Poland: Grand Piano Market 2024

Grand Piano Market Size in Poland

The Polish grand piano market skyrocketed to $X in 2021, increasing by 16% against the previous year. Overall, consumption showed resilient growth. Grand piano consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Grand Piano Production in Poland

In value terms, grand piano production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced setback. The growth pace was the most rapid in 2017 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Grand Piano Exports

Exports from Poland

In 2021, approx. X tons of acoustic grand pianos were exported from Poland; growing by 21% against the previous year. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grand piano exports soared to $X in 2021. The total export value increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), China (X tons) and Switzerland (X tons) were the main destinations of grand piano exports from Poland, together accounting for 70% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +46.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for acoustic grand pianos exports from Poland, comprising 43% of total exports. The second position in the ranking was held by France ($X), with a 16% share of total exports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.3% per year) and China (+54.0% per year).

Export Prices by Country

In 2021, the average grand piano export price amounted to $X per ton, falling by -3.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($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 China (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Grand Piano Imports

Imports into Poland

In 2021, grand piano imports into Poland amounted to X tons, increasing by 15% against 2020 figures. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, grand piano imports soared to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Germany (X tons) and France (X tons) were the main suppliers of grand piano imports to Poland, together comprising 64% of total imports. These countries were followed by Switzerland, China, Austria, Indonesia, Japan and the UK, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +27.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of acoustic grand pianos to Poland, comprising 51% of total imports. The second position in the ranking was held by France ($X), with a 17% share of total imports. It was followed by the United States, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.2% per year) and the United States (+17.0% per year).

Import Prices by Country

In 2021, the average grand piano import price amounted to $X per ton, picking up by 13% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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