Netherlands: Upright Piano Market 2024

Upright Piano Market Size in the Netherlands

The Dutch upright piano market surged to $X in 2022, jumping by 24% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Upright piano consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Upright Piano Production in the Netherlands

In value terms, upright piano production dropped dramatically to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. Upright piano production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Upright Piano Exports

Exports from the Netherlands

In 2022, approx. X units of acoustic new upright pianos were exported from the Netherlands; with a decrease of -94.8% compared with 2021 figures. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 966% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, upright piano exports shrank rapidly to $X in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 1,886%. The exports peaked at $X in 2021, and then shrank notably in the following year.

Exports by Country

The UK (X units), China (X units) and Kenya (X units) were the main destinations of upright piano exports from the Netherlands, together accounting for 68% of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +13.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the UK ($X) remains the key foreign market for acoustic new upright pianos exports from the Netherlands, comprising 51% of total exports. The second position in the ranking was held by China ($X), with a 12% share of total exports. It was followed by Switzerland, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value to the UK stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-10.5% per year) and Switzerland (-5.9% per year).

Export Prices by Country

The average upright piano export price stood at $X per unit in 2022, growing by 42% against the previous year. Overall, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2016 an increase of 142% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Upright Piano Imports

Imports into the Netherlands

After three years of growth, overseas purchases of acoustic new upright pianos decreased by -39% to X units in 2022. Over the period under review, imports saw a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 224%. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank significantly in the following year.

In value terms, upright piano imports reduced sharply to $X in 2022. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 314% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of upright piano to the Netherlands, with a 76% share of total imports. Moreover, upright piano imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was held by Germany (X units), with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.3% per year) and Germany (-4.2% per year).

In value terms, the largest upright piano suppliers to the Netherlands were China ($X), Japan ($X) and Germany ($X), together accounting for 94% of total imports. Vietnam lagged somewhat behind, accounting for a further 3.3%.

Vietnam, with a CAGR of +9.5%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average upright piano import price stood at $X per unit in 2022, declining by -39.1% against the previous year. Overall, the import price saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 an increase of 28%. The import price peaked at $X per unit in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :