Report Update Nov 1, 2024

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

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Portugal: Upright Piano Market 2024

Upright Piano Market Size in Portugal

For the third consecutive year, the Portuguese upright piano market recorded growth in sales value, which increased by 19% to $X in 2022. In general, consumption, however, recorded a noticeable slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Upright Piano Exports

Exports from Portugal

In 2022, the amount of acoustic new upright pianos exported from Portugal shrank markedly to X units, dropping by -79.4% against the previous year's figure. Overall, exports showed a mild reduction. The growth pace was the most rapid in 2015 with an increase of 1,950%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, upright piano exports contracted rapidly to $X in 2022. Over the period under review, exports, however, recorded moderate growth. The growth pace was the most rapid in 2019 with an increase of 22,166%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X units) was the main destination for upright piano exports from Portugal, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Angola amounted to +3.4%.

In value terms, Angola ($X) emerged as the key foreign market for acoustic new upright pianos exports from Portugal.

From 2012 to 2022, the average annual growth rate of value to Angola amounted to +5.7%.

Export Prices by Country

In 2022, the average upright piano export price amounted to $X per unit, surging by 76% against the previous year. Overall, the export price recorded a temperate increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,924%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Angola amounted to +2.2% per year.

Upright Piano Imports

Imports into Portugal

For the third year in a row, Portugal recorded growth in supplies from abroad of acoustic new upright pianos, which increased by 14% to X units in 2022. Over the period under review, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2020 when imports increased by 95% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, upright piano imports totaled $X in 2022. In general, imports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2021 with an increase of 111%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), Spain (X units) and Indonesia (X units) were the main suppliers of upright piano imports to Portugal, together accounting for 74% of total imports. Belgium, Germany, the United States and the Netherlands lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Japan ($X) and Indonesia ($X) appeared to be the largest upright piano suppliers to Portugal, with a combined 81% share of total imports.

Among the main suppliers, Indonesia, with a CAGR of +33.2%, 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, reducing by -10.4% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +43.2% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 60% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

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 Spain ($X per unit), while the price for the United States ($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 (+21.1%), 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, accounting for 56% of total volume. Moreover, upright piano consumption in China exceeded the figures recorded by the second-largest consumer, Vietnam, ninefold. Japan ranked third in terms of total consumption with a 5.9% share.

What are the largest producers of acoustic new upright pianos in the world?

Japan constituted the country with the largest volume of upright piano production, comprising approx. 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 Portugal?

In value terms, the largest upright piano suppliers to Portugal were Japan, Spain and France, with a combined 78% share of total imports.

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

In value terms, Turkey emerged as the key foreign market for upright piano exports from Portugal, comprising 67% of total exports. The second position in the ranking was occupied by Mozambique, with a 15% share of total exports. It was followed by Guinea, with an 8% share.

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

In 2021, the average upright piano export price amounted to $38,444 per ton, jumping by 240% against the previous year.

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

In 2021, the average upright piano import price amounted to $15,707 per ton, surging by 21% against the previous year.

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

Portugal

Data coverage:

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