Slovenia: Piano Market 2020

Piano Market Size in Slovenia

The revenue of the piano market in Slovenia amounted to $X in 2018, surging by X% 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). In general, piano consumption, however, continues to indicate a measured setback. The most prominent rate of growth was recorded in 2014 when the market value increased by X% y-o-y. Slovenia piano consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Piano Exports

Exports from Slovenia

In 2018, the piano exports from Slovenia stood at X units, going down by -X% against the previous year. In general, piano exports continue to indicate a drastic deduction. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Slovenia exports peaked at X units in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, piano exports amounted to $X in 2018. In general, piano exports continue to indicate a drastic descent. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Slovenia exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Japan was the key exporting country with an export of about X units, which finished at X% of total exports. Indonesia (X units) ranks second in terms of the total exports with a X% share, followed by China (X%). The following exporters - Germany (X units), Oman (X units) and Malaysia (X units) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to piano exports from Japan stood at +X%. At the same time, Oman (+X%), Indonesia (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, Germany (-X%) and China (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of Japan, Indonesia and Oman increased by +X%, +X% and +X% percentage points, while Germany (-X p.p.) and China (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest piano supplier from Slovenia, comprising X% of global exports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Japan amounted to +X%. In the other countries, the average annual rates were as follows: Indonesia (+X% per year) and Germany (-X% per year).

Export Prices by Country

The piano export price in Slovenia stood at $X per unit in 2018, dropping by -X% against the previous year. Overall, the piano export price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2010 an increase of X% year-to-year. In that year, the export prices for pianos and other keyboard stringed musical instruments reached their peak level of $X per unit. From 2011 to 2018, the growth in terms of the export prices for pianos and other keyboard stringed musical instruments failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced mixed trends in the export price figures.

Piano Imports

Imports into Slovenia

In 2018, the piano imports into Slovenia stood at X units, going up by X% against the previous year. Overall, piano imports, however, continue to indicate a significant slump. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Slovenia imports peaked at X units in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, piano imports amounted to $X in 2018. In general, piano imports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Slovenia imports peaked at $X in 2015; however, from 2016 to 2018, imports stood at a somewhat lower figure.

Imports by Country

China was the largest importer of pianos and other keyboard stringed musical instruments in the world, with the volume of imports accounting for X units, which was near X% of total imports in 2018. The U.S. (X units) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Vietnam (X%) and Germany (X%). The following importers - Malaysia (X units), France (X units), Australia (X units), Qatar (X units), Canada (X units), South Korea (X units), the UK (X units) and Israel (X units) - together made up X% of total imports.

From 2007 to 2018, average annual rates of growth with regard to piano imports into China stood at +X%. At the same time, Qatar (+X%), Vietnam (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. By contrast, Australia (-X%), Germany (-X%), Malaysia (-X%), the UK (-X%), France (-X%), the U.S. (-X%), Canada (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Vietnam, Qatar and Israel increased by +X%, +X%, +X% and +X% percentage points, while Malaysia (-X p.p.), France (-X p.p.), Canada (-X p.p.), South Korea (-X p.p.) and the U.S. (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest piano importing markets into Slovenia were China ($X), the U.S. ($X) and Germany ($X), with a combined X% share of total imports.

In terms of the main importing countries, China recorded the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the piano import price in Slovenia amounted to $X per unit, approximately equating the previous year. In general, the piano import price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 when the import price increased by X% y-o-y. In that year, the import prices for pianos and other keyboard stringed musical instruments attained their peak level of $X per unit. From 2015 to 2018, the growth in terms of the import prices for pianos and other keyboard stringed musical instruments failed to regain its momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform