Report Update Nov 1, 2024

Bulgaria - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Grand Piano Market 2024

Grand Piano Market Size in Bulgaria

In 2021, the Bulgarian grand piano market increased by 5.9% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a significant increase. Grand piano consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Grand Piano Production in Bulgaria

In value terms, grand piano production reduced rapidly to $X in 2021 estimated in export price. In general, production, however, saw a mild expansion. The most prominent rate of growth was recorded in 2015 when the production volume increased by 38% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then declined sharply in the following year.

Grand Piano Exports

Exports from Bulgaria

In 2019, shipments abroad of acoustic grand pianos decreased by -77.1% to X kg, falling for the third year in a row after five years of growth. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 286% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2019, the exports stood at a somewhat lower figure.

In value terms, grand piano exports declined sharply to $X in 2019. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 497% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg), the United States (X kg) and Oman (X kg) were the main destinations of grand piano exports from Bulgaria.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X) emerged as the key foreign market for acoustic grand pianos exports from Bulgaria, comprising 72% of total exports. The second position in the ranking was held by the United States ($X), with a 24% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.1% per year) and Oman (0.0% per year).

Export Prices by Country

In 2019, the average grand piano export price amounted to $X per ton, jumping by 29% against the previous year. Over the period under review, the export price, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 55% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was China ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Grand Piano Imports

Imports into Bulgaria

In 2021, supplies from abroad of acoustic grand pianos decreased by 0% to X kg, falling for the third consecutive year after three years of growth. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 513% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, grand piano imports stood at $X in 2021. In general, imports saw a strong expansion. The growth pace was the most rapid in 2013 with an increase of 722%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X kg) and Germany (X kg) were the main suppliers of grand piano imports to Bulgaria.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +23.3%).

In value terms, the largest grand piano suppliers to Bulgaria were Japan ($X) and Germany ($X).

Among the main suppliers, Germany, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average grand piano import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a abrupt descent. The pace of growth appeared the most rapid in 2016 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acoustic grand pianos in the world?

The country with the largest volume of grand piano consumption was Japan, comprising approx. 27% of total volume. Moreover, grand piano consumption in Japan exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. The third position in this ranking was occupied by the United States, with an 11% share.

What are the largest producers of acoustic grand pianos in the world?

Japan remains the largest grand piano producing country worldwide, comprising approx. 62% of total volume. Moreover, grand piano production in Japan exceeded the figures recorded by the second-largest producer, Indonesia, twofold. The third position in this ranking was occupied by Germany, with a 7.3% share.

What are the leading suppliers of acoustic grand pianos to Bulgaria?

In value terms, Germany constituted the largest supplier of grand piano to Bulgaria, comprising 58% of total imports. The second position in the ranking was occupied by Austria, with a 15% share of total imports. It was followed by Japan, with an 11% share.

What are the leading importers of acoustic grand pianos from Bulgaria?

In value terms, China emerged as the key foreign market for grand piano exports from Bulgaria, comprising 72% of total exports. The second position in the ranking was occupied by the United States, with a 24% share of total exports.

What is the average export price for acoustic grand pianos in Bulgaria?

The average grand piano export price stood at $21,390 per ton in 2019, reducing by -6.7% against the previous year.

What is the average import price for acoustic grand pianos in Bulgaria?

The average grand piano import price stood at $69,528 per ton in 2019, jumping by 45% against the previous year.

This report provides an in-depth analysis of the grand piano market in Bulgaria. 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 32201130 - Acoustic grand pianos (including automatic pianos)

Country coverage:

Bulgaria

Data coverage:

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