Serbia - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUpright Piano Price in Serbia - 2023
Contents:
- Upright Piano Price in Serbia (CIF) - 2022
- Upright Piano Price in Serbia (FOB) - 2022
- Upright Piano Imports in Serbia
- Upright Piano Exports in Serbia
Upright Piano Price in Serbia (CIF) - 2022
In 2022, the average upright piano import price amounted to $3,402 per unit, flattening at the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, upright piano import price increased by +80.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 45% against the previous year. As a result, import price reached the peak level of $3,426 per unit, leveling off in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($7,239 per unit), while the price for Germany ($560 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Upright Piano Price in Serbia (FOB) - 2022
The average upright piano export price stood at $480 per unit in 2022, shrinking by -60.2% against the previous year. In general, the export price saw a pronounced shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 199% against the previous year. As a result, the export price attained the peak level of $3,120 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($2,605 per unit), while the average price for exports to North Macedonia amounted to $316 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.
Upright Piano Imports in Serbia
In 2022, after two years of decline, there was significant growth in purchases abroad of acoustic new upright pianos, when their volume increased by 59% to 70 units. Overall, imports, however, saw a abrupt shrinkage. Imports peaked at 84 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, upright piano imports soared to $238K in 2022. In general, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Upright Piano in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 99.1 | 94.6 | 63.0 | 94.3 | -1.6% |
| Japan | 1.1 | 14.3 | 48.4 | 61.4 | 282.2% |
| China | 49.2 | 11.0 | 31.9 | 60.2 | 7.0% |
| Czech Republic | 7.5 | N/A | 7.2 | 14.5 | 24.6% |
| Germany | 0.1 | 1.8 | 0.2 | 0.6 | 81.7% |
| Others | 1.0 | 0.8 | N/A | 7.1 | 92.2% |
| Total | 158 | 123 | 151 | 238 | 14.6% |
Top Suppliers of Upright Piano to Serbia in 2022:
- Indonesia (26.0 units)
- Japan (20.0 units)
- China (19.0 units)
- Czech Republic (2.0 units)
- Germany (1.0 units)
Upright Piano Exports in Serbia
In 2022, the amount of acoustic new upright pianos exported from Serbia surged to 14 units, picking up by 40% on 2021 figures. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.4% 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 -6.7% against 2020 indices. Over the period under review, the exports reached the peak figure at 15 units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, upright piano exports shrank notably to $6.7K in 2022. Over the period under review, exports, however, showed a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 6.6% against the previous year. As a result, the exports reached the peak of $14K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Upright Piano in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 10.8 | 11.1 | 1.5 | 4.1 | -27.6% |
| Bosnia and Herzegovina | 0.2 | 1.5 | 8.5 | 2.6 | 135.1% |
| Croatia | 0.9 | N/A | N/A | N/A | 0% |
| Germany | N/A | 0.5 | N/A | N/A | 0% |
| Slovenia | N/A | N/A | 0.2 | N/A | 0% |
| Montenegro | 0.5 | 1.2 | 0.4 | N/A | -10.6% |
| Greece | N/A | N/A | 1.1 | N/A | 0% |
| Italy | N/A | 0.1 | N/A | N/A | 0% |
| Netherlands | 1.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 13.5 | 14.4 | 12.1 | 6.7 | -20.8% |
Top Export Markets for Upright Piano from Serbia in 2022:
- North Macedonia (13.0 units)
- Bosnia and Herzegovina (1.0 units)
This report provides an in-depth analysis of the upright piano market in Serbia. 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:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- 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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