Azerbaijan - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Azerbaijan - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights

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Upright Piano Price in Azerbaijan - 2023

Contents:

  1. Upright Piano Price in Azerbaijan (CIF) - 2022
  2. Upright Piano Price in Azerbaijan (FOB) - 2022
  3. Upright Piano Imports in Azerbaijan
  4. Upright Piano Exports in Azerbaijan

Upright Piano Price in Azerbaijan (CIF) - 2022

The average upright piano import price stood at $408 per unit in 2022, with a decrease of -23.2% against the previous year. Over the period under review, the import price saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 106% against the previous year. Over the period under review, average import prices attained the peak figure at $1,615 per unit in 2013; however, from 2014 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 Turkey ($711 per unit), while the price for Germany ($211 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-6.6%), while the prices for the other major suppliers experienced a decline.

Upright Piano Price in Azerbaijan (FOB) - 2022

The average upright piano export price stood at $246 per unit in 2022, shrinking by -24.9% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 262% against the previous year. Over the period under review, the average export prices attained the maximum at $2,343 per unit in 2013; however, from 2014 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 Russia ($470 per unit), while the average price for exports to Australia ($70 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 UK (+36.9%), while the prices for the other major destinations experienced a decline.

Upright Piano Imports in Azerbaijan

In 2022, the amount of acoustic new upright pianos imported into Azerbaijan soared to 755 units, rising by 239% compared with the year before. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, upright piano imports surged to $308K in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Upright Piano in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11872.210127031.8%
Others14.01.017.937.939.4%
Total13273.211830832.6%

Top Suppliers of Upright Piano to Azerbaijan in 2022:

  1. China (742.0 units)

Upright Piano Exports in Azerbaijan

In 2022, overseas shipments of acoustic new upright pianos decreased by -28.6% to 10 units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,213%. As a result, the exports attained the peak of 105 units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, upright piano exports reduced rapidly to $2.5K in 2022. In general, exports saw a noticeable decrease. The growth pace was the most rapid in 2020 when exports increased by 1,184% against the previous year. As a result, the exports reached the peak of $35K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Upright Piano in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey0.5N/A2.90.66.3%
QatarN/AN/AN/A0.60%
RussiaN/AN/AN/A0.50%
PolandN/AN/AN/A0.30%
AustraliaN/A0.1N/A0.10.0%
SingaporeN/AN/AN/A0.10%
MalaysiaN/A0.1N/A0.10.0%
United Kingdom1.71.40.6N/A-40.6%
United States0.530.40.4N/A-10.6%
Others0.13.20.7N/A164.6%
Total2.735.24.62.5-2.5%

Top Export Markets for Upright Piano from Azerbaijan in 2022:

  1. Turkey (3.0 units)
  2. Qatar (2.0 units)
  3. Australia (1.0 units)
  4. Singapore (1.0 units)
  5. Poland (1.0 units)
  6. Malaysia (1.0 units)
  7. Russia (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the upright piano market in Azerbaijan. 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)

Country coverage:

  • Azerbaijan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Azerbaijan
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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