Thailand - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Thailand - 2023
Contents:
- Piano Price in Thailand (CIF) - 2022
- Piano Price in Thailand (FOB) - 2022
- Piano Imports in Thailand
- Piano Exports in Thailand
Piano Price in Thailand (CIF) - 2022
In 2022, the average piano import price amounted to $913 per unit, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2016 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $2,053 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
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 ($7,084 per unit), while the price for the United States ($350 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.1%), while the prices for the other major suppliers experienced a decline.
Piano Price in Thailand (FOB) - 2022
The average piano export price stood at $715 per unit in 2022, falling by -32.5% against the previous year. In general, the export price faced a abrupt decrease. The growth pace was the most rapid in 2014 when the average export price increased by 173%. The export price peaked at $2,157 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 China ($1,742 per unit), while the average price for exports to Fiji ($77 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 Vietnam (+20.1%), while the prices for the other major destinations experienced mixed trend patterns.
Piano Imports in Thailand
In 2022, approx. 7.8K units of pianos and other keyboard stringed musical instruments were imported into Thailand; rising by 37% compared with 2021 figures. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, piano imports skyrocketed to $7.2M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Piano in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,704 | 2,206 | 2,625 | 3,344 | 7.3% |
| Indonesia | 960 | 528 | 660 | 1,231 | 8.6% |
| Germany | 611 | 1,537 | 1,011 | 1,126 | 22.6% |
| China | 648 | 444 | 524 | 919 | 12.4% |
| United States | 55.2 | 168 | 24.5 | 138 | 35.7% |
| South Korea | 54.1 | 33.4 | 78.8 | 111 | 27.1% |
| France | 50.8 | 57.1 | 18.0 | 14.7 | -33.9% |
| Belgium | 96.7 | 2.0 | 3.0 | 2.6 | -70.0% |
| Others | 494 | 214 | 238 | 264 | -18.8% |
| Total | 5,675 | 5,189 | 5,182 | 7,150 | 8.0% |
Top Suppliers of Piano to Thailand in 2022:
- Japan (3702.0 units)
- China (2148.0 units)
- Indonesia (703.0 units)
- United States (393.0 units)
- South Korea (272.0 units)
- Germany (159.0 units)
- France (35.0 units)
- Belgium (22.0 units)
Piano Exports in Thailand
In 2022, the amount of pianos and other keyboard stringed musical instruments exported from Thailand skyrocketed to 342 units, jumping by 63% compared with the previous year's figure. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 153% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, piano exports stood at $244K in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 94%. As a result, the exports reached the peak of $256K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Piano in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 23.4 | 41.2 | 83.1 | 47.8 | 26.9% |
| Japan | 26.4 | 26.0 | 20.0 | 31.1 | 5.6% |
| South Korea | 3.7 | 9.7 | 9.6 | 15.7 | 61.9% |
| Hong Kong SAR | 14.1 | 3.6 | 3.3 | 14.4 | 0.7% |
| China | 0.4 | 1.3 | 57.7 | 12.2 | 212.4% |
| Australia | 11.3 | 0.5 | 1.4 | 8.2 | -10.1% |
| United Kingdom | 2.7 | 0.8 | 3.0 | 7.6 | 41.2% |
| Malaysia | 1.0 | N/A | 1.2 | 3.1 | 45.8% |
| Vietnam | 1.0 | 2.8 | 0.4 | 2.7 | 39.2% |
| India | 0.6 | N/A | 1.4 | 2.5 | 60.9% |
| Italy | N/A | N/A | 3.5 | 1.8 | -48.6% |
| Iraq | N/A | N/A | N/A | 0.8 | 0% |
| Fiji | N/A | N/A | N/A | 0.5 | 0% |
| Others | 47.1 | 170 | 37.6 | 95.9 | 26.7% |
| Total | 132 | 256 | 222 | 244 | 22.7% |
Top Export Markets for Piano from Thailand in 2022:
- United States (52.0 units)
- South Korea (50.0 units)
- Japan (38.0 units)
- Australia (28.0 units)
- United Kingdom (16.0 units)
- Hong Kong SAR (14.0 units)
- Iraq (9.0 units)
- Malaysia (8.0 units)
- Vietnam (8.0 units)
- India (7.0 units)
- China (7.0 units)
- Fiji (7.0 units)
- Italy (6.0 units)
This report provides an in-depth analysis of the piano market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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