Report Update Nov 1, 2024

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

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Russian Federation: Upright Piano Market 2024

Upright Piano Market Size in the Russian Federation

The Russian upright piano market surged to $X in 2022, picking up by 61% against the previous year. In general, consumption showed a mild expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Upright Piano Production in the Russian Federation

In value terms, upright piano production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a deep setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 151% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Upright Piano Exports

Exports from the Russian Federation

In 2021, upright piano exports from Russia skyrocketed to X units, with an increase of 58% on the previous year's figure. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 7,117%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, upright piano exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 267% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Kazakhstan (X units) was the main destination for upright piano exports from Russia, accounting for a 91% share of total exports. Moreover, upright piano exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan totaled +64.7%.

In value terms, Kazakhstan ($X) remains the key foreign market for acoustic new upright pianos exports from Russia, comprising 91% of total exports. The second position in the ranking was taken by Belarus ($X), with an 8.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +97.4%.

Export Prices by Country

The average upright piano export price stood at $X per unit in 2021, waning by -3.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 3,432% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Kazakhstan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Upright Piano Imports

Imports into the Russian Federation

In 2022, imports of acoustic new upright pianos into Russia soared to X units, rising by 33% compared with 2021 figures. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 46%. Over the period under review, imports reached the maximum at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, upright piano imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a slight descent. The growth pace was the most rapid in 2019 with an increase of 54%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X units) constituted the largest upright piano supplier to Russia, accounting for a 84% share of total imports. Moreover, upright piano imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Indonesia amounted to +20.3%.

In value terms, Indonesia ($X) constituted the largest supplier of acoustic new upright pianos to Russia, comprising 87% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Indonesia stood at +23.1%.

Import Prices by Country

In 2022, the average upright piano import price amounted to $X per unit, dropping by -11.2% against the previous year. In general, the import price continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied somewhat 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 China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.3%), 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, comprising approx. 62% of total volume. Moreover, upright piano production in Japan exceeded the figures recorded by the second-largest producer, Indonesia, twofold. Germany ranked third in terms of total production with a 2.7% share.

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

In value terms, Indonesia constituted the largest supplier of upright piano to Russia, comprising 42% of total imports. The second position in the ranking was occupied by the Czech Republic, with a 17% share of total imports. It was followed by Belarus, with a 13% share.

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

In value terms, Kazakhstan remains the key foreign market for upright piano exports from Russia, comprising 91% of total exports. The second position in the ranking was occupied by Belarus, with an 8.6% share of total exports.

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

In 2021, the average upright piano export price amounted to $14,619 per ton, surging by 16% against the previous year.

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

The average upright piano import price stood at $12,395 per ton in 2021, increasing by 17% against the previous year.

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

Russia

Data coverage:

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