Italy - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrand Piano Price in Italy - 2023
Contents:
- Grand Piano Price in Italy (CIF) - 2023
- Grand Piano Price in Italy (FOB) - 2022
- Grand Piano Imports in Italy
- Grand Piano Exports in Italy
Grand Piano Price in Italy (CIF) - 2023
The average grand piano import price stood at $38,522 per unit in July 2023, picking up by 152% against the previous month. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 173% m-o-m. Over the period under review, average import prices hit record highs in July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($48,307 per unit), while the price for Japan ($3,820 per unit) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.9%), while the prices for the other major suppliers experienced a decline.
Grand Piano Price in Italy (FOB) - 2022
The average grand piano export price stood at $44,200 per unit in 2022, picking up by 88% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grand piano export price decreased by -23.7% against 2019 indices. The export price peaked at $57,959 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($298 per unit), while the average price for exports to France ($43 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 Russia (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.
Grand Piano Imports in Italy
In 2022, the amount of acoustic grand pianos imported into Italy dropped sharply to 863 units, with a decrease of -43% compared with 2021 figures. Over the period under review, imports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 291% against the previous year. As a result, imports attained the peak of 1.5K units, and then fell markedly in the following year.
In value terms, grand piano imports reduced to $13M in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 298% against the previous year. As a result, imports attained the peak of $15M, and then fell in the following year.
| Import of Grand Piano in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 0.7 | 0.5 | 5.0 | 3.3 | 67.7% |
| France | 1.8 | 1.3 | 4.1 | 2.7 | 14.5% |
| Spain | 0.5 | 0.4 | 2.4 | 1.6 | 47.4% |
| Japan | 1.1 | 0.9 | 1.7 | 1.4 | 8.4% |
| Poland | 0.1 | 0.4 | 0.3 | 0.3 | 44.2% |
| China | 0.1 | N/A | 0.2 | 0.1 | 0.0% |
| Belgium | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.3 | 1.3 | 4.1 | 117.2% |
| Total | 5.2 | 3.8 | 15.1 | 13.4 | 37.1% |
Top Suppliers of Grand Piano to Italy in 2022:
- France (78.6K units)
- Japan (64.2K units)
- Spain (45.9K units)
- Germany (22.3K units)
- Poland (12.3K units)
- China (11.6K units)
Grand Piano Exports in Italy
In 2022, shipments abroad of acoustic grand pianos decreased by -34.2% to 290 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 125%. As a result, the exports reached the peak of 441 units, and then reduced rapidly in the following year.
In value terms, grand piano exports skyrocketed to $13M in 2022. The total export value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Grand Piano in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,479 | 1,687 | 2,328 | 2,787 | 4.0% |
| China | 986 | 1,030 | 1,697 | 2,032 | 27.3% |
| Germany | 1,027 | 1,222 | 1,036 | 1,277 | 7.5% |
| Japan | 1,165 | 636 | 977 | 1,170 | 0.1% |
| Canada | 676 | 269 | 614 | 736 | 2.9% |
| Switzerland | 204 | 616 | 557 | 667 | 48.4% |
| Australia | 478 | 876 | 277 | 632 | 9.8% |
| France | 477 | 398 | 313 | 462 | -1.1% |
| Russia | 305 | 720 | 148 | 455 | 14.3% |
| Belgium | 279 | 0.1 | 254 | 304 | 2.9% |
| Singapore | 192 | 79.1 | 217 | 260 | 10.6% |
| Austria | 265 | 155 | 161 | 226 | -5.2% |
| Others | 2,131 | 1,907 | 1,802 | 1,811 | -5.3% |
| Total | 10,664 | 9,595 | 10,382 | 12,818 | 6.3% |
Top Export Markets for Grand Piano from Italy in 2022:
- United States (14.3K units)
- Germany (11.6K units)
- France (10.7K units)
- China (8.7K units)
- Japan (6.8K units)
- Switzerland (5.5K units)
- Singapore (4.9K units)
- Australia (3.8K units)
- Canada (3.4K units)
- Austria (2.8K units)
- Belgium (1.6K units)
- Russia (1.5K units)
This report provides an in-depth analysis of the grand piano market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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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