Report Update Nov 1, 2024

Chile - Pianos and Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Piano Market 2024

Piano Market Size in Chile

In 2021, the Chilean piano market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2013; afterwards, it flattened through to 2021.

Piano Exports

Exports from Chile

In 2021, the amount of pianos and other keyboard stringed musical instruments exported from Chile soared to X kg, picking up by 103% against the year before. Overall, exports showed a resilient expansion. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, piano exports skyrocketed to $X in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 126%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Bolivia (X kg) was the main destination for piano exports from Chile, accounting for a 62% share of total exports. Moreover, piano exports to Bolivia exceeded the volume sent to the second major destination, Israel (X kg), threefold. The third position in this ranking was held by Peru (X kg), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bolivia stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+19.6% per year) and Peru (+32.0% per year).

In value terms, Bolivia ($X) remains the key foreign market for pianos and other keyboard stringed musical instruments exports from Chile, comprising 85% of total exports. The second position in the ranking was taken by Peru ($X), with a 5.7% share of total exports. It was followed by Israel, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+39.8% per year) and Israel (+21.5% per year).

Export Prices by Country

The average piano export price stood at $X per ton in 2021, with an increase of 3.3% against the previous year. Overall, the export price recorded a modest expansion. The pace of growth appeared the most rapid in 2019 an increase of 55% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Israel ($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 Austria (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Piano Imports

Imports into Chile

In 2021, purchases abroad of pianos and other keyboard stringed musical instruments was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports enjoyed noticeable growth. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, piano imports soared to $X in 2021. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 158%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Panama (X tons) and China (X tons) were the main suppliers of piano imports to Chile, with a combined 54% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +59.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Panama ($X) constituted the largest supplier of pianos and other keyboard stringed musical instruments to Chile, comprising 44% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Panama totaled +90.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.5% per year) and China (+0.0% per year).

Import Prices by Country

The average piano import price stood at $X per ton in 2021, growing by 20% against the previous year. Overall, the import price recorded strong growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 80%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Panama ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+19.2%), 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 pianos and other keyboard stringed musical instruments in the world?

China constituted the country with the largest volume of piano consumption, comprising approx. 30% of total volume. Moreover, piano consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Pakistan ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of pianos and other keyboard stringed musical instruments in the world?

Japan remains the largest piano producing country worldwide, accounting for 29% of total volume. Moreover, piano production in Japan exceeded the figures recorded by the second-largest producer, China, twofold. Indonesia ranked third in terms of total production with a 13% share.

What are the leading suppliers of pianos and other keyboard stringed musical instruments to Chile?

In value terms, the largest piano suppliers to Chile were Panama, the United States and Japan, together comprising 70% of total imports. South Korea, Sweden, China and Germany lagged somewhat behind, together comprising a further 26%.

What are the leading importers of pianos and other keyboard stringed musical instruments from Chile?

In value terms, Peru emerged as the key foreign market for piano exports from Chile, comprising 54% of total exports. The second position in the ranking was occupied by Bolivia, with a 21% share of total exports. It was followed by Israel, with a 16% share.

What is the average export price for pianos and other keyboard stringed musical instruments in Chile?

The average piano export price stood at $33,264 per ton in 2020, reducing by -15.4% against the previous year.

What is the average import price for pianos and other keyboard stringed musical instruments in Chile?

The average piano import price stood at $14,268 per ton in 2020, surging by 9.5% against the previous year.

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

Chile

Data coverage:

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