EU: Grand Piano Market 2024

Grand Piano Market Size in the EU

The EU grand piano market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Grand Piano Production in the EU

In value terms, grand piano production soared to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Grand Piano Exports

Exports in the EU

In 2022, the amount of acoustic grand pianos exported in the European Union reduced to X units, standing approx. at 2021. Overall, exports recorded a perceptible setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, grand piano exports reduced to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Germany represented the main exporter of acoustic grand pianos in the European Union, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. The Netherlands (X units) took the second position in the ranking, followed by the Czech Republic (X units), Italy (X units) and Poland (X units). All these countries together took approx. X% share of total exports. The following exporters - France (X units) and Austria (X units) - together made up X% of total exports.

Exports from Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Austria (X%), France (X%) and Poland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Italy and the Czech Republic increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest grand piano supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, waning by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Grand Piano Imports

Imports in the EU

In 2022, approx. X units of acoustic grand pianos were imported in the European Union; increasing by X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, grand piano imports shrank dramatically to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

The Netherlands (X units) and Germany (X units) were the major importers of acoustic grand pianos in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by France (X units), Poland (X units) and Italy (X units), together generating a X% share of total imports. The following importers - Belgium (X units), Spain (X units) and the Czech Republic (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Netherlands, Spain, Italy, Belgium and the Czech Republic lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price saw a mild descent. The growth pace was the most rapid in 2014 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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