Africa: Grand Piano Market 2024

Grand Piano Market Size in Africa

After two years of growth, the African grand piano market decreased by X% to $X in 2022. Overall, consumption, however, continues to indicate a noticeable increase. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Grand Piano Production in Africa

In value terms, grand piano production declined remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed measured growth. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Grand Piano Exports

Exports in Africa

In 2022, after two years of decline, there was significant growth in overseas shipments of acoustic grand pianos, when their volume increased by X% to X units. Overall, exports, however, showed a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, grand piano exports dropped significantly to $X in 2022. Over the period under review, exports, however, saw a mild reduction. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X units) represented the key exporter of acoustic grand pianos, comprising X% of total exports. It was distantly followed by Burundi (X units), Malawi (X units), Rwanda (X units), Ethiopia (X units) and Kenya (X units), together creating a X% share of total exports. The following exporters - Angola (X units), Botswana (X units), Ghana (X units), Cote d'Ivoire (X units), Mauritius (X units), Swaziland (X units) and Egypt (X units) - each recorded a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Burundi (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Burundi emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire, Malawi, Botswana, Swaziland and Angola experienced a relatively flat trend pattern. By contrast, Ghana (X%), Ethiopia (X%), Egypt (X%), Mauritius (X%) and Rwanda (X%) illustrated a downward trend over the same period. Malawi (X p.p.), Burundi (X p.p.), Rwanda (X p.p.), Kenya (X p.p.), Cote d'Ivoire (X p.p.), Mauritius (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana, Ethiopia, Egypt and South Africa saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest grand piano supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Ethiopia ($X), with a X% share of total exports. It was followed by Ghana, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ethiopia (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, reducing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then reduced markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Rwanda (X%), while the other leaders experienced more modest paces of growth.

Grand Piano Imports

Imports in Africa

In 2022, grand piano imports in Africa declined remarkably to X units, with a decrease of X% on 2021 figures. Over the period under review, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, grand piano imports contracted notably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

South Africa (X units) and Mozambique (X units) represented the major importers of acoustic grand pianos in 2022, accounting for approx. X% and X% of total imports, respectively. Burundi (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (X%). Kenya (X units), Malawi (X units), Ethiopia (X units), Algeria (X units), Tanzania (X units), Ghana (X units) and Egypt (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mozambique (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported acoustic grand pianos in Africa, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with an X% share of total imports. It was followed by Algeria, with a X% share.

In South Africa, grand piano imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Algeria (X% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Algeria ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :