Bulgaria - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Bulgaria - 2023
Contents:
- Piano Price in Bulgaria (CIF) - 2022
- Piano Price in Bulgaria (FOB) - 2022
- Piano Imports in Bulgaria
- Piano Exports in Bulgaria
Piano Price in Bulgaria (CIF) - 2022
In 2022, the average piano import price amounted to $7,865 per unit, growing by 41% against the previous year. In general, the import price posted a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 235% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
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 ($13,690 per unit), while the price for the United Arab Emirates ($209 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Bulgaria (FOB) - 2022
The average piano export price stood at $13,717 per unit in 2022, picking up by 2,141% against the previous year. Over the period under review, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($21,714 per unit), while the average price for exports to Denmark ($80 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 North Macedonia (+29.0%), while the prices for the other major destinations experienced mixed trend patterns.
Piano Imports in Bulgaria
In 2022, supplies from abroad of pianos and other keyboard stringed musical instruments increased by 16% to 58 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a precipitous curtailment. Over the period under review, imports attained the maximum at 324 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, piano imports surged to $456K in 2022. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Piano in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 89.9 | 140 | 201 | 370 | 60.3% |
| South Korea | 20.8 | 21.7 | 41.0 | 53.3 | 36.8% |
| Romania | 4.9 | 4.0 | 0.9 | 3.9 | -7.3% |
| Netherlands | N/A | 2.7 | N/A | 3.1 | 7.2% |
| Switzerland | N/A | N/A | N/A | 1.0 | 0% |
| Turkey | N/A | N/A | N/A | 0.3 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| Vietnam | 56.0 | N/A | N/A | N/A | 0% |
| China | 74.8 | N/A | N/A | N/A | 0% |
| Belgium | N/A | 36.5 | N/A | N/A | 0% |
| Albania | 2.9 | N/A | N/A | N/A | 0% |
| Canada | 3.1 | N/A | N/A | N/A | 0% |
| Others | 32.6 | 4.2 | 35.6 | 24.7 | -8.8% |
| Total | 285 | 209 | 278 | 456 | 17.0% |
Top Suppliers of Piano to Bulgaria in 2022:
- Germany (27.0 units)
- South Korea (21.0 units)
- Romania (4.0 units)
- Netherlands (2.0 units)
- Turkey (1.0 units)
- United Arab Emirates (1.0 units)
- Switzerland (1.0 units)
Piano Exports in Bulgaria
In 2022, shipments abroad of pianos and other keyboard stringed musical instruments was finally on the rise to reach 21 units after two years of decline. In general, exports, however, faced a sharp downturn. The exports peaked at 60 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, piano exports surged to $288K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Piano in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | N/A | N/A | N/A | 282 | 0% |
| United Kingdom | N/A | N/A | N/A | 4.7 | 0% |
| Albania | 22.5 | 9.9 | 4.2 | 0.5 | -71.9% |
| Turkey | N/A | N/A | N/A | 0.3 | 0% |
| Denmark | N/A | N/A | N/A | 0.3 | 0% |
| Armenia | 5.1 | N/A | 7.2 | N/A | 18.8% |
| Germany | N/A | 31.9 | N/A | N/A | 0% |
| North Macedonia | 8.1 | N/A | N/A | N/A | 0% |
| Others | 5.2 | N/A | 0.2 | N/A | -80.4% |
| Total | 40.8 | 41.9 | 11.6 | 288 | 91.8% |
Top Export Markets for Piano from Bulgaria in 2022:
- Austria (13.0 units)
- Denmark (4.0 units)
- Albania (2.0 units)
- Turkey (1.0 units)
- United Kingdom (1.0 units)
This report provides an in-depth analysis of the piano market in Bulgaria. 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 32201110 - Acoustic new upright pianos (including automatic pianos)
- Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
- Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)
Country coverage:
- Bulgaria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Bulgaria
- 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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