Hong Kong SAR, China - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUpright Piano Price in Hong Kong SAR - 2023
Contents:
- Upright Piano Price in Hong Kong SAR (CIF) - 2022
- Upright Piano Price in Hong Kong SAR (FOB) - 2023
- Upright Piano Imports in Hong Kong SAR
- Upright Piano Exports in Hong Kong SAR
Upright Piano Price in Hong Kong SAR (CIF) - 2022
The average upright piano import price stood at $3,506 per unit in 2022, declining by -8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2021 an increase of 21%. As a result, import price attained the peak level of $3,819 per unit, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($20,272 per unit), while the price for Macao SAR ($789 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Upright Piano Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average upright piano export price amounted to $1,407 per unit, shrinking by -29.1% against the previous month. Overall, the export price, however, recorded temperate growth. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 80% month-to-month. Over the period under review, the average export prices reached the peak figure at $2,589 per unit in January 2023; afterwards, it flattened through to June 2023.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Canada ($1,956 per unit), while the average price for exports to Ireland ($658 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Upright Piano Imports in Hong Kong SAR
In 2022, approx. 3.6K units of acoustic new upright pianos were imported into Hong Kong SAR; with a decrease of -5.7% against 2021. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 3.8K units, and then contracted in the following year.
In value terms, upright piano imports declined to $13M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 46%. As a result, imports reached the peak of $14M, and then contracted in the following year.
| Import of Upright Piano in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.1 | 7.5 | 7.9 | 7.9 | 3.6% |
| Germany | 2.6 | 0.5 | 1.8 | 1.7 | -13.2% |
| China | 1.2 | 1.6 | 3.1 | 1.5 | 7.7% |
| Macao SAR | 0.2 | N/A | 0.2 | 0.6 | 44.2% |
| Indonesia | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| United States | N/A | 0.1 | 0.4 | 0.2 | 41.4% |
| Others | 0.5 | N/A | 0.8 | 0.3 | -15.7% |
| Total | 11.7 | 9.9 | 14.5 | 12.5 | 2.2% |
Top Suppliers of Upright Piano to Hong Kong SAR in 2022:
- Japan (1902.0 units)
- Macao SAR (741.0 units)
- China (586.0 units)
- Indonesia (140.0 units)
- Germany (84.0 units)
- United States (67.0 units)
Upright Piano Exports in Hong Kong SAR
In 2022, the amount of acoustic new upright pianos exported from Hong Kong SAR dropped significantly to 3.6K units, which is down by -43% against the year before. In general, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. As a result, the exports reached the peak of 6.4K units, and then contracted rapidly in the following year.
In value terms, upright piano exports declined remarkably to $4.7M in 2022. Over the period under review, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 86% against the previous year. As a result, the exports attained the peak of $6.3M, and then contracted sharply in the following year.
| Export of Upright Piano in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 2.6 | 4.3 | 2.7 | -8.3% |
| Macao SAR | 0.8 | 0.8 | 1.9 | 1.6 | 26.0% |
| Malaysia | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Total | 4.4 | 3.4 | 6.3 | 4.7 | 2.2% |
Top Export Markets for Upright Piano from Hong Kong SAR in 2022:
- China (2558.0 units)
- Macao SAR (572.0 units)
- Malaysia (268.0 units)
- Germany (90.0 units)
This report provides an in-depth analysis of the upright piano market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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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