Scandinavia: Piano Market 2024

Piano Market Size in Scandinavia

The Scandinavia piano market expanded remarkably to $X in 2022, with an increase of X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Piano Production in Scandinavia

In value terms, piano production soared to $X in 2022 estimated in export price. Over the period under review, production enjoyed a measured increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Piano Exports

Exports in Scandinavia

In 2022, overseas shipments of pianos and other keyboard stringed musical instruments decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, piano exports fell to $X in 2022. Over the period under review, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

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

Exports from Sweden decreased at an average annual rate of X% from 2012 to 2022. At the same time, Norway (X%) and Finland (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. Norway (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sweden ($X) remains the largest piano supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

In Sweden, piano exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

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

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

Piano Imports

Imports in Scandinavia

In 2022, piano imports in Scandinavia soared to X units, picking up by X% against 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, piano imports shrank to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Norway (X units) was the key importer of pianos and other keyboard stringed musical instruments, constituting X% of total imports. It was distantly followed by Sweden (X units) and Finland (X units), together achieving a X% share of total imports.

Norway experienced a relatively flat trend pattern with regard to volume of imports of pianos and other keyboard stringed musical instruments. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2022. By contrast, Finland (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by X percentage points.

In value terms, the largest piano importing markets in Scandinavia were Norway ($X), Sweden ($X) and Finland ($X).

In terms of the main importing countries, Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, falling by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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