World - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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Piano market: discover the latest facts and figures featured by an Ai-driven market intelligence platform. Info include production, market size, market prices, consumption, companies, trade, imports, and exports. There is a breakdown by region, including China, the U.K., Latin America, EU, Africa, Russia, the Middle East, and the U.S. Market trends and forecast to 2030 are also featured in the reports.
Piano - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | Pakistan |
| 4 | Spain |
| 5 | Indonesia |
In value terms, China, the United States and Pakistan were the countries with the highest levels of market value in 2020, together comprising 41% of the global market. Spain, Indonesia, Ethiopia, the United Arab Emirates, Germany, Japan, Saudi Arabia, Taiwan (Chinese), Sudan and Tanzania lagged somewhat behind, together comprising a further 20%.
The United Arab Emirates (+75.1% per year) saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while piano market for the other global leaders experienced more modest paces of growth.
Piano Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| South Korea | 7914 | 7831 | 8845 | 5.7% |
| Indonesia | 8847 | 8928 | 9489 | 3.6% |
| Japan | 9473 | 9804 | 10816 | 6.9% |
| United Arab Emirates | 10627 | 11390 | 10916 | 1.4% |
| China | 8862 | 11708 | 14103 | 26.2% |
| Czech Republic | 24396 | 25891 | 26394 | 4.0% |
| Germany | 36287 | 36620 | 49081 | 16.3% |
| Average | 11776 | 12361 | 14625 | 11.4% |
Prices varied noticeably by the country of origin; the country with the highest price was Germany ($49,081 per ton), while South Korea ($8,845 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Canada | 29355 | 27941 | 35245 | 9.6% |
| United Kingdom | 21531 | 22915 | 20928 | -1.4% |
| France | 20254 | 21311 | 20332 | 0.2% |
| Australia | 16971 | 16518 | 18452 | 4.3% |
| Germany | 16673 | 16480 | 17841 | 3.4% |
| United States | 20769 | 20191 | 17475 | -8.3% |
| South Korea | 14882 | 15252 | 15500 | 2.1% |
| Hong Kong SAR | 14735 | 14816 | 14521 | -0.7% |
| Netherlands | 20829 | 17813 | 14034 | -17.9% |
| China | 5934 | 10125 | 10473 | 32.9% |
| United Arab Emirates | 24725 | 19056 | 4923 | -55.4% |
| Panama | 5910 | 5745 | 4796 | -9.9% |
| Vietnam | 5345 | 5069 | 4258 | -10.7% |
| Average | 11018 | 14006 | 13884 | 12.3% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Canada ($35,245 per ton), while Vietnam ($4,258 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.
Piano - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | 239 | 269 | 218 | -4.5% |
| United States | 119 | 124 | 80 | -18.1% |
| Germany | 55 | 63 | 54 | -1.3% |
| Canada | 33 | 29 | 33 | -1.0% |
| France | 31 | 34 | 28 | -6.0% |
In value terms, China ($218M) constitutes the largest market for imported pianos and other keyboard stringed musical instruments worldwide, comprising 29% of global imports. The second position in the ranking was occupied by the United States ($80M), with a 11% share of global imports. It was followed by Germany, with a 7.1% share.
From 2018 to 2020, the average annual growth rate of value in China amounted to -4.5%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (-18.1% per year) and Germany (-1.3% per year).
Piano - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Japan | 315 | 338 | 303 | -1.9% |
| Germany | 146 | 157 | 159 | 4.2% |
| Indonesia | 135 | 153 | 104 | -12.5% |
| China | 55 | 50 | 45 | -9.3% |
| Czech Republic | 24 | 24 | 22 | -4.5% |
In value terms, the largest piano supplying countries worldwide were Japan ($304M), Germany ($159M) and Indonesia ($104M), together comprising 70% of global exports. These countries were followed by China, the Czech Republic, South Korea and the United Arab Emirates, which together accounted for a further 13%.
Among the main exporting countries, the United Arab Emirates (+196.9% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.
Piano - Market Forecast
The piano market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.7% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.
Piano - Product Coverage
- HS 920110 - Musical instruments; pianos, upright, including automatic pianos
- HS 920120 - Musical instruments; pianos, grand
- HS 920190 - Musical instruments; harpsichords and other keyboard stringed instruments n.e.s. in heading no. 9201
This report provides an in-depth analysis of the global piano market. 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)
- Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
- Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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