Report Update Nov 1, 2024

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

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Peru: Grand Piano Market 2024

Grand Piano Market Size in Peru

In 2021, the Peruvian grand piano market increased by 59% to $X for the first time since 2015, thus ending a five-year declining trend. In general, consumption recorded a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Grand Piano Exports

Exports from Peru

In 2018, overseas shipments of acoustic grand pianos decreased by 0% to X kg, falling for the second year in a row after two years of decline. Overall, exports enjoyed significant growth. The smallest decline of 99.9% was in 2017. The exports peaked in 2018 and are expected to retain growth in the near future.

In value terms, grand piano exports totaled $X in 2018. Over the period under review, exports posted a significant increase. The smallest decline of 99.9% was in 2017. The exports peaked in 2018 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X kg) was the main destination for grand piano exports from Peru, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to the United States totaled +10.4%.

From 2012 to 2018, the average annual rate of growth in terms of value to the United States amounted to +11.8%.

Export Prices by Country

The average grand piano export price stood at $X per ton in 2018, stabilizing at the previous year. Overall, the export price showed buoyant growth. The pace of growth was the most pronounced in 2017 a decrease of 99.9%. The export price peaked in 2018 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2018, the rate of growth in terms of prices for the United States amounted to +1.2% per year.

Grand Piano Imports

Imports into Peru

For the sixth consecutive year, Peru recorded decline in overseas purchases of acoustic grand pianos, which decreased by -5.4% to X tons in 2021. Overall, imports saw a significant decline. The most prominent rate of growth was recorded in 2015 when imports increased by 1,726% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, grand piano imports skyrocketed to $X in 2021. In general, imports saw a perceptible setback. The pace of growth was the most pronounced in 2015 with an increase of 1,004%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X kg), Japan (X kg) and the United States (X kg) were the main suppliers of grand piano imports to Peru, with a combined 82% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -10.1%), while imports for the other leaders experienced a decline.

In value terms, the largest grand piano suppliers to Peru were the Czech Republic ($X), Japan ($X) and China ($X), with a combined 61% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +6.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average grand piano import price amounted to $X per ton, picking up by 389% against the previous year. Over the period under review, the import price continues to indicate a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+88.5%), 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 grand pianos in the world?

Japan constituted the country with the largest volume of grand piano consumption, 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?

The country with the largest volume of grand piano production was Japan, accounting for 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 Peru?

In value terms, China constituted the largest supplier of grand piano to Peru, comprising 68% of total imports. The second position in the ranking was occupied by the United States, with a 19% share of total imports. It was followed by Japan, with a 12% share.

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

In 2020, the average grand piano import price amounted to $9,459 per ton, waning by -45.7% against the previous year.

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

Peru

Data coverage:

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