Report Update Nov 1, 2024

Belarus - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends and Insights

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Belarus: Upright Piano Market 2024

Upright Piano Market Size in Belarus

The Belarusian upright piano market was estimated at $X in 2022, with an increase of 3.1% against the previous year. Overall, consumption, however, saw a mild decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Upright Piano Production in Belarus

In value terms, upright piano production reached $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34%. Upright piano production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Upright Piano Exports

Exports from Belarus

For the seventh year in a row, Belarus recorded growth in shipments abroad of acoustic new upright pianos, which increased by 4.7% to X units in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 271% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, upright piano exports contracted sharply to $X in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 307% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Russia (X units) was the main destination for upright piano exports from Belarus, accounting for a 99% share of total exports. It was followed by China (X units), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +71.4%.

In value terms, Russia ($X) remains the key foreign market for acoustic new upright pianos exports from Belarus, comprising 100% of total exports. The second position in the ranking was held by China ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia amounted to +59.8%.

Export Prices by Country

In 2022, the average upright piano export price amounted to $X per unit, which is down by -28.2% against the previous year. In general, the export price recorded a slight curtailment. The pace of growth appeared the most rapid in 2013 an increase of 46%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Russia ($X per unit), while the average price for exports to China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.2%).

Upright Piano Imports

Imports into Belarus

In 2022, the amount of acoustic new upright pianos imported into Belarus dropped markedly to X units, declining by -20% against the year before. Overall, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 74%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, upright piano imports dropped significantly to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 133%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest supplier of upright piano to Belarus, with a 28% share of total imports. Moreover, upright piano imports from the UK exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. Russia (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-14.0% per year) and Russia (0.0% per year).

In value terms, Russia ($X), Italy ($X) and the United Arab Emirates ($X) appeared to be the largest upright piano suppliers to Belarus, with a combined 67% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +42.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average upright piano import price amounted to $X per unit, reducing by -9.4% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acoustic new upright pianos in the world?

The country with the largest volume of upright piano consumption was China, accounting for 56% of total volume. Moreover, upright piano consumption in China exceeded the figures recorded by the second-largest consumer, Vietnam, ninefold. The third position in this ranking was occupied by Japan, with a 5.9% share.

What are the largest producers of acoustic new upright pianos in the world?

Japan remains the largest upright piano producing country worldwide, comprising approx. 62% of total volume. Moreover, upright piano production in Japan exceeded the figures recorded by the second-largest producer, Indonesia, twofold. Germany ranked third in terms of total production with a 2.7% share.

What are the leading suppliers of acoustic new upright pianos to Belarus?

In value terms, the largest upright piano suppliers to Belarus were the Czech Republic, Russia and the United Arab Emirates, together accounting for 83% of total imports. Italy, the UK, Indonesia, Poland and the Netherlands lagged somewhat behind, together comprising a further 14%.

What are the leading importers of acoustic new upright pianos from Belarus?

In value terms, Russia remains the key foreign market for upright piano exports from Belarus.

What is the average export price for acoustic new upright pianos in Belarus?

In 2021, the average upright piano export price amounted to $11,209 per ton, growing by 65% against the previous year.

What is the average import price for acoustic new upright pianos in Belarus?

In 2021, the average upright piano import price amounted to $7,682 per ton, falling by -12.6% against the previous year.

This report provides an in-depth analysis of the upright piano market in Belarus. 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:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023