Ghana - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrand Piano Price in Ghana - 2022
Contents:
- Grand Piano Price in Ghana (CIF) - 2022
- Grand Piano Price in Ghana (FOB) - 2022
- Grand Piano Imports in Ghana
- Grand Piano Exports in Ghana
Grand Piano Price in Ghana (CIF) - 2022
In 2022, the average grand piano import price amounted to $5,728 per unit, declining by -34.7% against the previous year. In general, the import price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 901% against the previous year. As a result, import price reached the peak level of $8,773 per unit, and then contracted significantly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($20,874 per unit), while the price for Belgium ($54 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Grand Piano Price in Ghana (FOB) - 2022
In 2022, the average grand piano export price amounted to $5,114 per unit, approximately equating the previous year. In general, the export price, however, showed significant growth. The growth pace was the most rapid in 2019 when the average export price increased by 4,721%. The export price peaked at $5,181 per unit in 2021, and then shrank modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +98.3% per year.
Grand Piano Imports in Ghana
Grand piano imports into Ghana contracted significantly to 17 units in 2022, falling by -19% against 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.7% 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 +41.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of 21 units, and then fell remarkably in the following year.
In value terms, grand piano imports fell remarkably to $97K in 2022. Over the period under review, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 1,652%. As a result, imports reached the peak of $184K, and then reduced sharply in the following year.
| Import of Grand Piano in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.9 | 0.7 | 8.5 | 62.6 | 311.3% |
| South Africa | 5.3 | 4.1 | 47.0 | 14.0 | 38.2% |
| Germany | 0.1 | 2.5 | 47.9 | 11.9 | 391.9% |
| China | 0.5 | 1.5 | 16.8 | 4.7 | 111.0% |
| United States | 0.9 | 0.6 | 6.4 | 1.7 | 23.6% |
| United Arab Emirates | 0.8 | 0.5 | 4.4 | 1.0 | 7.7% |
| Japan | 0.2 | 0.1 | 1.6 | 0.5 | 35.7% |
| Canada | 0.1 | 0.1 | 1.2 | 0.3 | 44.2% |
| Netherlands | 0.4 | 0.2 | 1.7 | 0.3 | -9.1% |
| Italy | 0.1 | N/A | 0.4 | 0.1 | 0.0% |
| Belgium | N/A | N/A | 0.2 | 0.1 | -50.0% |
| Spain | N/A | N/A | 0.4 | 0.1 | -75.0% |
| Others | 13.7 | N/A | 47.9 | N/A | 87.0% |
| Total | 23.0 | 10.5 | 184 | 97.4 | 61.8% |
Top Suppliers of Grand Piano to Ghana in 2022:
- Germany (4.0 units)
- United Kingdom (3.0 units)
- Canada (1.0 units)
- United States (1.0 units)
- Netherlands (1.0 units)
- Italy (1.0 units)
- South Africa (1.0 units)
- United Arab Emirates (1.0 units)
- China (1.0 units)
- Belgium (1.0 units)
- Japan (1.0 units)
- Spain (1.0 units)
Grand Piano Exports in Ghana
In 2022, the amount of acoustic grand pianos exported from Ghana was estimated at 1 units, stabilizing at 2021 figures. In general, exports recorded a sharp decline. The smallest decline of -50% was in 2021. The exports peaked at 2 units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
In value terms, grand piano exports declined modestly to $5.1K in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 with an increase of 2.7% against the previous year. As a result, the exports attained the peak of $5.2K, and then declined slightly in the following year.
| Export of Grand Piano in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.1 | 5.0 | 5.2 | 5.1 | 270.8% |
| Cote d'Ivoire | 4.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.9 | 5.0 | 5.2 | 5.1 | 1.3% |
Top Export Markets for Grand Piano from Ghana in 2022:
- United Kingdom (1.0 units)
This report provides an in-depth analysis of the grand piano market in Ghana. 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:
- Ghana
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ghana
- 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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