Netherlands: Grand Piano Market 2024

Grand Piano Market Size in the Netherlands

The Dutch grand piano market soared to $X in 2021, picking up by 1,278% 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). Overall, consumption showed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Grand Piano Exports

Exports from the Netherlands

In 2021, the amount of acoustic grand pianos exported from the Netherlands fell notably to X tons, with a decrease of -15.4% against the year before. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 4,112% against the previous year. As a result, the exports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, grand piano exports reduced modestly to $X in 2021. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,607%. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

Germany (X tons) was the main destination for grand piano exports from the Netherlands, accounting for a 90% share of total exports. Moreover, grand piano exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +572.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2,665.5% per year) and China (-14.0% per year).

In value terms, Germany ($X) remains the key foreign market for acoustic grand pianos exports from the Netherlands, comprising 72% of total exports. The second position in the ranking was taken by the UK ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +572.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+560.9% per year) and China (-15.4% per year).

Export Prices by Country

The average grand piano export price stood at $X per ton in 2021, with an increase of 15% against the previous year. Overall, the export price showed mild growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 125%. As a result, the export price attained the peak level of $X per ton. From 2020 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 ($X per ton), while the average price for exports to Germany ($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 Kenya (+17.3%), while the prices for the other major destinations experienced mixed trend patterns.

Grand Piano Imports

Imports into the Netherlands

In 2021, overseas purchases of acoustic grand pianos increased by 5.9% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 322%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, grand piano imports rose notably to $X in 2021. Over the period under review, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 413% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of grand piano to the Netherlands, accounting for a 53% share of total imports. Moreover, grand piano imports from Indonesia exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia amounted to +57.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+50.6% per year) and Germany (+9.6% per year).

In value terms, Japan ($X) constituted the largest supplier of acoustic grand pianos to the Netherlands, comprising 51% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 19% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +70.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+30.0% per year) and Germany (+6.7% per year).

Import Prices by Country

The average grand piano import price stood at $X per ton in 2021, picking up by 5.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 68% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Indonesia ($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 (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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