Germany - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Germany - 2023
Contents:
- Piano Price in Germany (FOB) - 2023
- Piano Price in Germany (CIF) - 2022
- Piano Exports in Germany
- Piano Imports in Germany
Piano Price in Germany (FOB) - 2023
The average piano export price stood at $19,006 per unit in July 2023, declining by -34% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 46% month-to-month. Over the period under review, the average export prices attained the maximum at $28,816 per unit in June 2023, and then shrank markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Spain ($41,595 per unit), while the average price for exports to Belgium ($5,676 per unit) was amongst the lowest.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Price in Germany (CIF) - 2022
In 2022, the average piano import price amounted to $4,201 per unit, waning by -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure at $4,307 per unit in 2021, and then reduced 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 Japan ($8,149 per unit), while the price for China ($2,246 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Exports in Germany
Piano exports from Germany contracted modestly to 12K units in 2022, dropping by -4.5% on the previous year. In general, exports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 24%. Over the period under review, the exports reached the peak figure at 13K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, piano exports shrank to $199M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of $211M, and then shrank in the following year.
| Export of Piano in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.0 | 44.4 | 54.9 | 56.0 | 10.1% |
| United Kingdom | 12.6 | 10.5 | 15.0 | 17.4 | 11.4% |
| United States | 10.2 | 10.9 | 12.7 | 14.7 | 13.0% |
| France | 16.3 | 10.8 | 17.6 | 14.5 | -3.8% |
| Switzerland | 13.1 | 12.6 | 10.8 | 9.9 | -8.9% |
| Japan | 11.8 | 6.8 | 9.9 | 8.4 | -10.7% |
| Austria | 5.6 | 5.0 | 9.2 | 6.8 | 6.7% |
| Belgium | 6.1 | 6.2 | 6.7 | 5.6 | -2.8% |
| Netherlands | 3.8 | 4.4 | 5.8 | 4.7 | 7.3% |
| Spain | 3.0 | 3.0 | 3.9 | 4.7 | 16.1% |
| Australia | 3.7 | 2.5 | 4.6 | 4.5 | 6.7% |
| Poland | 3.9 | 2.8 | 3.5 | 3.0 | -8.4% |
| Others | 49.3 | 39.2 | 56.2 | 48.9 | -0.3% |
| Total | 181 | 159 | 211 | 199 | 3.2% |
Top Export Markets for Piano from Germany in 2022:
- China (1431.0 units)
- France (1427.0 units)
- Austria (979.0 units)
- Belgium (903.0 units)
- United Kingdom (834.0 units)
- Switzerland (819.0 units)
- Netherlands (772.0 units)
- United States (738.0 units)
- Poland (390.0 units)
- Japan (334.0 units)
- Spain (212.0 units)
- Australia (185.0 units)
Piano Imports in Germany
In 2022, approx. 16K units of pianos and other keyboard stringed musical instruments were imported into Germany; with an increase of 2.7% against the previous year. In general, imports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Imports peaked at 17K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, piano imports stood at $66M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Piano in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 12.1 | 12.5 | 17.9 | 21.6% |
| Japan | 22.2 | 13.0 | 17.6 | 13.7 | -14.9% |
| Indonesia | 25.4 | 9.6 | 13.9 | 13.1 | -19.8% |
| China | 4.0 | 3.8 | 6.3 | 4.7 | 5.5% |
| Czech Republic | 3.1 | 3.2 | 3.7 | 4.1 | 9.8% |
| Poland | 2.8 | 2.7 | 2.6 | 3.2 | 4.6% |
| Others | 3.0 | 9.4 | 9.4 | 9.4 | 46.3% |
| Total | 60.6 | 53.8 | 66.0 | 66.1 | 2.9% |
Top Suppliers of Piano to Germany in 2022:
- Netherlands (4.9K units)
- Indonesia (4.9K units)
- China (2.1K units)
- Japan (1.7K units)
- Poland (0.8K units)
- Czech Republic (0.7K units)
This report provides an in-depth analysis of the piano market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32201110 - Acoustic new upright pianos (including automatic pianos)
- Prodcom 32201130 - Acoustic grand pianos (including automatic pianos)
- Prodcom 32201150 - Keyboard stringed instruments (including harpsichords, s pinets and clavichords)
Country coverage:
- Germany
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Germany
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
434
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In March 2023, the piano price stood at $24,175 per unit (FOB, Germany), picking up by 49% against the previous month.
113
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