U.S. - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrand Piano Price in the United States - 2023
Contents:
- Grand Piano Price in the United States (CIF) - 2023
- Grand Piano Price in the United States (FOB) - 2022
- Grand Piano Imports in the United States
- Grand Piano Exports in the United States
Grand Piano Price in the United States (CIF) - 2023
The average grand piano import price stood at $9,555 per unit in August 2023, reducing by -13.6% against the previous month. Over the period under review, import price indicated tangible growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, grand piano import price decreased by -14.0% against June 2023 indices. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 38% m-o-m. As a result, import price reached the peak level of $11,106 per unit; afterwards, it flattened through to August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Austria ($47,151 per unit), while the price for China ($3,760 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Austria (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Grand Piano Price in the United States (FOB) - 2022
In 2022, the average grand piano export price amounted to $23,246 per unit, increasing by 6.4% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.6% 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 increased by +69.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 an increase of 46% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($371 per unit), while the average price for exports to Thailand ($24 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 (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.
Grand Piano Imports in the United States
In 2022, the amount of acoustic grand pianos imported into the United States surged to 11K units, with an increase of 20% compared with the previous year. Overall, total imports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.9% 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 +82.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, grand piano imports surged to $86M in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +3.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Grand Piano in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 35.0 | 22.0 | 27.2 | 32.4 | -2.5% |
| Indonesia | 21.2 | 9.4 | 15.1 | 20.0 | -1.9% |
| China | 6.2 | 4.0 | 9.3 | 9.8 | 16.5% |
| Austria | 3.3 | 3.2 | 3.8 | 7.4 | 30.9% |
| Germany | 7.2 | 5.5 | 5.6 | 6.3 | -4.4% |
| Italy | 2.5 | 1.3 | 2.5 | 3.1 | 7.4% |
| Poland | 0.7 | 0.9 | 1.0 | 2.2 | 46.5% |
| Czech Republic | 0.2 | 0.3 | 0.3 | 1.9 | 111.8% |
| Others | 2.3 | 1.8 | 2.6 | 3.1 | 10.5% |
| Total | 78.5 | 48.4 | 67.3 | 86.1 | 3.1% |
Top Suppliers of Grand Piano to the United States in 2022:
- Indonesia (1303.2K units)
- Japan (1030.5K units)
- China (864.6K units)
- Germany (175.3K units)
- Poland (81.1K units)
- Austria (58.4K units)
- Czech Republic (57.8K units)
- Italy (48.9K units)
Grand Piano Exports in the United States
In 2022, the amount of acoustic grand pianos exported from the United States rose modestly to 1.2K units, surging by 1.6% against the previous year's figure. Over the period under review, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 with an increase of 2.3%. The exports peaked at 1.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, grand piano exports expanded rapidly to $27M in 2022. The total export value increased at an average annual rate of +11.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Grand Piano in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 9.4 | 13.6 | 15.8 | 17.1 | 22.1% |
| China | 1.7 | 0.8 | 1.1 | 1.6 | -2.0% |
| Germany | 1.1 | 0.9 | 0.6 | 1.6 | 13.3% |
| Japan | 2.9 | 1.8 | 1.8 | 1.3 | -23.5% |
| United Kingdom | 0.2 | 0.3 | 0.4 | 0.6 | 44.2% |
| Netherlands | 0.1 | 0.1 | 0.1 | 0.4 | 58.7% |
| Mexico | 1.4 | 0.6 | 0.9 | 0.4 | -34.1% |
| Brazil | 0.1 | N/A | 0.5 | 0.3 | 44.2% |
| South Korea | 0.1 | 0.3 | 0.4 | 0.3 | 44.2% |
| Indonesia | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Thailand | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Hong Kong SAR | 0.4 | 0.2 | 0.3 | 0.2 | -20.6% |
| Others | 2.3 | 2.4 | 3.3 | 3.1 | 10.5% |
| Total | 19.9 | 21.2 | 25.3 | 27.3 | 11.1% |
Top Export Markets for Grand Piano from the United States in 2022:
- Canada (46.2K units)
- China (19.6K units)
- Thailand (10.0K units)
- Netherlands (7.7K units)
- Germany (7.0K units)
- Japan (6.2K units)
- Mexico (4.9K units)
- Indonesia (4.7K units)
- Brazil (4.5K units)
- South Korea (3.7K units)
- Hong Kong SAR (3.6K units)
- United Kingdom (2.2K units)
This report provides an in-depth analysis of the grand piano market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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