Italy - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Italy - 2023
Contents:
- Piano Price in Italy (CIF) - 2023
- Piano Price in Italy (FOB) - 2022
- Piano Imports in Italy
- Piano Exports in Italy
Piano Price in Italy (CIF) - 2023
In July 2023, the average piano import price amounted to $13,841 per unit, growing by 40% against the previous month. Over the period under review, the import price recorded prominent growth. The pace of growth appeared the most rapid in March 2023 an increase of 92% m-o-m. The import price peaked in July 2023.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was China ($1,678 per unit), while the price for Japan amounted to $1,577 per unit.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Italy (FOB) - 2022
In 2022, the average piano export price amounted to $11,514 per unit, rising by 4.1% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 55%. As a result, the export price reached the peak level of $31,206 per unit. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($41,065 per unit), while the average price for exports to Estonia ($321 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Imports in Italy
In 2022, the amount of pianos and other keyboard stringed musical instruments imported into Italy declined markedly to 3.8K units, waning by -46.4% on 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 138% against the previous year. As a result, imports attained the peak of 7K units, and then shrank significantly in the following year.
In value terms, piano imports declined dramatically to $12M in 2022. Overall, imports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2021 when imports increased by 173% against the previous year. As a result, imports reached the peak of $24M, and then dropped markedly in the following year.
| Import of Piano in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.6 | 4.4 | 4.3 | 4.1 | -3.8% |
| Germany | 0.9 | 0.6 | 5.2 | 2.4 | 38.7% |
| France | 3.7 | 2.0 | 4.2 | 2.3 | -14.7% |
| Spain | 0.7 | 0.8 | 5.0 | 1.5 | 28.9% |
| China | 0.3 | 0.2 | 0.4 | 0.7 | 32.6% |
| Vietnam | 0.2 | N/A | N/A | 0.2 | 0.0% |
| Others | 1.3 | 0.8 | 5.1 | 1.4 | 2.5% |
| Total | 11.8 | 8.8 | 24.2 | 12.5 | 1.9% |
Top Suppliers of Piano to Italy in 2022:
- Japan (1719.0 units)
- France (526.0 units)
- Spain (506.0 units)
- China (317.0 units)
- Germany (299.0 units)
- Vietnam (125.0 units)
Piano Exports in Italy
Piano exports from Italy expanded sharply to 1.3K units in 2022, with an increase of 5.1% against the previous year's figure. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 105%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, piano exports expanded markedly to $15M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Piano in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,011 | 2,233 | 2,432 | 3,737 | 7.5% |
| Japan | 1,227 | 703 | 987 | 1,323 | 2.5% |
| China | 1,011 | 1,126 | 1,812 | 1,308 | 9.0% |
| Taiwan (Chinese) | 113 | 212 | 257 | 744 | 87.4% |
| United Arab Emirates | 11.3 | N/A | 269 | 723 | 300.0% |
| France | 665 | 457 | 435 | 681 | 0.8% |
| Tunisia | 101 | 138 | 1,169 | 604 | 81.5% |
| Germany | 1,061 | 1,250 | 1,100 | 593 | -17.6% |
| Switzerland | 273 | 710 | 816 | 520 | 24.0% |
| United Kingdom | 249 | 125 | 124 | 396 | 16.7% |
| Romania | N/A | 0.1 | N/A | 98.8 | 3043.2% |
| Lebanon | 44.7 | N/A | 153 | 43.4 | -1.0% |
| Estonia | N/A | N/A | N/A | 8.3 | 0% |
| Others | 4,626 | 4,624 | 4,125 | 4,189 | -3.3% |
| Total | 12,392 | 11,578 | 13,678 | 14,968 | 6.5% |
Top Export Markets for Piano from Italy in 2022:
- Tunisia (612.0 units)
- United States (91.0 units)
- Japan (76.0 units)
- France (56.0 units)
- United Arab Emirates (47.0 units)
- China (42.0 units)
- Switzerland (33.0 units)
- United Kingdom (28.0 units)
- Germany (27.0 units)
- Romania (26.0 units)
- Estonia (26.0 units)
- Taiwan (Chinese) (23.0 units)
- Lebanon (20.0 units)
This report provides an in-depth analysis of the piano market in Italy. 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)
- Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
- Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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