India - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrand Piano Price in India - 2023
Contents:
- Grand Piano Price in India (CIF) - 2022
- Grand Piano Price in India (FOB) - 2022
- Grand Piano Imports in India
- Grand Piano Exports in India
Grand Piano Price in India (CIF) - 2022
In 2022, the average grand piano import price amounted to $11,262 per unit, jumping by 23% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 91%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($156 per unit), while the price for China ($34 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Grand Piano Price in India (FOB) - 2022
In 2022, the average grand piano export price amounted to less than $0.1 per unit, approximately mirroring the previous year. In general, the export price showed significant growth. The pace of growth was the most pronounced in 2013 an increase of 73% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,772 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($31 per unit), while the average price for exports to Thailand ($3.8 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 Canada (-2.8%), while the prices for the other major destinations experienced a decline.
Grand Piano Imports in India
In 2022, approx. 87 units of acoustic grand pianos were imported into India; with a decrease of -25% compared with the previous year's figure. In general, imports saw a slight descent. The most prominent rate of growth was recorded in 2021 when imports increased by 100% against the previous year. As a result, imports attained the peak of 116 units, and then dropped rapidly in the following year.
In value terms, grand piano imports contracted to $980K in 2022. Overall, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 282% against the previous year. As a result, imports reached the peak of $1.1M, and then reduced in the following year.
| Import of Grand Piano in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.6 | 52.0 | 278 | 346 | 58.1% |
| Indonesia | 129 | 49.6 | 153 | 190 | 13.8% |
| Malaysia | 89.5 | 66.4 | 115 | 142 | 16.6% |
| Japan | 43.6 | 37.1 | 94.1 | 117 | 39.0% |
| United States | 9.5 | 18.3 | 82.6 | 103 | 121.3% |
| South Korea | 37.6 | 32.0 | 28.9 | 35.0 | -2.4% |
| Others | 18.2 | 22.3 | 309 | 47.9 | 38.1% |
| Total | 415 | 278 | 1,060 | 980 | 33.2% |
Top Suppliers of Grand Piano to India in 2022:
- China (10.3K units)
- Indonesia (5.6K units)
- Malaysia (4.2K units)
- Japan (3.5K units)
- United States (3.0K units)
- South Korea (0.3K units)
Grand Piano Exports in India
After two years of decline, overseas shipments of acoustic grand pianos decreased by 0% to less than 0.1 units in 2022. Overall, exports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. The exports peaked at 1 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, grand piano exports soared to $3.1K in 2022. Over the period under review, exports showed a dramatic decline. The exports peaked at $9.8K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Grand Piano in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | N/A | N/A | N/A | 4.7 | 0% |
| Canada | 2.0 | 1.2 | 6.1 | 1.7 | -5.3% |
| Thailand | 0.5 | 0.2 | 0.3 | 0.1 | -41.5% |
| Norway | N/A | 1.2 | N/A | N/A | 0% |
| Zambia | 9.1 | N/A | N/A | N/A | 0% |
| Maldives | 61.7 | N/A | N/A | N/A | 0% |
| Others | -63.5 | 1.5 | -4.3 | -3.4 | -62.3% |
| Total | 9.8 | 4.2 | 2.1 | 3.1 | -31.9% |
Top Export Markets for Grand Piano from India in 2022:
- South Africa (162.0 units)
- Canada (55.0 units)
- Thailand (23.0 units)
This report provides an in-depth analysis of the grand piano market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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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