Report Vietnam - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Sep 11, 2022

Vietnam - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends and Insights
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Vietnam: Upright Piano Market 2022

Upright Piano Market Size in Vietnam

In 2021, after three years of growth, there was decline in the Vietnamese upright piano market, when its value decreased by less than X% to $X. Overall, consumption, however, saw a prominent expansion. Upright piano consumption peaked at $X in 2020, and then fell slightly in the following year.

Upright Piano Exports

Exports from Vietnam

In 2021, overseas shipments of acoustic new upright pianos were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, upright piano exports declined significantly to $X in 2021. Over the period under review, exports saw strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

Belgium (X tons), the United States (X tons) and Australia (X tons) were the main destinations of upright piano exports from Vietnam, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for upright piano exported from Vietnam were the United States ($X), Belgium ($X) and Australia ($X), with a combined X% share of total exports. These countries were followed by Canada, Germany, the Netherlands and Spain, which together accounted for a further X terms of the main countries of destination, the Netherlands, with a CAGR of +X%, recorded 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 average upright piano export price stood at $X per ton in 2021, reducing by -X% against the previous year. In general, the export price, however, saw resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Upright Piano Imports

Imports into Vietnam

In 2021, purchases abroad of acoustic new upright pianos decreased by less than X% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then contracted slightly in the following year.

In value terms, upright piano imports reached $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) was the main upright piano supplier to Vietnam, with a X% share of total imports. Moreover, upright piano imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +X%.

In value terms, Japan ($X) constituted the largest supplier of upright piano to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with less than X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +X%.

Import Prices by Country

In 2021, the average upright piano import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a pronounced shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%).

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for acoustic new upright pianos in the world?
+
China remains the largest upright piano consuming country worldwide, accounting for 56% of total volume. Moreover, upright piano consumption in China exceeded the figures recorded by the second-largest consumer, Vietnam, tenfold. The third position in this ranking was held by Japan, with a 5.7% share.
What are the largest producers of acoustic new upright pianos in the world?
+
The countries with the highest volumes of upright piano production in 2021 were Japan, South Korea and Indonesia, with a combined 99.9% share of global production.
What are the leading suppliers of acoustic new upright pianos to Vietnam?
+
In value terms, Japan constituted the largest supplier of upright piano to Vietnam, comprising 90% of total imports. The second position in the ranking was held by Taiwan Chinese), with less than 0.1% share of total imports.
What are the leading importers of acoustic new upright pianos from Vietnam?
+
In value terms, the United States, Belgium and Australia appeared to be the largest markets for upright piano exported from Vietnam worldwide, with a combined 75% share of total exports. These countries were followed by Canada, Germany, the Netherlands and Spain, which together accounted for a further 22%.
What is the average export price for acoustic new upright pianos in Vietnam?
+
In 2021, the average upright piano export price amounted to $12,836 per ton, with a decrease of -21.8% against the previous year.
What is the average import price for acoustic new upright pianos in Vietnam?
+
The average upright piano import price stood at $3,959 per ton in 2021, rising by 8.7% against the previous year.

This report provides an in-depth analysis of the upright piano market in Vietnam. 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 2030.


Product coverage:
• Prodcom 32201110 - Acoustic new upright pianos (including automatic pianos)
Country coverage:
• Vietnam

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Vietnam
• 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

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 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
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, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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