Brazil: Piano Market 2024

Piano Market Size in Brazil

The Brazilian piano market surged to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Piano Exports

Exports from Brazil

In 2022, approx. X units of pianos and other keyboard stringed musical instruments were exported from Brazil; dropping by X% on 2021 figures. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, piano exports rose sharply to $X in 2022. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Guatemala (X units) and Angola (X units) were the main destinations of piano exports from Brazil, with a combined X% share of total exports. Moreover, piano exports in the United States exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

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

In value terms, the United States ($X) remains the key foreign market for pianos and other keyboard stringed musical instruments exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Guatemala ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Angola (X% per year).

Export Prices by Country

The average piano export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Angola ($X 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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Piano Imports

Imports into Brazil

In 2022, approx. X units of pianos and other keyboard stringed musical instruments were imported into Brazil; rising by X% on the year before. Over the period under review, imports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, piano imports surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Indonesia (X units), China (X units) and Japan (X units) were the main suppliers of piano imports to Brazil, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest piano suppliers to Brazil were Japan ($X), Indonesia ($X) and China ($X), together accounting for X% of total imports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average piano import price amounted to $X per unit, with an increase of X% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price 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, piano import price increased by X% against 2020 indices. The most prominent rate of growth was recorded 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 average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :