Top Piano Exporters by Country

Playing piano outside

Outside piano playing

Piano exports by country totaled US$754.8 million in 2016, down by an average -6.6% for all pianos shippers over the five-year period starting in 2012. From 2015 to 2016, the value of global piano exports dipped by -3.5%.

Among continents, Asian countries accounted for the highest dollar worth of exported pianos during 2016 with shipments valued at $505.2 million or two-thirds (66.9%) of the global total. In second place were European exporters at 29.7% while 3.1% of worldwide piano shipments originated from North America.

The 4-digit Harmonized Tariff System code prefix is 9201 for pianos including automatic pianos, harpsichords and other keyboard stringed instruments.

Piano Exports by Country

Countries

Below are the 15 countries that exported the highest dollar value worth of pianos during 2016:

  1. Japan: US$270.4 million (35.8% of total exported pianos)
  2. Indonesia: $148.1 million (19.6%)
  3. Germany: $127.6 million (16.9%)
  4. China: $57.9 million (7.7%)
  5. United States: $22.5 million (3%)
  6. Czech Republic: $20.1 million (2.7%)
  7. Poland: $12 million (1.6%)
  8. Italy: $11.4 million (1.5%)
  9. France: $10.2 million (1.4%)
  10. Austria: $9.9 million (1.3%)
  11. Netherlands: $9.5 million (1.3%)
  12. Malaysia: $9.3 million (1.2%)
  13. South Korea: $7.7 million (1%)
  14. United Kingdom: $7.4 million (1%)
  15. Belgium: $5.8 million (0.8%)

The listed 15 countries shipped 96.7% of global piano exports in 2016 by value.

Among the above countries, the fastest-growing piano exporters since 2012 were: Netherlands (up 407.9%), Belgium (up 27%), South Korea (up 15.3%) and Indonesia (up 9.2%).

Those countries that posted declines in their exported piano sales were led by: China (down -32.5%), Czech Republic (down -20.7%), Germany (down -15.5%), United States (down -14.5%) and Austria (down -14.5%).

Advantages

The following countries posted the highest positive net exports for pianos during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported pianos and its import purchases for that same commodity.

  1. Japan: US$247.8 million (net export surplus up 5% since 2012)
  2. Indonesia: $146.7 million (up 11.3%)
  3. Germany: $71.2 million (down -8.7%)
  4. Czech Republic: $17.7 million (down -23.7%)
  5. Estonia: $2.3 million (up 5.5%)
  6. Austria: $1.4 million (up 277.2%)
  7. Poland: $1.2 million (down -71.5%)
  8. Curaçao: $25,000 (reversing a -$95,000 deficit)
  9. Papua New Guinea: $3,000 (reversing a -$40,000 deficit)
  10. Syria: $2,000 (reversing a -$6,000 deficit)
  11. Venezuela: $2,000 (reversing a -$395,000 deficit)

Japan has the highest surplus in the international trade of pianos. In turn, this positive cashflow confirms strong Japanese competitive advantages for this specific product category.

Opportunities

The following countries posted the highest negative net exports for pianos during 2016. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported pianos purchases and its exports for that same commodity.

  1. China: -US$125 million (net export deficit up 253.1% since 2012)
  2. United States: -$86.5 million (down -3.1%)
  3. Canada: -$29.3 million (down -7.7%)
  4. Australia: -$27.5 million (up 16.2%)
  5. France: -$20.8 million (down -22.2%)
  6. Vietnam: -$17.7 million (up 412.5%)
  7. United Kingdom: -$17.5 million (down -10.6%)
  8. Switzerland: -$15.8 million (down -19.4%)
  9. South Korea: -$10.9 million (down -13%)
  10. Hong Kong: -$10.4 million (down -46.4%)
  11. Taiwan: -$8.2 million (down -19.3%)
  12. Malaysia: -$8 million (down -3.1%)
  13. Singapore: -$7.7 million (down -39.5%)
  14. United Arab Emirates: -$6.5 million (up 321.7%)
  15. Spain: -$6.4 million (up 1.8%)

China incurred the highest deficit in the international trade of pianos. In turn, this negative cashflow highlights China’s competitive disadvantages for this specific product category but also signals opportunities for pianos-supplying countries that help satisfy the powerful demand.

Companies

Piano Exporting Companies

Below are global manufacturers of pianos that represent established players engaged in the international trade of pianos. Their home country is shown within parenthesis.

  • Bösendorfer (Austria)
  • Fazioli (Italy)
  • Kawai Musical Instruments (Japan)
  • Luigi Borgato (Italy)
  • Maene (Belgium)
  • Pearl River Piano Group (China)
  • Petrof (Czech Republic)
  • Samick Musical Instruments Co, Ltd (South Korea)
  • Suzuki Musical Instrument Corporation (Japan)
  • Wilhelm Schimmel (Germany)
  • Wurlitzer (United States)
  • Yamaha Corporation (Japan)

Samick is one of the world’s largest musical instrument makers including pianos. The Pearl River Piano Group is the largest Chinese piano producer, and purports to own the world’s biggest piano factory. The above list also includes the Czech piano manufacturer Petrof, Europe’s leading piano maker.









 
See also Highest Value Chinese Export Products and China’s Top Trading Partners

Research Sources:
Investopedia, Net Exports Definition. Accessed on August 5, 2017

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on August 5, 2017

Trade Map, International Trade Centre. Accessed on August 5, 2017

Wikipedia, List of piano manufacturers. Accessed on August 5, 2017