China - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUpright Piano Price in China - 2023
Contents:
- Upright Piano Price in China (CIF) - 2023
- Upright Piano Price in China (FOB) - 2022
- Upright Piano Imports in China
- Upright Piano Exports in China
Upright Piano Price in China (CIF) - 2023
The average upright piano import price stood at $1,255 per unit in June 2023, with an increase of 19% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.1%. The pace of growth was the most pronounced in January 2023 an increase of 29% m-o-m. As a result, import price attained the peak level of $1,338 per unit; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($2,541 per unit), while the price for South Korea ($247 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Upright Piano Price in China (FOB) - 2022
The average upright piano export price stood at $1,671 per unit in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2016 when the average export price increased by 43%. As a result, the export price attained the peak level of $2,149 per unit. From 2017 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 Singapore ($2,271 per unit), while the average price for exports to Brazil ($738 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 Australia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Upright Piano Imports in China
In 2022, the amount of acoustic new upright pianos imported into China reduced rapidly to 134K units, which is down by -24.8% against 2021. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. Over the period under review, imports attained the peak figure at 189K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, upright piano imports reduced sharply to $126M in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Imports peaked at $182M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Upright Piano in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 91.6 | 81.9 | 95.7 | 76.0 | -6.0% |
| Indonesia | 49.3 | 25.1 | 40.7 | 27.5 | -17.7% |
| South Korea | 28.1 | 18.8 | 21.3 | 12.5 | -23.7% |
| Others | 13.4 | 11.1 | 12.1 | 10.4 | -8.1% |
| Total | 182 | 137 | 170 | 126 | -11.5% |
Top Suppliers of Upright Piano to China in 2022:
- Japan (63.7K units)
- South Korea (56.6K units)
- Indonesia (11.6K units)
Upright Piano Exports in China
In 2022, the amount of acoustic new upright pianos exported from China shrank to 18K units, which is down by -9% compared with the previous year. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year. As a result, the exports reached the peak of 19K units, and then contracted in the following year.
In value terms, upright piano exports shrank to $29M in 2022. In general, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 61%. As a result, the exports attained the peak of $32M, and then shrank in the following year.
| Export of Upright Piano in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.5 | 3.3 | 5.6 | 6.8 | 14.8% |
| Germany | 2.4 | 2.3 | 4.0 | 3.0 | 7.7% |
| Netherlands | 1.4 | 1.0 | 1.9 | 1.5 | 2.3% |
| Singapore | 1.4 | 1.1 | 2.0 | 1.4 | 0.0% |
| France | 0.6 | 0.6 | 1.5 | 1.2 | 26.0% |
| Australia | 1.7 | 0.8 | 1.4 | 1.1 | -13.5% |
| Russia | 0.5 | 1.0 | 0.5 | 0.9 | 21.6% |
| Poland | 1.0 | 0.6 | 1.1 | 0.8 | -7.2% |
| South Korea | 0.8 | 0.6 | 0.4 | 0.7 | -4.4% |
| Italy | 0.5 | 0.4 | 0.6 | 0.6 | 6.3% |
| Malaysia | 0.4 | 0.4 | 0.6 | 0.6 | 14.5% |
| United Arab Emirates | 0.3 | 0.2 | 0.3 | 0.5 | 18.6% |
| Brazil | 0.2 | 0.1 | 0.3 | 0.2 | 0.0% |
| Others | 9.9 | 7.5 | 12.0 | 9.8 | -0.3% |
| Total | 25.6 | 19.9 | 32.1 | 29.3 | 4.6% |
Top Export Markets for Upright Piano from China in 2022:
- United States (3.7K units)
- Germany (2.0K units)
- Netherlands (0.9K units)
- France (0.8K units)
- Poland (0.7K units)
- Singapore (0.6K units)
- Australia (0.5K units)
- Italy (0.5K units)
- Malaysia (0.5K units)
- Russia (0.5K units)
- United Arab Emirates (0.4K units)
- South Korea (0.4K units)
- Brazil (0.3K units)
This report provides an in-depth analysis of the upright piano market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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Imports of Upright Pianos remained stagnant from April 2023 to December 2023, with a value of $7.3M in December 2023.
224
In value terms, upright piano imports soared to $11M in March 2023.
60
During the review period, Piano imports peaked at 199K units in 2019. However, from 2020 to 2023, imports remained slightly lower. In terms of value, piano imports decreased to $197M in 2023.
322
In April 2023, the piano price amounted to $1,415 per unit (CIF, China), shrinking by -15.3% against the previous month.
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Grand Piano imports witnessed a significant decline, down to $10M in June 2023.
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