South Africa - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in South Africa - 2023
Contents:
- Piano Price in South Africa (CIF) - 2022
- Piano Price in South Africa (FOB) - 2022
- Piano Imports in South Africa
- Piano Exports in South Africa
Piano Price in South Africa (CIF) - 2022
In 2022, the average piano import price amounted to $1,143 per unit, falling by -16.6% against the previous year. Over the period under review, the import price, however, showed resilient growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 210%. Over the period under review, average import prices attained the maximum at $1,387 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,578 per unit), while the price for India ($99 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in South Africa (FOB) - 2022
The average piano export price stood at $2,224 per unit in 2022, shrinking by -2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 58%. As a result, the export price attained the peak level of $2,540 per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($13,573 per unit), while the average price for exports to Lesotho ($368 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 Nigeria (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Imports in South Africa
Piano imports into South Africa skyrocketed to 2.2K units in 2022, with an increase of 44% compared with 2021. In general, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, piano imports soared to $2.5M in 2022. Over the period under review, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.9% 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 +91.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 59%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Piano in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 748 | 393 | 544 | 1,298 | 20.2% |
| China | 250 | 232 | 395 | 567 | 31.4% |
| Japan | 181 | 73.9 | 174 | 258 | 12.5% |
| Germany | 169 | 10.9 | 128 | 72.5 | -24.6% |
| India | 6.2 | 0.3 | 0.6 | 48.5 | 98.5% |
| United Kingdom | 10.0 | 9.4 | 1.4 | 32.6 | 48.3% |
| United Arab Emirates | 849 | 507 | 748 | 0.1 | -95.1% |
| Others | 120 | 102 | 121 | 265 | 30.2% |
| Total | 2,333 | 1,329 | 2,112 | 2,542 | 2.9% |
Top Suppliers of Piano to South Africa in 2022:
- China (865.0 units)
- Indonesia (705.0 units)
- India (491.0 units)
- Japan (72.0 units)
- Germany (25.0 units)
- United Kingdom (13.0 units)
- United Arab Emirates (1.0 units)
Piano Exports in South Africa
In 2022, approx. 116 units of pianos and other keyboard stringed musical instruments were exported from South Africa; falling by -33.3% compared with the previous year. Overall, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. As a result, the exports reached the peak of 174 units, and then contracted notably in the following year.
In value terms, piano exports dropped remarkably to $258K in 2022. Over the period under review, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 136%. As a result, the exports reached the peak of $395K, and then reduced remarkably in the following year.
| Export of Piano in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Namibia | 72.7 | 62.2 | 110 | 87.8 | 6.5% |
| Zambia | 1.3 | 14.0 | 0.8 | 51.1 | 240.0% |
| Botswana | 14.2 | 25.3 | 34.6 | 32.1 | 31.2% |
| Swaziland | 22.9 | 17.2 | 11.3 | 17.2 | -9.1% |
| Democratic Republic of the Congo | 3.1 | 1.2 | 54.0 | 16.1 | 73.2% |
| Malawi | 12.7 | N/A | 8.9 | 13.6 | 2.3% |
| Mozambique | 4.2 | 13.9 | 3.5 | 13.4 | 47.2% |
| Lesotho | 5.8 | 6.3 | 3.8 | 4.0 | -11.6% |
| Nigeria | 1.7 | 7.5 | N/A | N/A | 341.2% |
| Others | 68.7 | 19.6 | 168 | 22.7 | -30.9% |
| Total | 207 | 167 | 395 | 258 | 7.6% |
Top Export Markets for Piano from South Africa in 2022:
- Botswana (59.0 units)
- Lesotho (11.0 units)
- Namibia (9.0 units)
- Swaziland (9.0 units)
- Mozambique (8.0 units)
- Zambia (6.0 units)
- Democratic Republic of the Congo (3.0 units)
- Malawi (1.0 units)
This report provides an in-depth analysis of the piano market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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.
-
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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