Poland: Piano Market 2024

Piano Market Size in Poland

The Polish piano market fell to $X in 2021, reducing by -14.2% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Piano consumption peaked at $X in 2020, and then fell in the following year.

Piano Production in Poland

In value terms, piano production shrank notably to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31%. Piano production peaked at $X in 2020, and then shrank rapidly in the following year.

Piano Exports

Exports from Poland

In 2021, exports of pianos and other keyboard stringed musical instruments from Poland was estimated at X tons, increasing by 6.9% compared with the year before. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 13%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, piano exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for piano exports from Poland, with a 52% share of total exports. Moreover, piano exports to Germany exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Switzerland (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+48.3% per year) and Switzerland (-1.7% per year).

In value terms, Germany ($X) remains the key foreign market for pianos and other keyboard stringed musical instruments exports from Poland, comprising 53% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by China, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.3% per year) and China (+55.9% per year).

Export Prices by Country

The average piano export price stood at $X per ton in 2021, surging by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2016 an increase of 10%. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Canada ($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 the United States (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Piano Imports

Imports into Poland

In 2021, piano imports into Poland skyrocketed to X tons, with an increase of 24% on 2020. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 51%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, piano imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main suppliers of piano imports to Poland, together accounting for 67% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +33.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of pianos and other keyboard stringed musical instruments to Poland, comprising 55% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by the United States, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+10.0% per year) and the United States (+16.0% per year).

Import Prices by Country

The average piano import price stood at $X per ton in 2021, rising by 16% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 25% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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