EU: Grand Piano Market 2024

Grand Piano Market Size in the EU

The EU grand piano market surged to $X in 2021, increasing by 26% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Grand Piano Production in the EU

In value terms, grand piano production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Grand Piano Exports

Exports in the EU

In 2021, approx. X tons of acoustic grand pianos were exported in the European Union; increasing by 20% against the year before. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, grand piano exports soared to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.9% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany prevails in exports structure, accounting for X tons, which was approx. 54% of total exports in 2021. The Netherlands (X tons) ranks second in terms of the total exports with a 9% share, followed by the Czech Republic (7.8%), Poland (7.4%), France (4.9%) and Italy (4.5%). The following exporters - Austria (X tons) and Spain (X tons) - together made up 5.7% of total exports.

From 2012 to 2021, average annual rates of growth with regard to grand piano exports from Germany stood at +1.3%. At the same time, the Netherlands (+32.9%), Spain (+21.6%), Italy (+8.9%) and Poland (+2.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +32.9% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. By contrast, France (-2.0%) and Austria (-2.7%) illustrated a downward trend over the same period. While the share of the Netherlands (+8.2 p.p.), Italy (+1.9 p.p.) and Spain (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Austria (-2 p.p.), France (-2.4 p.p.), the Czech Republic (-2.6 p.p.) and Germany (-6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest grand piano supplier in the European Union, comprising 71% of total exports. The second position in the ranking was taken by Poland ($X), with a 5.1% share of total exports. It was followed by Austria, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +5.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+2.6% per year) and Austria (+1.3% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of 2.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.1%), while the other leaders experienced more modest paces of growth.

Grand Piano Imports

Imports in the EU

In 2021, approx. X tons of acoustic grand pianos were imported in the European Union; increasing by 20% on the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grand piano imports skyrocketed to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.7% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), distantly followed by Italy (X tons), France (X tons), Poland (X tons), the Netherlands (X tons) and Belgium (X tons) represented the largest importers of acoustic grand pianos, together achieving 81% of total imports. Spain (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +24.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grand piano importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), with a combined 55% share of total imports. Poland, Spain, the Netherlands and Belgium lagged somewhat behind, together comprising a further 26%.

The Netherlands, with a CAGR of +24.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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