Latest Report Update: May 26, 2021

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

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Norway: Piano Market Overview 2021

Piano Market Size in Norway

For the third consecutive year, the Norwegian piano market recorded decline in sales value, which decreased by -X% to $X in 2020. In general, consumption showed a deep slump. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Piano Exports

Exports from Norway

In 2020, shipments abroad of pianos and other keyboard stringed musical instruments increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. As a result, exports reached the peak of X units. From 2013 to 2020, the growth exports failed to regain the momentum.

In value terms, piano exports reduced to $X in 2020. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then dropped slightly in the following year.

Exports by Country

Poland (X units), Iceland (X units) and Uganda (X units) were the main destinations of piano exports from Norway, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Uganda, while shipments for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value to Finland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Iceland (-X% per year).

Export Prices by Country

In 2020, the average piano export price amounted to $X per unit, declining by -X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, average export prices hit record highs at $X per unit in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Finland ($X per unit), while the average price for exports to Moldova ($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 Moldova (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Piano Imports

Imports into Norway

In 2020, piano imports into Norway reduced rapidly to X units, dropping by -X% on 2019. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at X units in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, piano imports dropped markedly to $X in 2020. In general, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X units) constituted the largest supplier of piano to Norway, accounting for a X% share of total imports. Moreover, piano imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was occupied by the Czech Republic (X units), with a X% share.

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

In value terms, Germany ($X) constituted the largest supplier of piano to Norway, comprising X% of total imports. The second position in the ranking was occupied by Poland ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2020, the average piano import price amounted to $X per unit, stabilizing at the previous year. Overall, the import price recorded a notable expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($X per unit), while the price for Japan ($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) remains the largest piano consuming country worldwide, accounting for 22% of total volume. Moreover, piano consumption in Indonesia exceeded the figures recorded by the second-largest consumer, Italy (22K units), twofold. The third position in this ranking was occupied by Viet Nam (21K units), with a 9.3% share.
What are the largest producers of pianos and other keyboard stringed musical instruments in the world?
+
The countries with the highest volumes of piano production in 2020 were Japan (145K units), Indonesia (78K units) and Italy (23K units), with a combined 84% share 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 Norway?
+
In value terms, Germany ($2M) constituted the largest supplier of piano to Norway, comprising 78% of total imports. The second position in the ranking was occupied by Poland ($194K), with a 7.6% share of total imports. It was followed by the Netherlands, with a 4.8% share.
What are the leading importers of pianos and other keyboard stringed musical instruments from Norway?
+
In value terms, Finland ($133K) emerged as the key foreign market for piano exports from Norway, comprising 87% of total exports. The second position in the ranking was occupied by Poland ($15K), with a 9.9% share of total exports. It was followed by Iceland, with a 1.7% share.
What is the average export price for pianos and other keyboard stringed musical instruments in Norway?
+
The average piano export price stood at $2,761 per unit in 2020, with a decrease of -11.2% against the previous year.
What is the average import price for pianos and other keyboard stringed musical instruments in Norway?
+
In 2020, the average piano import price amounted to $7,140 per unit, therefore, remained relatively stable 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 Norway. 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:
• Norway

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Norway
• 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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