Report Update Nov 1, 2024

Norway - Pianos and Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Piano Market 2024

Piano Market Size in Norway

The Norwegian piano market skyrocketed to $X in 2021, rising by 16% 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, however, recorded a abrupt decline. Piano consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Piano Exports

Exports from Norway

Piano exports from Norway soared to X tons in 2021, growing by 26% against 2020 figures. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 171% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, piano exports rose remarkably to $X in 2021. Overall, exports continue to indicate a slight expansion. The most prominent rate of growth was recorded in 2016 with an increase of 119% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for piano exports from Norway, accounting for a 54% share of total exports. Moreover, piano exports to Poland exceeded the volume sent to the second major destination, Uganda (X tons), threefold. Sweden (X kg) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled +24.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+45.1% per year) and Sweden (-5.7% per year).

In value terms, Sweden ($X), Poland ($X) and Germany ($X) were the largest markets for piano exported from Norway worldwide, with a combined 53% share of total exports. These countries were followed by the United States, the Netherlands, Uganda and Congo, which together accounted for a further 9.2%.

Among the main countries of destination, Uganda, with a CAGR of +42.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average piano export price amounted to $X per ton, declining by -9.5% against the previous year. In general, the export price recorded a deep downturn. The growth pace was the most rapid in 2018 an increase of 141% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Congo ($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 Congo (+83.8%), while the prices for the other major destinations experienced more modest paces of growth.

Piano Imports

Imports into Norway

In 2021, supplies from abroad of pianos and other keyboard stringed musical instruments increased by 2.5% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 9.4%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, piano imports soared to $X in 2021. In general, imports, however, continue to indicate a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Japan (X tons) and Indonesia (X tons) were the main suppliers of piano imports to Norway, with a combined 63% share of total imports. These countries were followed by the Czech Republic, Denmark, India, China, the Netherlands, Ireland, Italy, Austria and Poland, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +99.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pianos and other keyboard stringed musical instruments to Norway, comprising 36% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Indonesia, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.5% per year) and Indonesia (-1.6% per year).

Import Prices by Country

The average piano import price stood at $X per ton in 2021, rising by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.5%), 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 pianos and other keyboard stringed musical instruments in the world?

The country with the largest volume of piano consumption was China, accounting for 30% of total volume. Moreover, piano consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Pakistan ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of pianos and other keyboard stringed musical instruments in the world?

The country with the largest volume of piano production was Japan, comprising approx. 29% of total volume. Moreover, piano production in Japan exceeded the figures recorded by the second-largest producer, China, twofold. The third position in this ranking was occupied by Indonesia, with a 13% share.

What are the leading suppliers of pianos and other keyboard stringed musical instruments to Norway?

In value terms, Germany constituted the largest supplier of piano to Norway, comprising 44% of total imports. The second position in the ranking was occupied by Japan, with a 12% share of total imports. It was followed by Sweden, with a 7.4% share.

What are the leading importers of pianos and other keyboard stringed musical instruments from Norway?

In value terms, Canada, Poland and Denmark appeared to be the largest markets for piano exported from Norway worldwide, with a combined 81% share of total exports.

What is the average export price for pianos and other keyboard stringed musical instruments in Norway?

In 2020, the average piano export price amounted to $10,152 per ton, which is down by -41.3% against the previous year.

What is the average import price for pianos and other keyboard stringed musical instruments in Norway?

The average piano import price stood at $36,879 per ton in 2020, increasing by 12% against the previous year.

This report provides an in-depth analysis of the piano market in Norway. 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 32201110 - Acoustic new upright pianos (including automatic pianos)
Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
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