Europe: Grand Piano Market 2024

Grand Piano Market Size in Europe

The Europe grand piano market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption showed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Grand Piano Production in Europe

In value terms, grand piano production skyrocketed to $X in 2022 estimated in export price. The total production indicated a resilient 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, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

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Grand Piano Exports

Exports in Europe

In 2022, shipments abroad of acoustic grand pianos decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a mild slump. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, grand piano exports contracted to $X in 2022. Total exports indicated a notable 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Germany was the largest exporting country with an export of about X units, which resulted at X% of total exports. The UK (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%), the Czech Republic (X%) and Italy (X%). Poland (X units) and France (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grand piano exports from Germany stood at X%. At the same time, the Netherlands (X%), Italy (X%) and the UK (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, France (X%) and Poland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, the UK and Italy 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 ($X) remains the largest grand piano supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

In Germany, grand piano exports expanded at an average annual rate of X% over the period from 2012-2022. 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 Europe amounted to $X per unit, with a decrease of X% against the previous year. Export price indicated strong growth 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, grand piano export price decreased by X% against 2019 indices. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 ($X per unit), while the UK ($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 Europe

Grand piano imports was estimated at X units in 2022, picking up by X% against the year before. Total imports indicated a measured expansion from 2012 to 2022: its volume 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 2016 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, grand piano imports shrank remarkably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined remarkably in the following year.

Imports by Country

The countries with the highest levels of grand piano imports in 2022 were the UK (X units), the Netherlands (X units) and Germany (X units), together recording X% of total import. France (X units) took the next position in the ranking, followed by Poland (X units). All these countries together held near X% share of total imports. Italy (X units), Belgium (X units), Spain (X units), the Czech Republic (X units), Switzerland (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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, the largest grand piano importing markets in Europe were Germany ($X), the UK ($X) and France ($X), together comprising X% of total imports. Poland, Switzerland, the Netherlands, Spain, Italy, Belgium, the Czech Republic and Russia lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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 Europe amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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