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Pakistan - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Pakistan - 2021
Contents:
- Piano Price in Pakistan (CIF) - 2022
- Piano Price in Pakistan (FOB) - 2022
- Piano Imports in Pakistan
- Piano Exports in Pakistan
Piano Price in Pakistan (CIF) - 2022
The average piano import price stood at $2,371 per unit in 2022, with a decrease of -21.8% against the previous year. In general, the import price, however, showed significant growth. The pace of growth appeared the most rapid in 2015 when the average import price increased by 953%. The import price peaked at $3,108 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($6,378 per unit), while the price for the UK ($630 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+52.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Pakistan (FOB) - 2022
The average piano export price stood at $5,866 per unit in 2022, surging by 442% against the previous year. In general, the export price showed a significant increase. The most prominent rate of growth was recorded in 2014 an increase of 5,733%. As a result, the export price attained the peak level of $20,322 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to +1,053.4% per year.
Piano Imports in Pakistan
In 2022, piano imports into Pakistan skyrocketed to 67 units, picking up by 18% compared with the previous year. Overall, imports, however, saw a deep contraction. Imports peaked at 119 units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, piano imports shrank to $159K in 2022. Over the period under review, imports, however, saw a deep setback. The growth pace was the most rapid in 2020 with an increase of 54% against the previous year. As a result, imports reached the peak of $309K. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Piano in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 59.7 | 130 | 91.5 | 108 | 21.8% |
Indonesia | 1.9 | N/A | 1.5 | 24.5 | 134.5% |
United Kingdom | 12.9 | 18.6 | 0.4 | 20.2 | 16.1% |
United Arab Emirates | 123 | 160 | 79.2 | 4.3 | -67.3% |
South Korea | 0.2 | N/A | 0.1 | N/A | -29.3% |
Others | 3.1 | 0.7 | 0.2 | 1.4 | -23.3% |
Total | 200 | 309 | 173 | 159 | -7.4% |
Top Suppliers of Piano to Pakistan in 2022:
- United Kingdom (32.0 units)
- China (17.0 units)
- Indonesia (9.0 units)
- United Arab Emirates (4.0 units)
- South Korea (1.0 units)
Piano Exports in Pakistan
In 2022, overseas shipments of pianos and other keyboard stringed musical instruments decreased by 0% to 2 units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 150% against the previous year. As a result, the exports attained the peak of 5 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, piano exports skyrocketed to $12K in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,574% against the previous year. As a result, the exports reached the peak of $23K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Piano in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | N/A | N/A | 1.3 | 11.7 | 800.0% |
Switzerland | N/A | N/A | N/A | N/A | 0% |
China | 1.2 | N/A | N/A | N/A | 0% |
Austria | 0.2 | N/A | N/A | N/A | 0% |
United Kingdom | N/A | 9.7 | N/A | N/A | 0% |
United States | N/A | 13.6 | 0.8 | N/A | -94.1% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1.4 | 23.3 | 2.2 | 11.7 | 102.9% |
Top Export Markets for Piano from Pakistan in 2022:
- United Arab Emirates (2.0 units)
This report provides an in-depth analysis of the piano market in Pakistan. 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:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- 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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