SADC: Grand Piano Market 2024

Grand Piano Market Size in SADC

The SADC grand piano market soared to $X in 2022, surging by X% against the previous year. Over the period under review, consumption continues to indicate a measured expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Grand Piano Production in SADC

In value terms, grand piano production contracted markedly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Grand Piano Exports

Exports in SADC

In 2022, overseas shipments of acoustic grand pianos increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, grand piano exports contracted notably to $X in 2022. In general, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

South Africa was the key exporter of acoustic grand pianos in SADC, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Malawi (X units), constituting a X% share of total exports. The following exporters - Angola (X units), Botswana (X units), Mauritius (X units), Swaziland (X units) and Tanzania (X units) - each finished at a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. Tanzania, Malawi, Botswana, Swaziland and Angola experienced a relatively flat trend pattern. Mauritius (X%) illustrated a downward trend over the same period. Malawi (X p.p.), Mauritius (X p.p.), Tanzania (X p.p.) and Angola (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa 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, South Africa ($X) remains the largest grand piano supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Tanzania ($X), with a X% share of total exports. It was followed by Malawi, with a X% share.

From 2012 to 2022, the average annual growth rate of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Tanzania (X% per year) and Malawi (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Mauritius ($X per unit) was amongst the lowest.

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

Grand Piano Imports

Imports in SADC

In 2022, approx. X units of acoustic grand pianos were imported in SADC; growing by X% compared with 2021 figures. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grand piano imports surged to $X in 2022. Total imports 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

South Africa (X units) and Mozambique (X units) dominates imports structure, together constituting X% of total imports. The following importers - Malawi (X units), Tanzania (X units), Namibia (X units) and Angola (X units) - together made up X% of total imports.

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

In value terms, South Africa ($X) constitutes the largest market for imported acoustic grand pianos in SADC, comprising X% of total imports. The second position in the ranking was held by Angola ($X), with a X% share of total imports. It was followed by Namibia, with a X% share.

In South Africa, grand piano imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Angola (X% per year) and Namibia (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the 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 Angola ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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