Europe: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Europe

The Europe keyboard stringed instrument market declined sharply to $X in 2022, dropping by X% against the previous year. In general, consumption continues to indicate a abrupt slump. 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 Europe

In value terms, keyboard stringed instrument production reached $X in 2022 estimated in export price. Overall, production showed a noticeable contraction. The most prominent rate of growth was recorded 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.

Keyboard Stringed Instrument Exports

Exports in Europe

In 2022, shipments abroad of keyboard stringed instruments increased by X% to X units, rising for the second consecutive year after two years of decline. Total exports indicated a prominent increase 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, keyboard stringed instrument exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) and Italy (X units) were the major exporters of keyboard stringed instruments in 2022, reaching near X% and X% of total exports, respectively. It was distantly followed by the UK (X units), generating an X% share of total exports. The following exporters - Belgium (X units), Denmark (X units), Serbia (X units), France (X units), Switzerland (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 main 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, the largest keyboard stringed instrument supplying countries in Europe were Italy ($X), Denmark ($X) and Germany ($X), together comprising X% of total exports. The UK, France, the Netherlands, Belgium, Poland, Serbia, Switzerland and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Europe

In 2022, supplies from abroad of keyboard stringed instruments decreased by X% to X units, falling for the third consecutive year after two years of growth. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, keyboard stringed instrument imports declined rapidly to $X in 2022. Over the period under review, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units), distantly followed by Ireland (X units), Denmark (X units), France (X units), Italy (X units), Moldova (X units) and Spain (X units) represented the main importers of keyboard stringed instruments, together constituting X% of total imports. Germany (X units), Norway (X units), Hungary (X units), the Netherlands (X units), Sweden (X units) and Belarus (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to keyboard stringed instrument imports into the UK stood at X%. At the same time, Moldova (X%), Belarus (X%), Hungary (X%), the Netherlands (X%), Norway (X%), Denmark (X%) and Italy (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Ireland (X%), Sweden (X%), Spain (X%) and France (X%) illustrated a downward trend over the same period. Denmark (X p.p.), Moldova (X p.p.), Italy (X p.p.), Ireland (X p.p.), Hungary (X p.p.), the UK (X p.p.), Norway (X p.p.), the Netherlands (X p.p.), Germany (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Spain and France saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest keyboard stringed instrument importing markets in Europe were Denmark ($X), the UK ($X) and Italy ($X), with a combined X% share of total imports. France, the Netherlands, Norway, Ireland, Germany, Spain, Hungary, Sweden, Belarus and Moldova lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Belarus, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 Europe stood at $X per unit in 2022, declining by X% against the previous year. Import price indicated a pronounced 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. 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 when the import price increased by X% against the previous year. As a result, import price reached 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 Denmark ($X per unit), while Moldova ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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