Greece: Grand Piano Market 2025

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

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