Spain - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Spain - 2023
Contents:
- Piano Price in Spain (CIF) - 2023
- Piano Price in Spain (FOB) - 2022
- Piano Imports in Spain
- Piano Exports in Spain
Piano Price in Spain (CIF) - 2023
In July 2023, the average piano import price amounted to $8,835 per unit, with an increase of 29% against the previous month. Over the period under review, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in May 2023 an increase of 62% against the previous month. As a result, import price attained the peak level of $14,604 per unit; afterwards, it flattened through to July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($6,814 per unit), while the price for China ($461 per unit) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Piano Price in Spain (FOB) - 2022
The average piano export price stood at $10,567 per unit in 2022, increasing by 7% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, piano export price increased by +63.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 55%. As a result, the export price attained the peak level of $10,882 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
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 the UK ($62,247 per unit), while the average price for exports to Poland ($2,232 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 Germany (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Imports in Spain
In 2022, approx. 2.1K units of pianos and other keyboard stringed musical instruments were imported into Spain; therefore, remained relatively stable against the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 7.3% against the previous year. As a result, imports reached the peak of 2.2K units, leveling off in the following year.
In value terms, piano imports reduced to $12M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.5% 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 +46.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $12M, and then declined slightly in the following year.
| Import of Piano in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.1 | 2.5 | 4.1 | 4.4 | 28.0% |
| Japan | 2.9 | 1.9 | 2.7 | 2.9 | 0.0% |
| Indonesia | 1.7 | 1.8 | 2.0 | 1.7 | 0.0% |
| France | 0.1 | 1.5 | 2.3 | 1.7 | 157.1% |
| Belgium | 0.1 | 0.2 | 0.5 | 0.5 | 71.0% |
| Vietnam | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| China | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| United Kingdom | 0.6 | 1.0 | N/A | N/A | 66.7% |
| Others | 0.4 | 0.3 | 0.6 | 0.4 | 0.0% |
| Total | 8.2 | 9.4 | 12.4 | 12.0 | 13.5% |
Top Suppliers of Piano to Spain in 2022:
- Indonesia (540.0 units)
- Japan (508.0 units)
- France (365.0 units)
- Germany (267.0 units)
- Belgium (194.0 units)
- China (106.0 units)
- Vietnam (72.0 units)
- United Kingdom (9.0 units)
Piano Exports in Spain
In 2022, piano exports from Spain declined notably to 378 units, reducing by -37.4% on 2021 figures. Over the period under review, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 119% against the previous year. As a result, the exports reached the peak of 604 units, and then fell notably in the following year.
In value terms, piano exports shrank dramatically to $4M in 2022. In general, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 153% against the previous year. As a result, the exports reached the peak of $6M, and then fell dramatically in the following year.
| Export of Piano in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 761 | 176 | 2,625 | 1,674 | 30.1% |
| France | 438 | 411 | 343 | 523 | 6.1% |
| United Kingdom | 519 | 755 | 644 | 498 | -1.4% |
| Portugal | 246 | 210 | 306 | 262 | 2.1% |
| Germany | 203 | 478 | 549 | 236 | 5.1% |
| Belgium | 3.1 | 2.1 | 143 | 188 | 292.9% |
| Andorra | 41.7 | 1.0 | 62.3 | 78.3 | 23.4% |
| Switzerland | 14.7 | 0.5 | 22.9 | 73.7 | 71.2% |
| Cuba | 161 | 10.5 | N/A | N/A | -93.5% |
| Netherlands | 39.1 | 32.2 | 3.6 | N/A | -69.7% |
| Saudi Arabia | N/A | 6.2 | 0.1 | N/A | -98.4% |
| Others | 357 | 272 | 1,264 | 462 | 9.0% |
| Total | 2,784 | 2,356 | 5,962 | 3,994 | 12.8% |
Top Export Markets for Piano from Spain in 2022:
- Italy (170.0 units)
- Portugal (67.0 units)
- France (39.0 units)
- Andorra (26.0 units)
- Switzerland (11.0 units)
- Germany (9.0 units)
- Belgium (9.0 units)
- United Kingdom (8.0 units)
This report provides an in-depth analysis of the piano market in Spain. 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:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- 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
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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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