Switzerland: Upright Piano Market 2025

Upright Piano Market Size in Switzerland

In 2022, after three years of growth, there was significant decline in the Swiss upright piano market, when its value decreased by -17.2% to $X. Over the period under review, consumption showed a pronounced setback. Upright piano consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Upright Piano Exports

Exports from Switzerland

In 2022, the amount of acoustic new upright pianos exported from Switzerland dropped markedly to X units, waning by -31.8% against the previous year's figure. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 57% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, upright piano exports shrank slightly to $X in 2022. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 when exports increased by 64%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for upright piano exports from Switzerland, with a 40% share of total exports. Moreover, upright piano exports to Germany exceeded the volume sent to the second major destination, France (X units), threefold. Poland (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Poland (+11.8% per year).

In value terms, Germany ($X) remains the key foreign market for acoustic new upright pianos exports from Switzerland, comprising 44% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports. It was followed by Ukraine, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-5.5% per year) and Ukraine (0.0% per year).

Export Prices by Country

In 2022, the average upright piano export price amounted to $X per unit, growing by 42% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2015 an increase of 72% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per unit), while the average price for exports to North Macedonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Upright Piano Imports

Imports into Switzerland

In 2022, approx. X units of acoustic new upright pianos were imported into Switzerland; with a decrease of -15.7% on the previous year. Overall, imports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 13%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, upright piano imports shrank sharply to $X in 2022. Over the period under review, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of upright piano imports to Switzerland, together comprising 82% of total imports. Japan, China, Italy and France lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +15.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of acoustic new upright pianos to Switzerland, comprising 49% of total imports. The second position in the ranking was taken by Indonesia ($X), with an 18% share of total imports. It was followed by the Czech Republic, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-5.0% per year) and the Czech Republic (+13.4% per year).

Import Prices by Country

In 2022, the average upright piano import price amounted to $X per unit, with a decrease of -4.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 17%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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