Canada - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Canada - 2023
Contents:
- Piano Price in Canada (CIF) - 2022
- Piano Price in Canada (FOB) - 2022
- Piano Imports in Canada
- Piano Exports in Canada
Piano Price in Canada (CIF) - 2022
The average piano import price stood at $6,229 per unit in 2022, declining by -8.4% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, piano import price increased by +42.7% against 2016 indices. The growth pace was the most rapid in 2020 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $6,798 per unit in 2021, and then contracted in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($23,285 per unit), while the price for Indonesia ($2,917 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Canada (FOB) - 2022
The average piano export price stood at $1,971 per unit in 2022, with a decrease of -10.9% against the previous year. Overall, the export price showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 78% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,480 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4,371 per unit), while the average price for exports to Mexico ($276 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 the United States (+0.2%), while the prices for the other major destinations experienced a decline.
Piano Imports in Canada
In 2022, the amount of pianos and other keyboard stringed musical instruments imported into Canada surged to 7.1K units, growing by 28% against the year before. The total import volume increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, piano imports surged to $44M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% 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 +52.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Piano in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.4 | 11.4 | 12.6 | 15.2 | 10.1% |
| United States | 8.7 | 11.0 | 13.4 | 14.5 | 18.6% |
| Germany | 2.4 | 4.6 | 3.2 | 4.1 | 19.5% |
| Indonesia | 2.5 | 1.9 | 3.1 | 3.7 | 14.0% |
| China | 1.8 | 1.6 | 2.2 | 3.4 | 23.6% |
| Czech Republic | 0.6 | 0.9 | 1.3 | 1.9 | 46.8% |
| Vietnam | 0.3 | 0.1 | 0.2 | 0.2 | -12.6% |
| Others | 1.4 | 1.2 | 2.0 | 1.3 | -2.4% |
| Total | 29.1 | 32.7 | 37.9 | 44.4 | 15.1% |
Top Suppliers of Piano to Canada in 2022:
- Japan (3142.0 units)
- Indonesia (1265.0 units)
- China (1057.0 units)
- Germany (635.0 units)
- United States (624.0 units)
- Czech Republic (187.0 units)
- Vietnam (69.0 units)
Piano Exports in Canada
In 2022, exports of pianos and other keyboard stringed musical instruments from Canada skyrocketed to 204 units, with an increase of 23% against the previous year. In general, exports, however, continue to indicate a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. The exports peaked at 441 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, piano exports expanded markedly to $402K in 2022. Overall, exports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports hit record highs at $435K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Piano in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 122 | 42.5 | 196 | 328 | 39.1% |
| Mexico | N/A | N/A | N/A | 24.5 | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 23.2 | 0% |
| Norway | 40.2 | 0.1 | 0.1 | N/A | -95.0% |
| China | 157 | 101 | 82.6 | N/A | -27.5% |
| Others | 115 | 71.9 | 88.7 | 26.5 | -38.7% |
| Total | 435 | 216 | 367 | 402 | -2.6% |
Top Export Markets for Piano from Canada in 2022:
- Mexico (89.0 units)
- United States (75.0 units)
- Taiwan (Chinese) (34.0 units)
This report provides an in-depth analysis of the piano market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
564
This report provides an in-depth analysis of the piano market in Canada.
352
This report provides an in-depth analysis of the grand piano market in Canada.
480
This report provides an in-depth analysis of the upright piano market in Canada.
323
This report provides an in-depth analysis of the keyboard stringed instrument market in Canada.
231
This report provides an in-depth analysis of the non-cellular polyethylene film market in Canada.
1420
This report provides an in-depth analysis of the global piano market.
851
This report provides an in-depth analysis of the global grand piano market.
546
This report provides an in-depth analysis of the global upright piano market.
565
This report provides an in-depth analysis of the global keyboard stringed instrument market.
395
This report provides an in-depth analysis of the global non-cellular polyethylene film market.
282
In February 2023, the grand piano price amounted to $15,315 per unit (CIF, Canada), increasing by 12% against the previous month.
1038
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In value terms, musical boxes, fairground and mechanical street organs exports stood at $X in 2016. In general, musical boxes, fairground and mechanical street organs exports continue to indicate a...
