Canada - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrand Piano Price in Canada - 2023
Contents:
- Grand Piano Price in Canada (CIF) - 2023
- Grand Piano Price in Canada (FOB) - 2022
- Grand Piano Imports in Canada
- Grand Piano Exports in Canada
Grand Piano Price in Canada (CIF) - 2023
The average grand piano import price stood at $23,200 per unit in June 2023, with an increase of 87% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 128% month-to-month. As a result, import price attained the peak level of $23,321 per unit; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($36,167 per unit), while the price for China ($9,821 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Grand Piano Price in Canada (FOB) - 2022
The average grand piano export price stood at $5,354 per unit in 2022, growing by 35% against the previous year. Over the period under review, the export price, however, recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 an increase of 105%. Over the period under review, the average export prices hit record highs at $12,399 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($65 per unit), while the average price for exports to China amounted to $62 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.6%), while the prices for the other major destinations experienced a decline.
Grand Piano Imports in Canada
In 2022, approx. 2.1K units of acoustic grand pianos were imported into Canada; with an increase of 35% on the previous year. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, grand piano imports rose notably to $30M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Grand Piano in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.3 | 10.3 | 12.9 | 14.5 | 25.7% |
| Japan | 5.0 | 5.7 | 6.4 | 7.2 | 12.9% |
| Germany | 1.8 | 4.1 | 2.5 | 3.1 | 19.9% |
| Indonesia | 0.9 | 0.7 | 1.4 | 1.6 | 21.1% |
| Italy | 0.7 | 0.3 | 1.2 | 1.3 | 22.9% |
| China | 0.6 | 0.5 | 0.9 | 1.0 | 18.6% |
| Czech Republic | 0.2 | 0.5 | 0.6 | 0.7 | 51.8% |
| Others | 0.6 | 0.8 | 0.5 | 0.8 | 10.1% |
| Total | 17.1 | 22.8 | 26.5 | 30.2 | 20.9% |
Top Suppliers of Grand Piano to Canada in 2022:
- United States (382.2K units)
- Japan (190.8K units)
- Germany (81.5K units)
- Indonesia (41.8K units)
- Italy (35.5K units)
- China (27.3K units)
- Czech Republic (18.2K units)
Grand Piano Exports in Canada
In 2022, exports of acoustic grand pianos from Canada expanded sharply to 54 units, picking up by 15% on the previous year's figure. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 88%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, grand piano exports soared to $289K in 2022. Over the period under review, exports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 177% against the previous year. The exports peaked at $301K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Grand Piano in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 104 | 20.1 | 115 | 77.7 | -9.3% |
| China | 114 | 47.3 | 62.7 | 49.4 | -24.3% |
| Hong Kong SAR | 15.2 | N/A | N/A | N/A | 0% |
| South Korea | 67.8 | N/A | N/A | N/A | 0% |
| United Arab Emirates | N/A | N/A | 0.8 | N/A | 0% |
| Others | N/A | N/A | 8.1 | 162 | 1900.0% |
| Total | 301 | 67.4 | 187 | 289 | -1.3% |
Top Export Markets for Grand Piano from Canada in 2022:
- United States (1195.0 units)
- China (797.0 units)
This report provides an in-depth analysis of the grand piano market in Canada. 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 32201130 - Acoustic grand pianos (including automatic pianos)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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