Latest Report Update: May 26, 2021

Russian Federation - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Russian Federation: Piano Market Overview 2021

Piano Market Size in the Russian Federation

After three years of growth, the Russian piano market decreased by -X% to $X in 2020. Over the period under review, consumption, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2008 when the market value increased by X% year-to-year. Piano consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Piano Exports

Exports from the Russian Federation

In 2020, after three years of growth, there was significant decline in overseas shipments of pianos and other keyboard stringed musical instruments, when their volume decreased by -X% to X units. Overall, exports, however, saw perceptible growth. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. As a result, exports attained the peak of X units. From 2012 to 2020, the growth exports remained at a lower figure.

In value terms, piano exports reduced dramatically to $X in 2020. Over the period under review, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2019, and then declined remarkably in the following year.

Exports by Country

China (X units) was the main destination for piano exports from Russia, with a X% share of total exports. Moreover, piano exports to China exceeded the volume sent to the second major destination, Germany (X units), fourfold. Croatia (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Croatia (+X% per year).

In value terms, the largest markets for piano exported from Russia were Germany ($X), China ($X) and the Czech Republic ($X), with a combined X% share of total exports.

China saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average piano export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2012 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2010; however, from 2011 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Israel, while the prices for the other major destinations experienced more modest paces of growth.

Piano Imports

Imports into the Russian Federation

After three years of growth, overseas purchases of pianos and other keyboard stringed musical instruments decreased by -X% to X units in 2020. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2009 to 2020, the growth imports remained at a lower figure.

In value terms, piano imports contracted slightly to $X in 2020. In general, imports, however, recorded temperate growth. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports remained at a lower figure.

Imports by Country

Japan (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of piano imports to Russia, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Japan, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest piano suppliers to Russia were Germany ($X), Japan ($X) and the Czech Republic ($X), together accounting for X% of total imports.

In terms of the main suppliers, Japan recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average piano import price stood at $X per unit in 2020, picking up by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pianos and other keyboard stringed musical instruments in the world?
+
Indonesia (49K units) remains the largest piano consuming country worldwide, comprising approx. 22% of total volume. Moreover, piano consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Italy (22K units), twofold. Viet Nam (21K units) ranked third in terms of total consumption with a 9.3% share.
What are the largest producers of pianos and other keyboard stringed musical instruments in the world?
+
The countries with the highest volumes of piano production in 2020 were Japan (145K units), Indonesia (78K units) and Italy (23K units), with a combined 84% share of global production. The Czech Republic, India, Germany and Malaysia lagged somewhat behind, together accounting for a further 12%.
What are the leading suppliers of pianos and other keyboard stringed musical instruments to the Russian Federation?
+
In value terms, Germany ($5.6M), Japan ($5.4M) and the Czech Republic ($1.7M) were the largest piano suppliers to Russia, with a combined 84% share of total imports.
What are the leading importers of pianos and other keyboard stringed musical instruments from the Russian Federation?
+
In value terms, Germany ($53K), China ($28K) and the Czech Republic ($6K) appeared to be the largest markets for piano exported from Russia worldwide, with a combined 96% share of total exports.
What is the average export price for pianos and other keyboard stringed musical instruments in the Russian Federation?
+
In 2020, the average piano export price amounted to $3,477 per unit, surging by 17% against the previous year.
What is the average import price for pianos and other keyboard stringed musical instruments in the Russian Federation?
+
In 2020, the average piano import price amounted to $5,403 per unit, surging by 8.7% against the previous year.

Product coverage:
• Prodcom 32201110 - Acoustic new upright pianos (including automatic pianos)
• Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
• Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)

This report provides an in-depth analysis of the piano market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Russia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the Russian Federation
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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