Dominican Republic - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUpright Piano Price in the Dominican Republic - 2023
Contents:
- Upright Piano Price in the Dominican Republic (CIF) - 2022
- Upright Piano Price in the Dominican Republic (FOB) - 2022
- Upright Piano Imports in the Dominican Republic
- Upright Piano Exports in the Dominican Republic
Upright Piano Price in the Dominican Republic (CIF) - 2022
The average upright piano import price stood at $2,255 per unit in 2022, growing by 136% against the previous year. Overall, the import price enjoyed a temperate increase. Over the period under review, average import prices hit record highs at $2,469 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Indonesia ($8,306 per unit), while the price for the UK ($89 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+31.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Upright Piano Price in the Dominican Republic (FOB) - 2022
The average upright piano export price stood at $82 per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price recorded a perceptible increase. The pace of growth appeared the most rapid in 2013 an increase of 650%. The export price peaked at $1,459 per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($100 per unit), while the average price for exports to the Netherlands ($55 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 Haiti (-6.7%), while the prices for the other major destinations experienced a decline.
Upright Piano Imports in the Dominican Republic
Upright piano imports into the Dominican Republic shrank sharply to 20 units in 2022, falling by -31% against the previous year. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of 29 units, and then fell remarkably in the following year.
In value terms, upright piano imports skyrocketed to $45K in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Upright Piano in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 10.4 | 14.8 | 8.0 | 24.9 | 33.8% |
| China | 15.3 | 6.3 | 12.0 | 10.6 | -11.5% |
| United States | 10.7 | 5.0 | 5.1 | 7.6 | -10.8% |
| Netherlands | 0.4 | 0.4 | 0.2 | 0.9 | 31.0% |
| France | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Spain | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| United Kingdom | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| South Korea | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Canada | N/A | 0.1 | 0.2 | N/A | 100.0% |
| Others | 1.1 | 1.1 | 1.8 | N/A | 27.9% |
| Total | 38.2 | 28.0 | 27.7 | 45.1 | 5.7% |
Top Suppliers of Upright Piano to the Dominican Republic in 2022:
- China (8.0 units)
- United States (4.0 units)
- Indonesia (3.0 units)
- Netherlands (1.0 units)
- France (1.0 units)
- United Kingdom (1.0 units)
- South Korea (1.0 units)
- Spain (1.0 units)
Upright Piano Exports in the Dominican Republic
In 2022, upright piano exports from the Dominican Republic amounted to 5 units, approximately reflecting 2021. Overall, exports saw a relatively flat trend pattern. The smallest decline of -40% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, upright piano exports stood at $410 in 2022. Over the period under review, exports continue to indicate a pronounced downturn. The smallest decline of -69.8% was in 2020. Over the period under review, the exports reached the maximum at $460 in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Upright Piano in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | N/A | N/A | N/A | 200 | 0% |
| Netherlands | N/A | N/A | N/A | 110 | 0% |
| Mexico | N/A | N/A | N/A | 100 | 0% |
| Haiti | 106 | 81.0 | N/A | N/A | -23.6% |
| Guatemala | 122 | N/A | N/A | N/A | 0% |
| United States | 30.0 | 8.0 | N/A | N/A | -73.3% |
| Panama | N/A | 50.0 | N/A | N/A | 0% |
| Cuba | 202 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 460 | 139 | N/A | 410 | -3.8% |
Top Export Markets for Upright Piano from the Dominican Republic in 2022:
- United Arab Emirates (2.0 units)
- Netherlands (2.0 units)
- Mexico (1.0 units)
This report provides an in-depth analysis of the upright piano market in the Dominican Republic. 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:
- Dominican Republic
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Dominican Republic
- 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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