Portugal: Piano Market 2025

Piano Market Size in Portugal

After four years of decline, the Portuguese piano market increased by 63% to $X in 2021. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Piano Exports

Exports from Portugal

In 2021, piano exports from Portugal soared to X tons, jumping by 79% against 2020 figures. Overall, exports, however, recorded a abrupt curtailment. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, piano exports soared to $X in 2021. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 167%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Angola (X tons), Turkey (X tons) and the UK (X kg) were the main destinations of piano exports from Portugal, together accounting for 78% of total exports. These countries were followed by Mozambique, Guinea and Cabo Verde, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +27.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X), Turkey ($X) and Mozambique ($X) appeared to be the largest markets for piano exported from Portugal worldwide, with a combined 93% share of total exports.

Mozambique, with a CAGR of +53.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, rising by 22% against the previous year. Overall, the export price, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2014 an increase of 95% against the previous year. As a result, the export price attained 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 external markets. In 2021, the country with the highest price was Angola ($X per ton), while the average price for exports to the UK ($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 Arab Emirates (+30.9%), while the prices for the other major destinations experienced mixed trend patterns.

Piano Imports

Imports into Portugal

In 2021, supplies from abroad of pianos and other keyboard stringed musical instruments increased by 53% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, piano imports soared to $X in 2021. Over the period under review, imports, however, showed a mild descent. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of piano to Portugal, accounting for a 42% share of total imports. Moreover, piano imports from Japan exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-13.8% per year) and Germany (+50.1% per year).

In value terms, Japan ($X), Germany ($X) and France ($X) were the largest piano suppliers to Portugal, together accounting for 74% of total imports.

France, with a CAGR of +114.1%, recorded 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 more modest paces of growth.

Import Prices by Country

In 2021, the average piano import price amounted to $X per ton, growing by 13% against the previous year. Overall, the import price, however, saw a slight setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average 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 France ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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