Hong Kong SAR, China - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrand Piano Price in Hong Kong SAR - 2023
Contents:
- Grand Piano Price in Hong Kong SAR (CIF) - 2022
- Grand Piano Price in Hong Kong SAR (FOB) - 2023
- Grand Piano Imports in Hong Kong SAR
- Grand Piano Exports in Hong Kong SAR
Grand Piano Price in Hong Kong SAR (CIF) - 2022
The average grand piano import price stood at $20,604 per unit in 2022, approximately equating the previous year. Over the period under review, the import price recorded resilient growth. The growth pace was the most rapid in 2017 an increase of 83% against the previous year. Over the period under review, average import prices attained the maximum at $29,621 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($116,011 per unit), while the price for Indonesia ($5,183 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Grand Piano Price in Hong Kong SAR (FOB) - 2023
The average grand piano export price stood at $80,907 per unit in June 2023, with an increase of 1,547% against the previous month. Overall, the export price posted a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was China ($148K per unit), while the average price for exports to Macao SAR ($2,553 per unit) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.
Grand Piano Imports in Hong Kong SAR
Grand piano imports into Hong Kong SAR skyrocketed to 491 units in 2022, increasing by 83% on the previous year. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, grand piano imports soared to $10M in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Grand Piano in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,132 | 681 | 319 | 4,176 | 10.1% |
| China | 627 | 1,574 | 2,677 | 3,008 | 68.7% |
| Japan | 978 | 953 | 1,178 | 1,734 | 21.0% |
| Taiwan (Chinese) | 124 | N/A | 82.9 | 150 | 6.6% |
| Indonesia | 62.1 | 46.8 | 125 | 130 | 27.9% |
| Macao SAR | 14.0 | 336 | 51.0 | 21.7 | 15.7% |
| Others | 838 | 250 | 1,009 | 897 | 2.3% |
| Total | 5,776 | 3,841 | 5,442 | 10,116 | 20.5% |
Top Suppliers of Grand Piano to Hong Kong SAR in 2022:
- China (225.0 units)
- Japan (174.0 units)
- Germany (36.0 units)
- Indonesia (25.0 units)
- Taiwan (Chinese) (15.0 units)
- Macao SAR (3.0 units)
Grand Piano Exports in Hong Kong SAR
In 2022, the amount of acoustic grand pianos exported from Hong Kong SAR surged to 113 units, picking up by 105% on the previous year. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by 189% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, grand piano exports surged to $2M in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 277%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Grand Piano in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 289 | 51.6 | 209 | 1,472 | 72.1% |
| Macao SAR | 432 | 131 | 487 | 518 | 6.2% |
| Taiwan (Chinese) | 44.5 | N/A | N/A | N/A | 0% |
| Others | 12.8 | 25.8 | 91.5 | 10.2 | -7.3% |
| Total | 779 | 209 | 787 | 2,000 | 36.9% |
Top Export Markets for Grand Piano from Hong Kong SAR in 2022:
- China (74.0 units)
- Macao SAR (38.0 units)
This report provides an in-depth analysis of the grand piano market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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
-
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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