India - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingUpright Piano Price in India - 2023
Contents:
- Upright Piano Price in India (CIF) - 2022
- Upright Piano Price in India (FOB) - 2022
- Upright Piano Imports in India
- Upright Piano Exports in India
Upright Piano Price in India (CIF) - 2022
The average upright piano import price stood at $2,283 per unit in 2022, with an increase of 3% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2018 an increase of 25%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,792 per unit), while the price for China ($1,739 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Upright Piano Price in India (FOB) - 2022
In 2022, the average upright piano export price amounted to $60 per unit, which is down by -28.2% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 an increase of 404%. As a result, the export price attained the peak level of $565 per unit. From 2019 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 the United States ($74 per unit), while the average price for exports to Bangladesh ($32 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 Bhutan (+123.1%), while the prices for the other major destinations experienced a decline.
Upright Piano Imports in India
Upright piano imports into India fell to 502 units in 2022, with a decrease of -2.3% against the previous year's figure. Overall, imports continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2021 when imports increased by 20%. Imports peaked at 560 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, upright piano imports totaled $1.1M in 2022. In general, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Imports peaked at $1.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Upright Piano in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 359 | 255 | 306 | 384 | 2.3% |
| Japan | 180 | 56.9 | 233 | 288 | 17.0% |
| China | 218 | 238 | 266 | 275 | 8.1% |
| Indonesia | 397 | 288 | 300 | 193 | -21.4% |
| South Korea | 13.8 | 1.4 | N/A | 0.3 | -72.1% |
| Others | 22.5 | 43.1 | 34.5 | 5.6 | -37.1% |
| Total | 1,190 | 883 | 1,139 | 1,146 | -1.2% |
Top Suppliers of Upright Piano to India in 2022:
- Malaysia (174.0 units)
- China (158.0 units)
- Indonesia (92.0 units)
- Japan (76.0 units)
- South Korea (1.0 units)
Upright Piano Exports in India
In 2022, the amount of acoustic new upright pianos exported from India contracted sharply to 74 units, with a decrease of -46% against 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 756% against the previous year. The exports peaked at 137 units in 2021, and then declined sharply in the following year.
In value terms, upright piano exports dropped sharply to $4.4K in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 86%. Over the period under review, the exports hit record highs at $11K in 2021, and then declined markedly in the following year.
| Export of Upright Piano in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 1.3 | N/A | 2.5 | 102.7% |
| Australia | N/A | 0.3 | 0.5 | 0.8 | 63.3% |
| Egypt | N/A | N/A | N/A | 0.7 | 0% |
| Bangladesh | N/A | N/A | N/A | 0.2 | 0% |
| Bhutan | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Thailand | N/A | 1.9 | N/A | N/A | 0% |
| United Kingdom | 1.1 | N/A | N/A | N/A | 0% |
| Germany | N/A | 3.4 | 0.9 | N/A | -73.5% |
| United Arab Emirates | N/A | N/A | 1.5 | N/A | 0% |
| Mauritius | N/A | N/A | 7.2 | N/A | 0% |
| Canada | 2.3 | N/A | 0.6 | N/A | -48.9% |
| Others | 0.7 | 1.3 | 0.5 | N/A | -15.5% |
| Total | 4.5 | 8.3 | 11.4 | 4.4 | -0.7% |
Top Export Markets for Upright Piano from India in 2022:
- United States (34.0 units)
- Australia (18.0 units)
- Egypt (10.0 units)
- Bangladesh (6.0 units)
- Bhutan (6.0 units)
This report provides an in-depth analysis of the upright piano market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
-
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
-
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
-
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
-
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
-
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
-
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
466
This report provides an in-depth analysis of the upright piano market in India.
703
This report provides an in-depth analysis of the piano market in India.
401
This report provides an in-depth analysis of the grand piano market in India.
390
This report provides an in-depth analysis of the keyboard stringed instrument market in India.
262
This report provides an in-depth analysis of the non-cellular polyethylene film market in India.
552
This report provides an in-depth analysis of the global upright piano market.
1434
This report provides an in-depth analysis of the global piano market.
856
This report provides an in-depth analysis of the global grand piano market.
569
This report provides an in-depth analysis of the global keyboard stringed instrument market.
408
This report provides an in-depth analysis of the global non-cellular polyethylene film market.
549
The global upright piano market revenue amounted to $352M in 2017, growing by 4.2% against the previous year. This figure ...
1042
In value terms, string musical instruments imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indic...
641
In value terms, wind musical instruments imports totaled $X in 2016. Overall, wind musical instruments imports continue to indicate a relatively flat trend pattern. Global wind musical instruments ...
952
In value terms, percussion musical instruments imports amounted to $X in 2016. Overall, percussion musical instruments imports continue to indicate a mild downturn. In that year, global percussion ...
844
In value terms, musical boxes, fairground and mechanical street organs imports stood at $X in 2016. Overall, musical boxes, fairground and mechanical street organs imports continue to indicate a pr...
732
In value terms, musical instrument parts imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern rem...
1905
In value terms, string musical instruments exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X>
762
In value terms, wind musical instruments exports amounted to $X in 2016. In general, wind musical instruments exports continue to indicate a relatively flat trend pattern. Over the period under rev...
707
In value terms, percussion musical instruments exports totaled $X in 2016. Overall, percussion musical instruments exports continue to indicate a relatively flat trend pattern. Global percussion mu...
571
In value terms, musical boxes, fairground and mechanical street organs exports stood at $X in 2016. In general, musical boxes, fairground and mechanical street organs exports continue to indicate a...
