Africa: Upright Piano Market 2024

Upright Piano Market Size in Africa

The African upright piano market reached $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Upright Piano Production in Africa

In value terms, upright piano production expanded to $X in 2022 estimated in export price. The total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Upright Piano Exports

Exports in Africa

In 2022, approx. X units of acoustic new upright pianos were exported in Africa; which is down by X% compared with 2021. In general, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined dramatically in the following year.

In value terms, upright piano exports declined rapidly to $X in 2022. Over the period under review, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X units) and Gabon (X units) were the largest exporters of acoustic new upright pianos in Africa, together amounting to approx. X% of total exports. Democratic Republic of the Congo (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Kenya (X%), Angola (X%), Ghana (X%) and Cote d'Ivoire (X%). The following exporters - Egypt (X units), Tanzania (X units), Ethiopia (X units), Morocco (X units) and Uganda (X units) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Gabon ($X), South Africa ($X) and Ghana ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Ghana, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Ghana ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

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

Upright Piano Imports

Imports in Africa

In 2022, the amount of acoustic new upright pianos imported in Africa dropped markedly to X units, waning by X% compared with 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then declined remarkably in the following year.

In value terms, upright piano imports dropped to $X in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Burundi (X units) and Morocco (X units) were the major importers of acoustic new upright pianos in Africa, together making up X% of total imports. It was distantly followed by South Africa (X units), mixing up a X% share of total imports. Ethiopia (X units), Tunisia (X units), Mozambique (X units), Kenya (X units), Egypt (X units), Gabon (X units), Angola (X units) and Tanzania (X units) followed a long way behind the leaders.

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

In value terms, Morocco ($X), Ethiopia ($X) and South Africa ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Egypt, Tunisia, Angola, Burundi, Gabon, Kenya, Mozambique and Tanzania lagged somewhat behind, together accounting for a further X%.

Burundi, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Ethiopia ($X per unit), while Burundi ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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