Japan - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Japan - 2023
Contents:
- Piano Price in Japan (FOB) - 2023
- Piano Price in Japan (CIF) - 2023
- Piano Exports in Japan
- Piano Imports in Japan
Piano Price in Japan (FOB) - 2023
The average piano export price stood at $10,177 per unit in July 2023, rising by 10% against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the United States ($15,150 per unit), while the average price for exports to Singapore ($6,526 per unit) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Price in Japan (CIF) - 2023
The average piano import price stood at $5,326 per unit in July 2023, remaining constant against the previous month. Over the last ten-month period, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in October 2022 when the average import price increased by 26% m-o-m. Over the period under review, average import prices hit record highs at $5,797 per unit in April 2023; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($11,601 per unit), while the price for Latvia ($2,656 per unit) was amongst the lowest.
From September 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Exports in Japan
In 2022, overseas shipments of pianos and other keyboard stringed musical instruments decreased by -7.2% to 39K units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, the exports attained the peak of 53K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, piano exports reduced to $334M in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $374M, and then shrank in the following year.
| Export of Piano in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 145 | 133 | 176 | 140 | -1.2% |
| United States | 53.7 | 39.5 | 50.2 | 52.7 | -0.6% |
| Germany | 19.7 | 19.7 | 22.7 | 22.1 | 3.9% |
| Australia | 15.6 | 14.7 | 18.8 | 19.1 | 7.0% |
| Vietnam | 18.0 | 16.8 | 13.5 | 17.5 | -0.9% |
| Canada | 10.7 | 9.8 | 12.4 | 13.2 | 7.2% |
| South Korea | 9.4 | 7.9 | 8.8 | 8.7 | -2.5% |
| Hong Kong SAR | 7.1 | 8.4 | 10.1 | 8.0 | 4.1% |
| United Kingdom | 7.1 | 6.5 | 6.8 | 7.3 | 0.9% |
| France | 7.9 | 7.9 | 9.9 | 6.2 | -7.8% |
| Singapore | 5.0 | 3.3 | 6.0 | 5.4 | 2.6% |
| Others | 34.6 | 36.0 | 38.9 | 33.4 | -1.2% |
| Total | 334 | 303 | 374 | 334 | 0.0% |
Top Export Markets for Piano from Japan in 2022:
- China (18.7K units)
- United States (4.9K units)
- Vietnam (2.6K units)
- Australia (2.1K units)
- Germany (1.8K units)
- Canada (1.4K units)
- Hong Kong SAR (1.2K units)
- United Kingdom (0.8K units)
- Singapore (0.7K units)
- France (0.6K units)
- South Korea (0.6K units)
Piano Imports in Japan
In 2022, approx. 5.6K units of pianos and other keyboard stringed musical instruments were imported into Japan; with an increase of 17% on the previous year. Over the period under review, imports, however, continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Imports peaked at 6.4K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, piano imports rose markedly to $25M in 2022. Overall, imports, however, continue to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Imports peaked at $29M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Piano in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.9 | 8.2 | 9.9 | 9.4 | -10.0% |
| Indonesia | 7.6 | 5.3 | 6.1 | 9.1 | 6.2% |
| United States | 2.6 | 1.7 | 2.0 | 2.5 | -1.3% |
| Czech Republic | 1.1 | 1.0 | 1.7 | 1.3 | 5.7% |
| Italy | 1.4 | 0.7 | 1.1 | 1.2 | -5.0% |
| China | 1.3 | 0.6 | 1.2 | 1.0 | -8.4% |
| Others | 2.2 | 1.3 | 1.3 | 0.8 | -28.6% |
| Total | 29.1 | 18.7 | 23.3 | 25.1 | -4.8% |
Top Suppliers of Piano to Japan in 2022:
- Indonesia (3267.0 units)
- Germany (1300.0 units)
- Czech Republic (328.0 units)
- China (274.0 units)
- United States (235.0 units)
- Italy (108.0 units)
This report provides an in-depth analysis of the piano market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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