Denmark - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Denmark - 2023
Contents:
- Piano Price in Denmark (CIF) - 2022
- Piano Price in Denmark (FOB) - 2022
- Piano Imports in Denmark
- Piano Exports in Denmark
Piano Price in Denmark (CIF) - 2022
In 2022, the average piano import price amounted to $5,550 per unit, picking up by 14% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 decreased by -18.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 51%. As a result, import price reached the peak level of $6,802 per unit. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bulgaria ($23,946 per unit), while the price for the Netherlands ($74 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+141.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Denmark (FOB) - 2022
In 2022, the average piano export price amounted to $8,200 per unit, growing by 148% against the previous year. Overall, the export price showed mild growth. Over the period under review, the average export prices hit record highs at $10,629 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($50,317 per unit), while the average price for exports to Faroe Islands ($3,360 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 Lebanon (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Imports in Denmark
Piano imports into Denmark soared to 597 units in 2022, rising by 42% on the previous year's figure. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.0% against 2020 indices. The growth pace was the most rapid in 2020 when imports increased by 58% against the previous year. As a result, imports attained the peak of 775 units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, piano imports soared to $3.3M in 2022. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $4.5M in 2020; however, from 2021 to 2022, imports remained at a lower figure.
| Import of Piano in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,566 | 779 | 720 | 1,788 | 4.5% |
| Indonesia | 247 | 263 | 219 | 530 | 29.0% |
| Bulgaria | N/A | N/A | N/A | 383 | 0% |
| Japan | 566 | 534 | 935 | 356 | -14.3% |
| United Kingdom | 30.9 | 106 | 14.5 | 134 | 63.1% |
| Czech Republic | 5.2 | 5.2 | 48.4 | 57.7 | 123.0% |
| Sweden | 425 | 1,825 | 32.4 | 27.6 | -59.8% |
| China | 77.9 | 121 | 56.6 | N/A | -14.8% |
| Belgium | N/A | 353 | N/A | N/A | 0% |
| Others | 408 | 500 | 23.7 | 38.0 | -54.7% |
| Total | 3,326 | 4,484 | 2,050 | 3,313 | -0.1% |
Top Suppliers of Piano to Denmark in 2022:
- Germany (249.0 units)
- Indonesia (195.0 units)
- United Kingdom (48.0 units)
- Japan (46.0 units)
- Czech Republic (20.0 units)
- Bulgaria (16.0 units)
- Sweden (2.0 units)
Piano Exports in Denmark
After two years of decline, overseas shipments of pianos and other keyboard stringed musical instruments increased by 204% to 167 units in 2022. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at 171 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, piano exports soared to $1.4M in 2022. In general, exports, however, showed a deep contraction. The exports peaked at $1.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Piano in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 55.2 | N/A | 481 | 195.2% |
| Norway | 56.1 | 23.7 | 16.0 | 242 | 62.8% |
| Faroe Islands | 419 | 18.9 | 149 | 192 | -22.9% |
| Sweden | 515 | 162 | N/A | 151 | -33.6% |
| China | 20.1 | 3.3 | N/A | 130 | 86.3% |
| Finland | 546 | 57.2 | N/A | 109 | -41.6% |
| Others | 262 | 223 | 16.3 | 64.6 | -37.3% |
| Total | 1,818 | 543 | 182 | 1,369 | -9.0% |
Top Export Markets for Piano from Denmark in 2022:
- Faroe Islands (57.0 units)
- Norway (54.0 units)
- China (24.0 units)
- Germany (14.0 units)
- Finland (4.0 units)
- Sweden (3.0 units)
This report provides an in-depth analysis of the piano market in Denmark. 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:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- 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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