Greece - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Greece - 2023
Contents:
- Piano Price in Greece (CIF) - 2022
- Piano Price in Greece (FOB) - 2022
- Piano Imports in Greece
- Piano Exports in Greece
Piano Price in Greece (CIF) - 2022
In 2022, the average piano import price amounted to $2,635 per unit, surging by 14% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, piano import price increased by +51.5% against 2018 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 60%. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,985 per unit), while the price for South Korea ($893 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Greece (FOB) - 2022
In 2022, the average piano export price amounted to $2,732 per unit, growing by 41% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 260%. As a result, the export price reached the peak level of $10,191 per unit. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cyprus ($3,168 per unit), while the average price for exports to the UK ($50 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 Cyprus (+1.0%), while the prices for the other major destinations experienced a decline.
Piano Imports in Greece
In 2022, approx. 381 units of pianos and other keyboard stringed musical instruments were imported into Greece; picking up by 5.2% on the year before. In general, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Imports peaked at 427 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, piano imports skyrocketed to $1M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +92.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 60%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of Piano in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 389 | 286 | 361 | 447 | 4.7% |
| Germany | 243 | 166 | 287 | 294 | 6.6% |
| China | 144 | 32.9 | 103 | 79.0 | -18.1% |
| South Korea | 47.2 | 31.6 | 34.7 | 39.3 | -5.9% |
| Hong Kong SAR | N/A | N/A | N/A | 37.4 | 0% |
| Others | 10.2 | 5.1 | 50.9 | 107 | 118.9% |
| Total | 834 | 522 | 837 | 1,004 | 6.4% |
Top Suppliers of Piano to Greece in 2022:
- Japan (215.0 units)
- Germany (59.0 units)
- South Korea (44.0 units)
- China (43.0 units)
- Hong Kong SAR (13.0 units)
Piano Exports in Greece
After three years of growth, shipments abroad of pianos and other keyboard stringed musical instruments decreased by -9.8% to 37 units in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 8.1% against the previous year. Over the period under review, the exports hit record highs at 41 units in 2021, and then contracted in the following year.
In value terms, piano exports skyrocketed to $101K in 2022. Over the period under review, exports showed a deep downturn. Over the period under review, the exports attained the peak figure at $145K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Piano in Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cyprus | 46.3 | 65.6 | 72.6 | 98.2 | 28.5% |
| Hungary | N/A | N/A | N/A | 1.7 | 0% |
| Italy | N/A | N/A | N/A | 1.1 | 0% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| Germany | N/A | N/A | 1.0 | N/A | 0% |
| Albania | 12.4 | N/A | 4.8 | N/A | -37.8% |
| United States | N/A | 0.4 | 1.0 | N/A | 150.0% |
| Turkey | 53.6 | N/A | N/A | N/A | 0% |
| Others | 33.2 | N/A | N/A | N/A | 0% |
| Total | 145 | 65.9 | 79.4 | 101 | -11.4% |
Top Export Markets for Piano from Greece in 2022:
- Cyprus (31.0 units)
- Italy (4.0 units)
- United Kingdom (1.0 units)
- Hungary (1.0 units)
This report provides an in-depth analysis of the piano market in Greece. 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)
- Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
- Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)
Country coverage:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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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