Latest Report Update: May 26, 2021

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

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Germany: Piano Market Overview 2021

Piano Market Size in Germany

The German piano market skyrocketed to $X in 2020, jumping by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Over the period under review, the market attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Piano Production in Germany

In value terms, piano production dropped slightly to $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Piano Exports

Exports from Germany

In 2020, after two years of growth, there was significant decline in overseas shipments of pianos and other keyboard stringed musical instruments, when their volume decreased by -X% to X units. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at X units in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, piano exports expanded slightly to $X in 2020. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

Exports by Country

Switzerland (X units), China (X units) and Belgium (X units) were the main destinations of piano exports from Germany, with a combined X% share of total exports. France, Austria, the UK, the U.S., the Netherlands, Poland, Finland, Hungary, Japan and Russia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for piano exports from Germany, comprising X% of total exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2020, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and the U.S. (-X% per year).

Export Prices by Country

In 2020, the average piano export price amounted to $X per unit, rising by X% against the previous year. In general, the export price showed a prominent increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% y-o-y. The export price peaked in 2020 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Piano Imports

Imports into Germany

After two years of growth, overseas purchases of pianos and other keyboard stringed musical instruments decreased by -X% to X units in 2020. In general, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Imports peaked at X units in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

In value terms, piano imports fell to $X in 2020. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Imports peaked at $X in 2011; however, from 2012 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Indonesia (X units) constituted the largest supplier of piano to Germany, with a X% share of total imports. Moreover, piano imports from Indonesia exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and China (-X% per year).

In value terms, Japan ($X), Indonesia ($X) and China ($X) appeared to be the largest piano suppliers to Germany, with a combined X% share of total imports.

Indonesia saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average piano import price stood at $X per unit in 2020, surging by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The import price peaked in 2020 and is likely to continue growth in the near future.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pianos and other keyboard stringed musical instruments in the world?
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Indonesia (49K units) constituted the country with the largest volume of piano consumption, accounting for 22% of total volume. Moreover, piano consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Italy (22K units), twofold. Viet Nam (21K units) ranked third in terms of total consumption with a 9.3% share.
What are the largest producers of pianos and other keyboard stringed musical instruments in the world?
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The countries with the highest volumes of piano production in 2020 were Japan (145K units), Indonesia (78K units) and Italy (23K units), together accounting for 84% of global production. The Czech Republic, India, Germany and Malaysia lagged somewhat behind, together accounting for a further 12%.
What are the leading suppliers of pianos and other keyboard stringed musical instruments to Germany?
+
In value terms, the largest piano suppliers to Germany were Japan ($23M), Indonesia ($20M) and China ($4M), with a combined 83% share of total imports.
What are the leading importers of pianos and other keyboard stringed musical instruments from Germany?
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In value terms, China ($45M) remains the key foreign market for piano exports from Germany, comprising 27% of total exports. The second position in the ranking was occupied by Switzerland ($16M), with a 10% share of total exports. It was followed by the U.S., with a 6.7% share.
What is the average export price for pianos and other keyboard stringed musical instruments in Germany?
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In 2020, the average piano export price amounted to $12,191 per unit, increasing by 45% against the previous year.
What is the average import price for pianos and other keyboard stringed musical instruments in Germany?
+
In 2020, the average piano import price amounted to $3,741 per unit, with an increase of 13% against the previous year.

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 Germany. 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 2025.


Country coverage:
• Germany

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Germany
• 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 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
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, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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