Scandinavia: Keyboard Stringed Instrument Market 2024

Keyboard Stringed Instrument Market Size in Scandinavia

The Scandinavia keyboard stringed instrument market declined modestly to $X in 2022, flattening at the previous year. The total consumption indicated a slight 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, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Keyboard Stringed Instrument Production in Scandinavia

In value terms, keyboard stringed instrument production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Keyboard Stringed Instrument Exports

Exports in Scandinavia

In 2022, overseas shipments of keyboard stringed instruments increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, keyboard stringed instrument exports contracted sharply to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X units) was the main exporter of keyboard stringed instruments, achieving X% of total exports. Finland (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Norway (X%).

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Norway experienced a relatively flat trend pattern. While the share of Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest keyboard stringed instrument supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

In Sweden, keyboard stringed instrument exports shrank by 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: Norway (X% per year) and Finland (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced a decline in the export price figures.

Keyboard Stringed Instrument Imports

Imports in Scandinavia

In 2022, purchases abroad of keyboard stringed instruments decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, keyboard stringed instrument imports fell modestly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Norway was the largest importer of keyboard stringed instruments in Scandinavia, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Sweden (X units) took the second position in the ranking, distantly followed by Finland (X units). All these countries together took near X% share of total imports.

Norway was also the fastest-growing in terms of the keyboard stringed instruments imports, with a CAGR of X% from 2012 to 2022. Finland experienced a relatively flat trend pattern. Sweden (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported keyboard stringed instruments in Scandinavia, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Norway amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 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 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :