Africa: Upright Piano Market 2024

Upright Piano Market Size in Africa

The African upright piano market amounted to $X in 2022, approximately reflecting the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.6% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Upright Piano Production in Africa

In value terms, upright piano production amounted to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 45% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Upright Piano Exports

Exports in Africa

In 2022, approx. X units of acoustic new upright pianos were exported in Africa; waning by -17.4% on the previous year. Overall, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 86%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, upright piano exports shrank to $X in 2022. In general, exports showed a abrupt downturn. The growth pace was the most rapid in 2019 with an increase of 74%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units) and Nigeria (X units) represented the largest exporters of acoustic new upright pianos in 2022, resulting at near 18% and 15% of total exports, respectively. It was distantly followed by Cote d'Ivoire (X units), Angola (X units), Egypt (X units), Ethiopia (X units) and Malawi (X units), together comprising a 30% share of total exports. Ghana (X units), Kenya (X units), Namibia (X units), Zambia (X units), Morocco (X units) and Mozambique (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Cote d'Ivoire ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022, with a combined 61% share of total exports.

Cote d'Ivoire, with a CAGR of +39.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, with an increase of 3.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 98% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+32.7%), while the other leaders experienced more modest paces of growth.

Upright Piano Imports

Imports in Africa

In 2022, the amount of acoustic new upright pianos imported in Africa dropped significantly to X units, falling by -17.4% against the previous year's figure. Over the period under review, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of 54%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, upright piano imports reached $X in 2022. Overall, imports recorded a pronounced contraction. The pace of growth appeared the most rapid in 2017 with an increase of 42%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Burundi (X units) and Kenya (X units) were the main importers of acoustic new upright pianos in 2022, reaching near 26% and 20% of total imports, respectively. Nigeria (X units) held an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (8.5%), South Africa (6.2%) and Mozambique (4.9%). Tunisia (X units), Egypt (X units) and Angola (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Burundi (with a CAGR of +43.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest upright piano importing markets in Africa were Morocco ($X), Nigeria ($X) and South Africa ($X), with a combined 52% share of total imports. Kenya, Egypt, Tunisia, Burundi, Angola and Mozambique lagged somewhat behind, together accounting for a further 33%.

Burundi, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, growing by 23% against the previous year. Over the period under review, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by 31% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Burundi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+26.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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