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Latest Report Update: Dec 26, 2019

Finland - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Finland: Piano Market Overview 2020

Piano Market Size in Finland

The revenue of the piano market in Finland amounted to $X in 2018, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, piano consumption, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2011 when the market value increased by X% against the previous year. Piano consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Piano Exports

Exports from Finland

In 2018, the amount of pianos and other keyboard stringed musical instruments exported from Finland totaled X units, waning by -X% against the previous year. Overall, piano exports, however, continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, piano exports reached their maximum at X units in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, piano exports stood at $X in 2018. In general, piano exports, however, continue to indicate an abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. In that year, piano exports attained their peak of $X. From 2014 to 2018, the growth of piano exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X units), Norway (X units) and Sweden (X units) were the main destinations of piano exports from Finland, with a combined X% share of total exports. Russia, Tanzania, the Czech Republic and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Tanzania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for piano exports from Finland, comprising X% of total piano exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Norway (-X% per year).

Export Prices by Country

The average piano export price stood at $X per unit in 2018, coming down by -X% against the previous year. Over the period under review, the piano export price continues to indicate a deep shrinkage. The growth pace was the most rapid in 2011 when the average export price increased by X% year-to-year. In that year, the average export prices for pianos and other keyboard stringed musical instruments reached their peak level of $X per unit. From 2012 to 2018, the growth in terms of the average export prices for pianos and other keyboard stringed musical instruments failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Sweden ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced a decline.

Piano Imports

Imports into Finland

In 2018, the amount of pianos and other keyboard stringed musical instruments imported into Finland stood at X units, surging by X% against the previous year. In general, piano imports, however, continue to indicate a drastic slump. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Over the period under review, piano imports attained their maximum at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, piano imports totaled $X in 2018. In general, piano imports, however, continue to indicate a deep drop. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Singapore (X units) constituted the largest supplier of piano to Finland, accounting for a X% share of total imports. Moreover, piano imports from Singapore exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Singapore amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and China (-X% per year).

In value terms, Singapore ($X), Germany ($X) and Japan ($X) were the largest piano suppliers to Finland, with a combined X% share of total imports.

In terms of the main suppliers, Singapore recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average piano import price stood at $X per unit in 2018, lowering by -X% against the previous year. Overall, the import price indicated a moderate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Japan ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Product coverage:
• Prodcom 32201110 - Acoustic new upright pianos (including automatic pianos)
• Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
• Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)

This report provides an in-depth analysis of the piano market in Finland. 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.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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