Uruguay: Piano Market 2024

Piano Market Size in Uruguay

The Uruguayan piano market contracted significantly to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Piano Production in Uruguay

In value terms, piano production shrank to $X in 2022 estimated in export price. Overall, production saw a abrupt slump. The growth pace was the most rapid in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Piano Exports

Exports from Uruguay

In 2022, overseas shipments of pianos and other keyboard stringed musical instruments decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, exports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, piano exports shrank dramatically to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

The United States (X units), Paraguay (X units) and Israel (X units) were the main destinations of piano exports from Uruguay. Moreover, piano exports in the United States exceeded the figures recorded by the second-largest exporter, Paraguay, twofold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

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

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

Export Prices by Country

In 2022, the average piano export price amounted to $X per unit, which is down by X% against the previous year. In general, the export price, however, enjoyed a mild expansion. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then fell remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Israel ($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 a decline.

Piano Imports

Imports into Uruguay

In 2022, imports of pianos and other keyboard stringed musical instruments into Uruguay fell sharply to X units, dropping by X% on the year before. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank sharply in the following year.

In value terms, piano imports declined significantly to $X in 2022. In general, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced sharply in the following year.

Imports by Country

The United States (X units), Italy (X units) and Indonesia (X units) were the main suppliers of piano imports to Uruguay. Moreover, piano imports in the United States exceeded the figures recorded by the second-largest supplier, Italy, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of pianos and other keyboard stringed musical instruments to Uruguay, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average piano import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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