Malta: Piano Market 2020

Piano Market Size in Malta

The revenue of the piano market in Malta amounted to $X in 2018, falling by -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, piano consumption, however, continues to indicate a temperate descent. The most prominent rate of growth was recorded in 2012 when the market value increased by X% against the previous year. Malta piano consumption peaked at $X in 2010; however, from 2011 to 2018, consumption stood at a somewhat lower figure.

Piano Exports

Exports from Malta

In 2018, the amount of pianos and other keyboard stringed musical instruments exported from Malta totaled X units, increasing by X% against the previous year. Overall, piano exports, however, continue to indicate a drastic descent. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. In that year, piano exports attained their peak of X units. From 2012 to 2018, the growth of piano exports remained at a lower figure.

In value terms, piano exports totaled $X in 2018. In general, piano exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, piano exports reached their maximum at $X in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

Exports by Country

Japan represented the main exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Indonesia (X units) and China (X units), together making up a X% share of total exports. Germany (X units), Oman (X units) and Malaysia (X units) occupied a little share of total exports.

Exports from Japan increased at an average annual rate of +X% from 2007 to 2018. At the same time, Oman (+X%), Indonesia (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Germany (-X%) and China (-X%) illustrated a downward trend over the same period. While the share of Japan (+X p.p.), Indonesia (+X p.p.) and Oman (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of Germany (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest piano supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Japan amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2018, the piano export price in Malta amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the piano export price, however, continues to indicate strong growth. The growth pace was the most rapid in 2012 an increase of X% y-o-y. Over the period under review, the export prices for pianos and other keyboard stringed musical instruments attained their maximum at $X per unit in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the export price figures.

Piano Imports

Imports into Malta

Piano imports into Malta totaled X units in 2018, rising by X% against the previous year. Over the period under review, piano imports, however, continue to indicate a moderate shrinkage. The growth pace was the most rapid in 2012 when imports increased by X% y-o-y. Over the period under review, piano imports reached their maximum at X units in 2010; however, from 2011 to 2018, imports remained at a lower figure.

In value terms, piano imports stood at $X in 2018. In general, piano imports, however, continue to indicate a perceptible drop. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, piano imports attained their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

China was the major importing country with an import of around X units, which resulted at X% of total imports. The U.S. (X units) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%) and Germany (X%). Malaysia (X units), France (X units), Australia (X units), Qatar (X units), Canada (X units), South Korea (X units), the UK (X units) and Israel (X units) occupied a little share of total imports.

From 2007 to 2018, average annual rates of growth with regard to piano imports into China stood at +X%. At the same time, Qatar (+X%), Vietnam (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Australia (-X%), Germany (-X%), Malaysia (-X%), the UK (-X%), France (-X%), the U.S. (-X%), Canada (-X%) and South Korea (-X%) illustrated a downward trend over the same period. China (+X p.p.), Vietnam (+X p.p.), Qatar (+X p.p.) and Israel (+X p.p.) significantly strengthened its position in terms of the global imports, while Malaysia, France, Canada, South Korea and the U.S. saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest piano importing markets into Malta were China ($X), the U.S. ($X) and Germany ($X), together accounting for X% of total imports.

Among the main importing countries, China experienced the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The piano import price in Malta stood at $X per unit in 2018, falling by -X% against the previous year. Over the period under review, the piano import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, the import prices for pianos and other keyboard stringed musical instruments attained their peak figure at $X per unit in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform