Report Update Nov 1, 2024

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

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Morocco: Upright Piano Market 2024

Upright Piano Market Size in Morocco

After three years of growth, the Moroccan upright piano market decreased by -18% to $X in 2022. Overall, consumption recorded a noticeable setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Upright Piano Exports

Exports from Morocco

For the fourth consecutive year, Morocco recorded growth in overseas shipments of acoustic new upright pianos, which increased by 100% to X units in 2022. Overall, exports recorded a prominent increase. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, upright piano exports contracted dramatically to $X in 2022. Over the period under review, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by 308%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units) and Burkina Faso (X units) were the main destinations of upright piano exports from Morocco.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of 0.0%).

In value terms, Burkina Faso ($X) emerged as the key foreign market for acoustic new upright pianos exports from Morocco, comprising 78% of total exports. The second position in the ranking was held by Cote d'Ivoire ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso was relatively modest.

Export Prices by Country

The average upright piano export price stood at $X per unit in 2022, shrinking by -69.4% against the previous year. Over the period under review, the export price showed a dramatic curtailment. The most prominent rate of growth was recorded in 2019 an increase of 308%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Burkina Faso ($X per unit), while the average price for exports to Cote d'Ivoire stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-28.5%).

Upright Piano Imports

Imports into Morocco

Upright piano imports into Morocco fell rapidly to X units in 2022, dropping by -40.5% compared with 2021 figures. In general, imports showed a pronounced setback. The growth pace was the most rapid in 2014 when imports increased by 104%. Over the period under review, imports attained the maximum at X units in 2021, and then contracted rapidly in the following year.

In value terms, upright piano imports amounted to $X in 2022. Overall, imports continue to indicate a slight curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 144% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X units), China (X units) and Japan (X units) were the main suppliers of upright piano imports to Morocco, with a combined 91% share of total imports. The Netherlands and France lagged somewhat behind, together comprising a further 4.8%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +9.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), China ($X) and Japan ($X) appeared to be the largest upright piano suppliers to Morocco, with a combined 98% share of total imports.

In terms of the main suppliers, China, with a CAGR of +9.9%, 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 2022, the average upright piano import price amounted to $X per unit, growing by 70% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, upright piano import price increased by +125.7% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.6%), 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?

China constituted the country with the largest volume of upright piano consumption, comprising approx. 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?

The country with the largest volume of upright piano production was Japan, accounting for 62% of total volume. Moreover, upright 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 2.7% share.

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

In value terms, Indonesia, the UK and China were the largest upright piano suppliers to Morocco, together comprising 70% of total imports.

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

In value terms, Cote d'Ivoire $363) remains the key foreign market for upright piano exports from Morocco.

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

In 2019, the average upright piano export price amounted to $5,585 per ton, shrinking by -51.1% against the previous year.

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

In 2021, the average upright piano import price amounted to $11,117 per ton, surging by 27% against the previous year.

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

Morocco

Data coverage:

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