China - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrand Piano Price in China - 2023
Contents:
- Grand Piano Price in China (CIF) - 2023
- Grand Piano Price in China (FOB) - 2022
- Grand Piano Imports in China
- Grand Piano Exports in China
Grand Piano Price in China (CIF) - 2023
In June 2023, the average grand piano import price amounted to $14,715 per unit, falling by -16.7% against the previous month. Over the period under review, import price indicated measured growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, grand piano import price increased by +50.0% against April 2023 indices. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 80% against the previous month. As a result, import price attained the peak level of $17,667 per unit, and then shrank dramatically in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($70,653 per unit), while the price for Japan ($6,235 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 Japan (+1.9%), while the prices for the other major suppliers experienced a decline.
Grand Piano Price in China (FOB) - 2022
In 2022, the average grand piano export price amounted to $5,870 per unit, growing by 6.5% against the previous year. Over the period under review, the export price showed a tangible increase. The most prominent rate of growth was recorded in 2016 an increase of 278% against the previous year. Over the period under review, the average export prices reached the peak figure at $30,969 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($111 per unit), while the average price for exports to Canada ($29 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 Hong Kong SAR (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.
Grand Piano Imports in China
In 2022, approx. 9.3K units of acoustic grand pianos were imported into China; shrinking by -5.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, imports attained the peak of 9.8K units, and then dropped in the following year.
In value terms, grand piano imports shrank slightly to $97M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports attained the peak of $102M, and then dropped modestly in the following year.
| Import of Grand Piano in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.8 | 39.3 | 49.6 | 47.6 | 9.0% |
| Japan | 29.9 | 28.8 | 35.9 | 31.6 | 1.9% |
| Indonesia | 11.3 | 7.1 | 10.4 | 12.9 | 4.5% |
| United States | 2.5 | 0.5 | 0.6 | 1.9 | -8.7% |
| Others | 5.3 | 3.6 | 5.2 | 3.3 | -14.6% |
| Total | 85.8 | 79.4 | 102 | 97.3 | 4.3% |
Top Suppliers of Grand Piano to China in 2022:
- Japan (2123.4K units)
- Indonesia (659.1K units)
- Germany (298.3K units)
- United States (138.3K units)
Grand Piano Exports in China
In 2022, approx. 5.7K units of acoustic grand pianos were exported from China; surging by 12% on 2021. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.7% 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 +71.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, grand piano exports surged to $33M 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 +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 27%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Grand Piano in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 4.6 | 8.2 | 10.3 | 20.4% |
| Australia | 1.2 | 1.9 | 1.3 | 3.1 | 37.2% |
| Singapore | 2.2 | 1.5 | 1.4 | 2.2 | 0.0% |
| Japan | 0.5 | 1.3 | 0.5 | 1.8 | 53.3% |
| Hong Kong SAR | 0.4 | 2.2 | 3.1 | 1.8 | 65.1% |
| Czech Republic | 1.3 | 1.8 | 1.2 | 1.5 | 4.9% |
| Germany | 1.3 | 0.8 | 1.8 | 1.5 | 4.9% |
| Canada | 0.3 | 0.6 | 0.5 | 0.9 | 44.2% |
| South Korea | 1.2 | 0.3 | 0.4 | 0.9 | -9.1% |
| Malaysia | 0.5 | 0.5 | 0.6 | 0.7 | 11.9% |
| Russia | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| United Kingdom | 0.5 | 0.6 | 0.7 | 0.5 | 0.0% |
| Netherlands | 0.5 | 0.5 | 1.0 | 0.5 | 0.0% |
| Others | 5.8 | 4.9 | 6.8 | 6.9 | 6.0% |
| Total | 21.9 | 22.0 | 28.0 | 33.4 | 15.1% |
Top Export Markets for Grand Piano from China in 2022:
- United States (335.3K units)
- Australia (82.9K units)
- Japan (50.1K units)
- Germany (49.5K units)
- Czech Republic (47.5K units)
- Canada (30.7K units)
- Singapore (29.7K units)
- South Korea (29.3K units)
- Malaysia (21.2K units)
- Russia (19.9K units)
- Netherlands (17.1K units)
- Hong Kong SAR (16.5K units)
- United Kingdom (15.9K units)
This report provides an in-depth analysis of the grand 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 32201130 - Acoustic grand pianos (including automatic pianos)
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
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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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Grand Piano imports witnessed a significant decline, down to $10M in June 2023.
60
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.
322
In April 2023, the piano price amounted to $1,415 per unit (CIF, China), shrinking by -15.3% against the previous month.
134
Imports of Upright Pianos remained stagnant from April 2023 to December 2023, with a value of $7.3M in December 2023.
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In value terms, upright piano imports soared to $11M in March 2023.
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