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Report Southern Asia - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Southern Asia: Grand Piano Market 2024

Grand Piano Market Size in Southern Asia

In 2021, the South Asian grand piano market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Grand Piano Production in Southern Asia

In value terms, grand piano production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant expansion. The growth pace was the most rapid in 2014 when the production volume increased by 3,026%. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Grand Piano Exports

Exports in Southern Asia

In 2021, shipments abroad of acoustic grand pianos decreased by -30.8% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 667% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, grand piano exports surged to $X in 2021. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by 1,512%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of acoustic grand pianos, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the acoustic grand pianos exports, with a CAGR of +15.7% from 2012 to 2021. India (+15 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest grand piano supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +18.9%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, surging by 126% against the previous year. Overall, the export price showed a slight expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +2.8% per year.

Grand Piano Imports

Imports in Southern Asia

In 2021, purchases abroad of acoustic grand pianos was finally on the rise to reach X tons after three years of decline. In general, imports recorded a perceptible increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grand piano imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, recording X tons, which was near 91% of total imports in 2021. It was distantly followed by Sri Lanka (X tons), achieving a 7.1% share of total imports. Bangladesh (X kg) took a relatively small share of total imports.

Imports into India increased at an average annual rate of +5.5% from 2012 to 2021. At the same time, Sri Lanka (+6.4%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +6.4% from 2012-2021. By contrast, Bangladesh (-9.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +7.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported acoustic grand pianos in Southern Asia, comprising 91% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 6.3% share of total imports.

In India, grand piano imports increased at an average annual rate of +6.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sri Lanka (+13.4% per year) and Bangladesh (-5.9% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, waning by -11.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

India remains the largest grand piano consuming country in Southern Asia, accounting for 63% of total volume. Moreover, grand piano consumption in India exceeded the figures recorded by the second-largest consumer, Sri Lanka, fivefold. The third position in this ranking was occupied by Bangladesh, with a 9.9% share.
Pakistan constituted the country with the largest volume of grand piano production, comprising approx. 90% of total volume. Moreover, grand piano production in Pakistan exceeded the figures recorded by the second-largest producer, Nepal, ninefold.
In value terms, Pakistan, Sri Lanka and India were the countries with the highest levels of exports in 2020, with a combined 98% share of total exports.
In value terms, India constitutes the largest market for imported acoustic grand pianos in Southern Asia, comprising 63% of total imports. The second position in the ranking was occupied by Afghanistan, with a 15% share of total imports. It was followed by Bangladesh, with a 14% share.
In 2020, the grand piano export price in Southern Asia amounted to $38,014 per ton, with an increase of 4.2% against the previous year.
In 2020, the grand piano import price in Southern Asia amounted to $41,830 per ton, rising by 23% against the previous year.

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Southern Asia, split by region and country
  • Trade (exports and imports) in Southern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Afghanistan
    • Bangladesh
    • Bhutan
    • India
    • Maldives
    • Nepal
    • Pakistan
    • Sri Lanka

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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