Australia and Oceania: Piano Market 2024

Piano Market Size in Australia and Oceania

In 2022, the piano market in Australia and Oceania increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a measured increase 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Piano Production in Australia and Oceania

In value terms, piano production dropped significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Piano Exports

Exports in Australia and Oceania

In 2022, piano exports in Australia and Oceania fell dramatically to X units, waning by X% compared with 2021 figures. In general, exports showed a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, piano exports soared to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by New Zealand (X units), creating a X% share of total exports. New Caledonia (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the pianos and other keyboard stringed musical instruments exports, with a CAGR of X% from 2012 to 2022. New Caledonia (X%) and New Zealand (X%) illustrated a downward trend over the same period. Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest piano supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and New Caledonia (X% per year).

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price enjoyed perceptible growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per unit), while New Caledonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the export price figures.

Piano Imports

Imports in Australia and Oceania

In 2022, the amount of pianos and other keyboard stringed musical instruments imported in Australia and Oceania declined to X units, waning by X% compared with the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, piano imports expanded significantly to $X in 2022. Total imports indicated a resilient expansion 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Australia was the largest importing country with an import of about X units, which reached X% of total imports. It was distantly followed by New Zealand (X units), committing a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to piano imports into Australia stood at X%. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. While the share of New Zealand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.) displayed negative dynamics.

In value terms, Australia ($X) constitutes the largest market for imported pianos and other keyboard stringed musical instruments in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%.

Import Prices by Country

The import price in Australia and Oceania stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

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