Netherlands: Piano Market 2024

Piano Market Size in the Netherlands

In 2021, the Dutch piano market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, recorded a perceptible shrinkage. Piano consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Piano Production in the Netherlands

In value terms, piano production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when the production volume increased by 43% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Piano Exports

Exports from the Netherlands

In 2021, the amount of pianos and other keyboard stringed musical instruments exported from the Netherlands fell to X tons, waning by -4.8% on the previous year's figure. Over the period under review, exports, however, saw significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,046% against the previous year. As a result, the exports reached the peak of X tons, and then contracted in the following year.

In value terms, piano exports amounted to $X in 2021. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,343% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons) was the main destination for piano exports from the Netherlands, with a 86% share of total exports. Moreover, piano exports to Germany exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold. The UK (X tons) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +43.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+78.9% per year) and the UK (+27.9% per year).

In value terms, Germany ($X) remains the key foreign market for pianos and other keyboard stringed musical instruments exports from the Netherlands, comprising 83% of total exports. The second position in the ranking was held by the UK ($X), with a 9.1% share of total exports. It was followed by Kenya, with a 0.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +50.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+35.0% per year) and Kenya (-14.6% per year).

Export Prices by Country

The average piano export price stood at $X per ton in 2021, growing by 6.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 157%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Piano Imports

Imports into the Netherlands

In 2021, purchases abroad of pianos and other keyboard stringed musical instruments increased by 2.4% to X tons, rising for the fourth year in a row after five years of decline. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 241%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, piano imports expanded rapidly to $X in 2021. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 331% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of piano to the Netherlands, with a 52% share of total imports. Moreover, piano imports from Indonesia exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +95.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.0% per year) and China (-8.7% per year).

In value terms, Indonesia ($X), Japan ($X) and China ($X) constituted the largest piano suppliers to the Netherlands, together accounting for 86% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +90.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average piano import price amounted to $X per ton, rising by 7.7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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