany (12K units). All these countries together took near 18% share of total imports. Malaysia (7.4K units), France (6.6K units), Australia (6K units), Singapore (5.2K units), Japan (4.3K units), the UK (4.3K units), Canada (4.2K units), Switzerland (4.1K units) and Viet Nam (3.7K 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 +17.8% from 2007 to 2017. At the same time, Viet Nam (+9.4%) and Malaysia (+3.0%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Switzerland (-2.5%), Japan (-2.7%), Australia (-3.5%), the U.S. (-4.0%), Germany (-4.1%), the UK (-5.6%), Canada (-7.0%) and France (-7.4%) 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 5.6%, 4.2%, 3.5%, 2.5% and 1.9% percentage points, while China (-26.5%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($136M) constitutes the largest market for imported acoustic new upright pianos worldwide, making up 35% of global imports. The second position in the ranking was occupied by the U.S. ($46M), with a 12% share of global imports. It was followed by Germany, with a 7.6% share.

Import Prices by Country

In 2017, the average upright piano import price amounted to $2.2 thousand per unit, growing by 52% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%.

Import prices varied noticeably by the country of destination; the country with the highest import price was Australia ($2.6 thousand per unit), while Singapore ($1.2 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 (+4.5% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 32201110 - Acoustic new upright pianos (including automatic pianos)

This report provides an in-depth analysis of the global upright piano market. 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 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
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