EU: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in the EU

The EU keyboard stringed instrument market contracted notably to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Keyboard Stringed Instrument Production in the EU

In value terms, keyboard stringed instrument production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable reduction. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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Keyboard Stringed Instrument Exports

Exports in the EU

In 2022, overseas shipments of keyboard stringed instruments increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, keyboard stringed instrument exports soared to $X in 2022. The total export value 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 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; afterwards, it flattened through to 2022.

Exports by Country

The Netherlands (X units) and Italy (X units) prevails in exports structure, together constituting X% of total exports. The following exporters - Belgium (X units), Denmark (X units), France (X units), Poland (X units), Germany (X units) and Slovakia (X units) - together made up X% of total exports.

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

In value terms, Italy ($X), Denmark ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. France, the Netherlands, Belgium, Poland and Slovakia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the Netherlands ($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.

Keyboard Stringed Instrument Imports

Imports in the EU

In 2022, overseas purchases of keyboard stringed instruments decreased by X% to X units, falling for the third consecutive year after two years of growth. In general, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, keyboard stringed instrument imports dropped dramatically to $X in 2022. Overall, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Ireland (X units), Denmark (X units), France (X units), Italy (X units), Spain (X units), Germany (X units), Hungary (X units) and the Netherlands (X units) represented roughly X% of total imports in 2022. Sweden (X units), Greece (X units), Poland (X units), Romania (X units) and Austria (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Italy ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. The Netherlands, Ireland, Germany, Spain, Romania, Hungary, Austria, Poland, Greece and Sweden lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in the European Union amounted to $X per unit, with a decrease of X% against the previous year. Import price indicated a noticeable expansion 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. Based on 2022 figures, keyboard stringed instrument import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then reduced in the following year.

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

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

Source: IndexBox Platform

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