Vietnam - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGrand Piano Price in Vietnam - 2021
Contents:
- Grand Piano Price in Vietnam (CIF) - 2021
- Grand Piano Price in Vietnam (FOB) - 2022
- Grand Piano Imports in Vietnam
- Grand Piano Exports in Vietnam
Grand Piano Price in Vietnam (CIF) - 2021
The average grand piano import price stood at $13,468 per unit in December 2021, flattening at the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2021 an increase of less than 0.1% against the previous month. The import price peaked at $13,470 per unit in October 2021; afterwards, it flattened through to December 2021.
Average prices varied noticeably amongst the major supplying countries. In December 2021, the country with the highest price was the Czech Republic ($13,479 per unit), while the price for Japan ($13,465 per unit) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Grand Piano Price in Vietnam (FOB) - 2022
The average grand piano export price stood at $37,675 per unit in 2022, jumping by 33% against the previous year. Over the period under review, the export price saw a strong expansion. Over the period under review, the average export prices attained the maximum at $45,746 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($80 per unit) and Taiwan (Chinese) ($80 per unit), while the average price for exports to Spain ($60 per unit) and Belgium ($63 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Grand Piano Imports in Vietnam
In 2022, approx. 148 units of acoustic grand pianos were imported into Vietnam; with a decrease of -21.3% compared with the previous year's figure. In general, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 74%. As a result, imports attained the peak of 188 units, and then declined remarkably in the following year.
In value terms, grand piano imports shrank dramatically to $1.8M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, imports attained the peak of $2.3M, and then declined notably in the following year.
Import of Grand Piano in Vietnam (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2.4 | 2.3 | 2.0 | 2.3 | -1.4% |
Germany | 0.4 | 0.2 | 1.6 | 1.6 | 58.7% |
China | 0.4 | 0.5 | 0.1 | 0.3 | -9.1% |
Others | -1.7 | -1.6 | -1.4 | -2.4 | 12.2% |
Total | 1.6 | 1.3 | 2.3 | 1.8 | 4.0% |
Top Suppliers of Grand Piano to Vietnam in 2022:
- Japan (152.5K units)
- Germany (7.6K units)
- China (4.9K units)
Grand Piano Exports in Vietnam
In 2022, overseas shipments of acoustic grand pianos decreased by -20% to 8 units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.3% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 43%. As a result, the exports attained the peak of 10 units, and then dropped rapidly in the following year.
In value terms, grand piano exports expanded remarkably to $301K in 2022. The total export value increased at an average annual rate of +10.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, the exports attained the peak of $320K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Grand Piano in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 82.2 | 62.8 | 33.9 | 59.8 | -10.1% |
China | 12.3 | 76.3 | 48.0 | 51.6 | 61.3% |
Australia | 5.9 | 82.5 | 30.9 | 38.7 | 87.2% |
Japan | 18.1 | 5.4 | 35.0 | 37.7 | 27.7% |
Taiwan (Chinese) | 10.4 | 16.9 | 31.8 | 34.3 | 48.9% |
United States | 9.6 | 12.7 | 24.2 | 26.0 | 39.4% |
Italy | 10.4 | 23.4 | 16.4 | 17.7 | 19.4% |
Spain | 29.3 | 1.0 | 5.8 | 12.5 | -24.7% |
United Arab Emirates | N/A | N/A | 29.3 | N/A | 0% |
Others | 47.6 | 39.2 | 27.2 | 23.1 | -21.4% |
Total | 226 | 320 | 283 | 301 | 10.0% |
Top Export Markets for Grand Piano from Vietnam in 2022:
- Belgium (954.0 units)
- China (664.0 units)
- Australia (581.0 units)
- Japan (469.0 units)
- Taiwan (Chinese) (426.0 units)
- United States (324.0 units)
- Italy (251.0 units)
- Spain (207.0 units)
This report provides an in-depth analysis of the grand piano market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
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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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