MERCOSUR: Upright Piano Market 2024

Upright Piano Market Size in MERCOSUR

For the fifth consecutive year, the MERCOSUR upright piano market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Upright Piano Production in MERCOSUR

In value terms, upright piano production amounted to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Upright Piano Exports

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas shipments of acoustic new upright pianos, when their volume decreased by X% to X units. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, upright piano exports surged to $X in 2022. Overall, exports, however, recorded slight growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Venezuela (X units), distantly followed by Chile (X units), Colombia (X units), Brazil (X units) and Uruguay (X units) were the largest exporters of acoustic new upright pianos, together making up X% of total exports.

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

In value terms, Chile ($X), Venezuela ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Colombia, with a CAGR of X%, saw the highest growth rate of 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

The export price in MERCOSUR stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price showed a prominent expansion. 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Upright Piano Imports

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas purchases of acoustic new upright pianos, when their volume decreased by X% to X units. In general, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, upright piano imports surged to $X in 2022. Over the period under review, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Chile (X units), distantly followed by Brazil (X units), Argentina (X units), Peru (X units) and Colombia (X units) were the main importers of acoustic new upright pianos, together making up X% of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Argentina (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest upright piano importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Chile ($X), with a combined X% share of total imports.

Among the main importing countries, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($X per unit), while Chile ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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