Report Update Nov 1, 2024

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

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Malaysia: Grand Piano Market 2024

Grand Piano Market Size in Malaysia

After two years of decline, the Malaysian grand piano market increased by 79% to $X in 2021. In general, consumption, however, recorded a slight downturn. Grand piano consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Grand Piano Exports

Exports from Malaysia

In 2021, after four years of growth, there was significant decline in overseas shipments of acoustic grand pianos, when their volume decreased by -87.6% to X tons. In general, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,532% against the previous year. The exports peaked at X tons in 2020, and then reduced markedly in the following year.

In value terms, grand piano exports reduced rapidly to $X in 2021. Overall, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 2,074% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for grand piano exports from Malaysia, with a 32% share of total exports. Moreover, grand piano exports to the United Arab Emirates exceeded the volume sent to the second major destination, Russia (X kg), twofold. The third position in this ranking was held by Mexico (X kg), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+29.6% per year) and Mexico (+14.2% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for acoustic grand pianos exports from Malaysia, comprising 32% of total exports. The second position in the ranking was taken by Russia ($X), with a 14% share of total exports. It was followed by Mexico, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+24.3% per year) and Mexico (+9.6% per year).

Export Prices by Country

The average grand piano export price stood at $X per ton in 2021, falling by -44% against the previous year. In general, the export price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2020 an increase of 76% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were the Philippines ($X per ton) and Singapore ($X per ton), while the average price for exports to Panama ($X per ton) and Mexico ($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 Philippines (-4.1%), while the prices for the other major destinations experienced a decline.

Grand Piano Imports

Imports into Malaysia

After two years of decline, overseas purchases of acoustic grand pianos increased by 32% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, grand piano imports surged to $X in 2021. In general, imports, however, showed a slight curtailment. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest grand piano supplier to Malaysia, accounting for a 81% share of total imports. Moreover, grand piano imports from Indonesia exceeded the figures recorded by the second-largest supplier, Japan (X tons), eightfold.

From 2012 to 2021, the average annual growth rate of volume from Indonesia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.8% per year) and China (+10.0% per year).

In value terms, Indonesia ($X) constituted the largest supplier of acoustic grand pianos to Malaysia, comprising 68% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.9% per year) and Japan (-6.4% per year).

Import Prices by Country

In 2021, the average grand piano import price amounted to $X per ton, picking up by 14% against the previous year. In general, the import price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2015 an increase of 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

Japan constituted the country with the largest volume of grand piano consumption, accounting for 27% of total volume. Moreover, grand piano consumption in Japan exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. The United States ranked third in terms of total consumption with an 11% share.

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

The country with the largest volume of grand piano production was Japan, 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 Malaysia?

In value terms, Indonesia constituted the largest supplier of grand piano to Malaysia, comprising 67% of total imports. The second position in the ranking was occupied by Japan, with an 18% share of total imports.

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

In value terms, the largest markets for grand piano exported from Malaysia were the United Arab Emirates, Russia and Mexico, with a combined 60% share of total exports.

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

The average grand piano export price stood at $63,505 per ton in 2020, with an increase of 66% against the previous year.

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

In 2020, the average grand piano import price amounted to $17,196 per ton, surging by 9.1% against the previous year.

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

Malaysia

Data coverage:

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