Report Update Nov 1, 2024

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

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Venezuela: Grand Piano Market 2024

Grand Piano Market Size in Venezuela

The Venezuelan grand piano market soared to $X in 2021, picking up by 195% against the previous year. In general, consumption, however, recorded a pronounced slump. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Grand Piano Production in Venezuela

In value terms, grand piano production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt curtailment. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Grand Piano Exports

Exports from Venezuela

Grand piano exports from Venezuela stood at X kg in 2021, with an increase of 6.8% compared with the previous year's figure. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 395%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, grand piano exports totaled $X in 2021. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 183% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Guatemala (X kg) was the main destination for grand piano exports from Venezuela, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Guatemala totaled +36.1%.

In value terms, Guatemala ($X) also remains the key foreign market for acoustic grand pianos exports from Venezuela.

From 2012 to 2021, the average annual rate of growth in terms of value to Guatemala totaled +24.1%.

Export Prices by Country

In 2021, the average grand piano export price amounted to $X per ton, dropping by -5.3% against the previous year. In general, the export price showed a deep slump. The pace of growth was the most pronounced in 2015 an increase of 25%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Guatemala amounted to -8.8% per year.

Grand Piano Imports

Imports into Venezuela

In 2021, overseas purchases of acoustic grand pianos increased by 63% to X kg, rising for the third consecutive year after four years of decline. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 124%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, grand piano imports rose sharply to $X in 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 141%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X kg) constituted the largest supplier of grand piano to Venezuela, with a 51% share of total imports. Moreover, grand piano imports from China exceeded the figures recorded by the second-largest supplier, Austria (X kg), twofold. The third position in this ranking was held by the United States (X kg), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+13.3% per year) and the United States (+13.3% per year).

In value terms, China ($X), the United States ($X) and Austria ($X) constituted the largest grand piano suppliers to Venezuela, with a combined 95% share of total imports.

The United States, with a CAGR of +22.0%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average grand piano import price stood at $X per ton in 2021, falling by -29.8% against the previous year. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Panama ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acoustic grand pianos in the world?

The country with the largest volume of grand piano consumption was Japan, 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 Venezuela?

In value terms, Japan constituted the largest supplier of grand piano to Venezuela, comprising 51% of total imports. The second position in the ranking was occupied by the United States, with a 22% share of total imports. It was followed by China, with an 18% share.

What are the leading importers of acoustic grand pianos from Venezuela?

In value terms, Guatemala remains the key foreign market for grand piano exports from Venezuela.

What is the average export price for acoustic grand pianos in Venezuela?

The average grand piano export price stood at $19,269 per ton in 2020, declining by -8.4% against the previous year.

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

The average grand piano import price stood at $69,863 per ton in 2020, leveling off at the previous year.

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

Venezuela

Data coverage:

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