Indonesia: Grand Piano Market 2025

Grand Piano Market Size in Indonesia

The Indonesian grand piano market shrank sharply to $X in 2021, dropping by -31.8% against the previous year. Overall, the total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +18.5% against 2019 indices. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Grand Piano Production in Indonesia

In value terms, grand piano production contracted slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 5.1%. As a result, production attained the peak level of $X, and then reduced slightly in the following year.

Grand Piano Exports

Exports from Indonesia

In 2021, approx. X tons of acoustic grand pianos were exported from Indonesia; increasing by 43% against 2020. Overall, exports, however, recorded a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, grand piano exports surged to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Malaysia (X tons) were the main destinations of grand piano exports from Indonesia, together comprising 68% of total exports. These countries were followed by Germany, the United Arab Emirates, Australia, the UK, France, Canada, the Netherlands, South Korea and Japan, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +22.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Malaysia ($X) appeared to be the largest markets for grand piano exported from Indonesia worldwide, with a combined 68% share of total exports. Germany, the United Arab Emirates, the UK, Australia, the Netherlands, France, Canada, South Korea and Japan lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, the Netherlands, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grand piano export price stood at $X per ton in 2021, increasing by 2.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 4.9%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat for the major export markets. In 2021, the countries with the highest prices were the Netherlands ($X per ton) and the UK ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Grand Piano Imports

Imports into Indonesia

In 2021, approx. X tons of acoustic grand pianos were imported into Indonesia; with a decrease of -43.8% against the year before. In general, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2016 with an increase of 208%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, grand piano imports declined sharply to $X in 2021. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 55%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Singapore (X tons) were the main suppliers of grand piano imports to Indonesia, together comprising 69% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +31.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grand piano suppliers to Indonesia were Singapore ($X), Japan ($X) and China ($X), together accounting for 53% of total imports.

Among the main suppliers, China, with a CAGR of +12.7%, saw the highest rates of growth with regard to 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 2021, the average grand piano import price amounted to $X per ton, increasing by 43% against the previous year. Overall, the import price posted buoyant growth. The growth pace was the most rapid in 2017 an increase of 79%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+67.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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