Report Update Nov 1, 2024

Greece - Acoustic Grand Pianos - Market Analysis, Forecast, Size, Trends and Insights

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Greece: Grand Piano Market 2024

Grand Piano Market Size in Greece

The Greek grand piano market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted significant growth. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Grand Piano Exports

Exports from Greece

In 2021, grand piano exports from Greece stood at X kg, stabilizing at 2020 figures. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,074%. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, grand piano exports dropped sharply to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 888%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X kg) was the main destination for grand piano exports from Greece, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Cyprus totaled +37.7%.

In value terms, Cyprus ($X) also remains the key foreign market for acoustic grand pianos exports from Greece.

From 2012 to 2021, the average annual rate of growth in terms of value to Cyprus totaled +20.7%.

Export Prices by Country

The average grand piano export price stood at $X per ton in 2021, reducing by -21.5% against the previous year. In general, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 134% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Cyprus.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to -8.5% per year.

Grand Piano Imports

Imports into Greece

In 2021, purchases abroad of acoustic grand pianos was finally on the rise to reach X tons after two years of decline. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 624% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, grand piano imports surged to $X in 2021. Overall, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 816% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest grand piano supplier to Greece, accounting for a 64% share of total imports. Moreover, grand piano imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The UK (X kg) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+39.7% per year) and the UK (+20.3% per year).

In value terms, Germany ($X) constituted the largest supplier of acoustic grand pianos to Greece, comprising 78% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by Austria, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+35.8% per year) and Austria (-3.0% per year).

Import Prices by Country

In 2021, the average grand piano import price amounted to $X per ton, dropping by -2.9% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when the average import price increased by 27%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acoustic grand pianos in the world?

Japan remains the largest grand piano consuming country worldwide, comprising approx. 27% of total volume. Moreover, grand piano consumption in Japan exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. The United States ranked third in terms of total consumption with an 11% share.

What are the largest producers of acoustic grand pianos in the world?

Japan remains the largest grand piano producing country worldwide, accounting for 62% of total volume. Moreover, grand piano production in Japan exceeded the figures recorded by the second-largest producer, Indonesia, twofold. Germany ranked third in terms of total production with a 7.3% share.

What are the leading suppliers of acoustic grand pianos to Greece?

In value terms, Germany constituted the largest supplier of grand piano to Greece, comprising 81% of total imports. The second position in the ranking was occupied by China, with an 18% share of total imports.

What are the leading importers of acoustic grand pianos from Greece?

In value terms, Cyprus remains the key foreign market for grand piano exports from Greece.

What is the average export price for acoustic grand pianos in Greece?

The average grand piano export price stood at $17,031 per ton in 2020, with a decrease of -12.7% against the previous year.

What is the average import price for acoustic grand pianos in Greece?

In 2020, the average grand piano import price amounted to $21,772 per ton, reducing by -26.2% against the previous year.

This report provides an in-depth analysis of the grand piano market in Greece. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)

Country coverage:

Greece

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Greece
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023