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Thailand - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUpright Piano Price in Thailand - 2023
Contents:
- Upright Piano Price in Thailand (CIF) - 2023
- Upright Piano Price in Thailand (FOB) - 2022
- Upright Piano Imports in Thailand
- Upright Piano Exports in Thailand
Upright Piano Price in Thailand (CIF) - 2023
In July 2023, the average upright piano import price amounted to $1,575 per unit, reducing by -24.7% against the previous month. Overall, the import price, however, posted resilient growth. The growth pace was the most rapid in August 2022 when the average import price increased by 187% month-to-month. The import price peaked at $4,667 per unit in January 2023; afterwards, it flattened through to July 2023.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was China ($2,190 per unit), while the price for Japan stood at $1,492 per unit.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+17.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Upright Piano Price in Thailand (FOB) - 2022
In 2022, the average upright piano export price amounted to $1,264 per unit, dropping by -22.4% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 62% against the previous year. The export price peaked at $3,680 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($3,956 per unit), while the average price for exports to Russia ($126 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 Australia (+374.1%), while the prices for the other major destinations experienced more modest paces of growth.
Upright Piano Imports in Thailand
In 2022, approx. 3.1K units of acoustic new upright pianos were imported into Thailand; surging by 39% compared with the previous year. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 63%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, upright piano imports skyrocketed to $3.4M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +63.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Upright Piano in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 1,515 | 1,470 | 1,550 | 1,797 | 5.9% |
Indonesia | 776 | 408 | 457 | 922 | 5.9% |
China | 154 | 154 | 180 | 472 | 45.3% |
Taiwan (Chinese) | 79.9 | 14.8 | 10.6 | 51.9 | -13.4% |
Others | 195 | 55.8 | 150 | 188 | -1.2% |
Total | 2,720 | 2,102 | 2,348 | 3,431 | 8.0% |
Top Suppliers of Upright Piano to Thailand in 2022:
- Japan (1295.0 units)
- China (956.0 units)
- Indonesia (649.0 units)
- Taiwan (Chinese) (75.0 units)
Upright Piano Exports in Thailand
In 2022, upright piano exports from Thailand skyrocketed to 24 units, rising by 20% compared with 2021. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 109%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, upright piano exports contracted to $30K in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 decreased by -21.7% against 2020 indices. The growth pace was the most rapid in 2020 when exports increased by 60%. As a result, the exports reached the peak of $39K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Upright Piano in Thailand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 18.8 | 30.1 | 20.2 | 21.7 | 4.9% |
Mexico | N/A | N/A | N/A | 4.0 | 0% |
Australia | N/A | N/A | 0.8 | 1.9 | 137.5% |
Italy | N/A | N/A | 0.1 | 1.4 | 1300.0% |
Russia | N/A | N/A | N/A | 0.8 | 0% |
Vietnam | N/A | N/A | N/A | 0.3 | 0% |
Uganda | N/A | N/A | N/A | 0.3 | 0% |
South Korea | N/A | 4.6 | 0.3 | N/A | -93.5% |
Belgium | N/A | 0.5 | 1.0 | N/A | 100.0% |
Myanmar | 4.7 | 1.1 | N/A | N/A | -76.6% |
Others | 0.6 | 2.4 | 10.1 | N/A | 310.3% |
Total | 24.2 | 38.8 | 32.6 | 30.3 | 7.8% |
Top Export Markets for Upright Piano from Thailand in 2022:
- United States (11.0 units)
- Russia (6.0 units)
- Italy (3.0 units)
- Australia (1.0 units)
- Mexico (1.0 units)
- Vietnam (1.0 units)
- Uganda (1.0 units)
This report provides an in-depth analysis of the upright piano market in Thailand. 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)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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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