Denmark - Acoustic New Upright Pianos - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUpright Piano Price in Denmark - 2023
Contents:
- Upright Piano Price in Denmark (CIF) - 2023
- Upright Piano Price in Denmark (FOB) - 2022
- Upright Piano Imports in Denmark
- Upright Piano Exports in Denmark
Upright Piano Price in Denmark (CIF) - 2023
In July 2023, the average upright piano import price amounted to $2,962 per unit, falling by -18.6% against the previous month. Over the period under review, import price indicated measured growth from July 2022 to July 2023: its price increased at an average monthly rate of +3.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, upright piano import price decreased by -33.9% against May 2023 indices. The pace of growth was the most pronounced in August 2022 an increase of 44% m-o-m. Over the period under review, average import prices hit record highs at $4,484 per unit in May 2023; afterwards, it flattened through to July 2023.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($3,034 per unit), while the price for Indonesia stood at $2,910 per unit.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Upright Piano Price in Denmark (FOB) - 2022
The average upright piano export price stood at $655 per unit in 2022, declining by -18.8% against the previous year. In general, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2018 when the average export price increased by 753%. As a result, the export price attained the peak level of $8,296 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($2,153 per unit), while the average price for exports to Ghana ($70 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 Sweden (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.
Upright Piano Imports in Denmark
In 2022, approx. 511 units of acoustic new upright pianos were imported into Denmark; with an increase of 9.2% on the previous year's figure. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 146%. As a result, imports attained the peak of 646 units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, upright piano imports fell modestly to $1M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 -11.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 79%. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Upright Piano in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 199 | 266 | 219 | 485 | 34.6% |
| Germany | 185 | 334 | 343 | 390 | 28.2% |
| Japan | 139 | 301 | 458 | 131 | -2.0% |
| China | 33.3 | 23.2 | 57.1 | N/A | 30.9% |
| Sweden | 72.9 | 152 | N/A | N/A | 108.5% |
| Others | 19.4 | 87.3 | N/A | 21.9 | 4.1% |
| Total | 649 | 1,164 | 1,078 | 1,028 | 16.6% |
Top Suppliers of Upright Piano to Denmark in 2022:
- Indonesia (288.0 units)
- Germany (167.0 units)
- Japan (46.0 units)
Upright Piano Exports in Denmark
In 2022, overseas shipments of acoustic new upright pianos were finally on the rise to reach 352 units after two years of decline. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, upright piano exports surged to $231K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Upright Piano in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | N/A | N/A | 137 | 135.4% |
| Faroe Islands | 58.7 | 12.5 | 4.7 | 84.0 | 12.7% |
| United States | N/A | N/A | N/A | 4.6 | 0% |
| Switzerland | N/A | 11.6 | 0.6 | 2.2 | -56.5% |
| Ghana | N/A | N/A | N/A | 1.4 | 0% |
| Thailand | N/A | N/A | 0.6 | 0.3 | -50.0% |
| Sweden | 21.9 | 68.0 | N/A | N/A | 210.5% |
| Others | 8.5 | 17.0 | 9.5 | 1.2 | -47.9% |
| Total | 99.7 | 109 | 15.3 | 231 | 32.3% |
Top Export Markets for Upright Piano from Denmark in 2022:
- China (281.0 units)
- Faroe Islands (39.0 units)
- Ghana (20.0 units)
- United States (7.0 units)
- Thailand (2.0 units)
- Switzerland (1.0 units)
This report provides an in-depth analysis of the upright 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)
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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