United Kingdom: Grand Piano Market 2024

Grand Piano Market Size in the UK

The UK grand piano market surged to $X in 2022, with an increase of 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, consumption posted a buoyant expansion. Grand piano consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Grand Piano Exports

Exports from the UK

After two years of growth, shipments abroad of acoustic grand pianos decreased by X% to X units in 2022. Overall, exports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then declined slightly in the following year.

In value terms, grand piano exports declined to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

China (X units) was the main destination for grand piano exports from the UK, accounting for a X% share of total exports. Moreover, grand piano exports to China exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was taken by Australia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Australia (X% per year).

In value terms, China ($X), the United States ($X) and Japan ($X) were the largest markets for grand piano exported from the UK worldwide, together comprising X% of total exports. Ireland, Germany, Nigeria, Denmark, Australia, Ghana, France, Norway, Poland and Jordan lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grand piano export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Jordan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Grand Piano Imports

Imports into the UK

In 2022, approx. X units of acoustic grand pianos were imported into the UK; with an increase of X% against 2021 figures. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, grand piano imports expanded significantly to $X in 2022. Overall, total imports indicated a moderate increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Indonesia (X units), Japan (X units) and Poland (X units) were the main suppliers of grand piano imports to the UK, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of acoustic grand pianos to the UK, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Indonesia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Indonesia (X% per year).

Import Prices by Country

The average grand piano import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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