CIS: Piano Market 2024

Piano Market Size in CIS

The CIS piano market rose significantly to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Piano Production in CIS

In value terms, piano production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Piano Exports

Exports in CIS

In 2022, after three years of growth, there was significant decline in shipments abroad of pianos and other keyboard stringed musical instruments, when their volume decreased by X% to X units. In general, exports showed a slight slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then fell dramatically in the following year.

In value terms, piano exports fell rapidly to $X in 2022. Over the period under review, exports showed a noticeable decrease. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

Russia (X units) and Belarus (X units) prevails in exports structure, together comprising X% of total exports. Kazakhstan (X units) took the next position in the ranking, followed by Azerbaijan (X units). All these countries together took approx. X% share of total exports. Moldova (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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 the CIS stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Russia ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

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

Piano Imports

Imports in CIS

In 2022, piano imports in the CIS surged to X units, rising by X% on 2021 figures. Overall, imports showed a mild expansion. The growth pace was the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, piano imports fell dramatically to $X in 2022. Over the period under review, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the largest importer of pianos and other keyboard stringed musical instruments in the CIS, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by Azerbaijan (X units), generating a X% share of total imports. Kazakhstan (X units), Moldova (X units), Uzbekistan (X units) and Belarus (X units) held a relatively small share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of pianos and other keyboard stringed musical instruments. At the same time, Uzbekistan (X%), Azerbaijan (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) and Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Azerbaijan, Moldova and Uzbekistan increased by X, X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported pianos and other keyboard stringed musical instruments in the CIS, comprising X% of total imports. The second position in the ranking was held by Azerbaijan ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Russia, piano imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Azerbaijan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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