The World Market for Pianos and Other String Musical Instruments: A 2021 Global Trade Perspective
- ICON Group International
- September 2020
- Paints and Coatings
- 192 pages
This report was created for strategic planners, international
executives, and import/export managers who are concerned with the market
for pianos and other string musical instruments. With the globalization of
this market, managers can no longer be contented with a local view. Nor can
managers be contented with out-of-date statistics that appear several years
after the fact. I have developed a methodology, based on macroeconomic and
trade models, to estimate the market for pianos and other string musical
instruments for those countries serving the world market via exports or
supplying from various countries via imports. I do so for the current year
based on a variety of key historical indicators and econometric models.
On the demand side, exporters and strategic planners approaching the world market face a number of questions. Which countries are supplying pianos and other string musical instruments? What is the dollar value of these imports? How much do the imports of pianos and other string musical instruments vary from one country to another? Do exporters serving the world market have similar market shares across the importing countries? Which countries supply the most exports of pianos and other string musical instruments? Which countries are buying their exports? What is the value of these exports and which countries are the largest buyers?
In what follows, Chapter 2 begins by summarizing the regional markets for imported and exported pianos and other string musical instruments. The total level of imports and exports on a worldwide basis, and those for each region, is based on a model which aggregates across over 150 key country markets and projects these to the current year. From there, each country represents a percent of the world market. This market is served from a number of competitive countries of origin. Based on both demand- and supply-side dynamics, market shares by country of origin are then calculated across each country market destination. These shares lead to a volume of import and export values for each country and are aggregated to regional and world totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each market and the shares that countries are likely to receive this year. From these figures, rankings are calculated to allow managers to prioritize markets. In this way, all the figures provided in this report are forecasts that can be combined with internal information for strategic planning purposes.
After the worldwide summary in Chapter 2 of both imports and exports, Chapter 3 details the exports of pianos and other string musical instruments, for each individual country. Chapter 4 does the same, but for imports of pianos and other string musical instruments for all countries in the world. In all cases, the total dollar volume and percentage share values by major trading partner are provided. Combined, Chapters 3 and 4 present the complete picture for imports and exports of pianos and other string musical instruments to and from all major countries in the world. Of the 150 countries considered, if a country is not reported here, it is therefore estimated to have only a negligible level of trade in pianos and other string musical instruments (i.e. their market shares are close or equal to zero percent). "Pianos and Other String Musical Instruments" as a category is defined in this report following the definition given by the United Nations Statistics Division Classification Registry using the Standard International Trade Classification, Revision 3 (SITC, Rev. 3). The SITC code that defines "pianos and other string musical instruments" is 8981.
Important Caveat: The figures should be seen as market estimates, as opposed to historical records, as these are forecasted for the current year of trade. More importantly, in light of the fact that unforeseeable factors might interrupt markets in achieving their reported levels, the figures should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth disease, trade embargoes, labor disputes, military conflicts, acts of terrorism, and other events will certainly affect the actual trade flows recorded for a variety of industry or product categories. In such cases, the difference between the numbers given in this report and the numbers actually observed might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting regular trade flows that would have occurred had these events not have taken place.
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2THE WORLD MARKET
2.1.1THE WORLD MARKET: PIANOS AND OTHER STRING MUSICAL INSTRUMENTS EXPORT SUPPLIES IN 2021
2.2.1THE WORLD MARKET: IMPORTED PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IN 2021
3.1AFRICA: EXPORT SUPPLIES OF PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IN 2021
3.2ASIA: EXPORT SUPPLIES OF PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IN 2021
3.3EUROPE: EXPORT SUPPLIES OF PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IN 2021
3.3.31THE UNITED KINGDOM
3.4LATIN AMERICA: EXPORT SUPPLIES OF PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IN 2021
3.5NORTH AMERICA & THE CARIBBEAN: EXPORT SUPPLIES OF PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IN 2021
3.5.4THE UNITED STATES
3.6OCEANIA: EXPORT SUPPLIES OF PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IN 2021
3.7THE MIDDLE EAST: EXPORT SUPPLIES OF PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IN 2021
3.7.5THE UNITED ARAB EMIRATES
4.1AFRICA: PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IMPORTS IN 2021
4.2ASIA: PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IMPORTS IN 2021
4.3EUROPE: PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IMPORTS IN 2021
4.3.7BOSNIA AND HERZEGOVINA
4.3.41THE UNITED KINGDOM
4.4LATIN AMERICA: PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IMPORTS IN 2021
4.5NORTH AMERICA & THE CARIBBEAN: PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IMPORTS IN 2021
4.5.10THE UNITED STATES
4.6OCEANIA: PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IMPORTS IN 2021
4.7THE MIDDLE EAST: PIANOS AND OTHER STRING MUSICAL INSTRUMENTS IMPORTS IN 2021
5DISCLAIMERS, WARRANTIES, AND USER AGREEMENT PROVISIONS
5.1DISCLAIMERS & SAFE HARBOR
5.2ICON GROUP INTERNATIONAL, INC. USER AGREEMENT PROVISIONS
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