Cote d'Ivoire: Upright Piano Market 2024

Upright Piano Market Size in Cote d'Ivoire

The Cote d'Ivoire's upright piano market expanded slightly to $X in 2022, increasing by X% against the previous year. In general, consumption posted a prominent increase. Upright piano consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Upright Piano Production in Cote d'Ivoire

In value terms, upright piano production reached $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Upright Piano Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of acoustic new upright pianos decreased by X% to X units, falling for the third consecutive year after three years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, upright piano exports contracted remarkably to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units), Burkina Faso (X units) and Morocco (X units) were the main destinations of upright piano exports from Cote d'Ivoire, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for upright piano exported from Cote d'Ivoire were Morocco ($X), France ($X) and Burkina Faso ($X), with a combined X% share of total exports.

Among the main countries of destination, Burkina Faso, with a CAGR of X.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average upright piano export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then contracted markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Morocco ($X per unit), while the average price for exports to the United Arab Emirates ($X 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 Burkina Faso (X.2%), while the prices for the other major destinations experienced more modest paces of growth.

Upright Piano Imports

Imports into Cote d'Ivoire

In 2022, the amount of acoustic new upright pianos imported into Cote d'Ivoire contracted to X units, which is down by X% against 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, upright piano imports soared to $X in 2022. Overall, imports, however, recorded prominent growth. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, South Africa (X units) constituted the largest supplier of upright piano to Cote d'Ivoire, with a X% share of total imports. Moreover, upright piano imports from South Africa exceeded the figures recorded by the second-largest supplier, Australia (X units), fivefold. Indonesia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and Indonesia (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of acoustic new upright pianos to Cote d'Ivoire, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average upright piano import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Liberia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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