Norway - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Norway - 2023
Contents:
- Piano Price in Norway (CIF) - 2022
- Piano Price in Norway (FOB) - 2022
- Piano Imports in Norway
- Piano Exports in Norway
Piano Price in Norway (CIF) - 2022
The average piano import price stood at $4,977 per unit in 2022, dropping by -15.8% against the previous year. In general, the import price saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 106% against the previous year. The import price peaked at $8,690 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
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 ($18,618 per unit), while the price for Italy ($295 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Norway (FOB) - 2022
The average piano export price stood at $1,236 per unit in 2022, reducing by -39.5% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2018 an increase of 220% against the previous year. The export price peaked at $5,476 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($10,025 per unit), while the average price for exports to Uganda ($119 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 Tanzania (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Imports in Norway
Piano imports into Norway soared to 829 units in 2022, surging by 17% compared with the previous year's figure. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53% against the previous year. As a result, imports reached the peak of 1.2K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, piano imports dropped to $4.1M in 2022. The total import value increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, imports reached the peak of $4.2M, and then contracted slightly in the following year.
| Import of Piano in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,612 | 1,500 | 2,390 | 1,843 | 4.6% |
| Japan | 591 | 425 | 639 | 725 | 7.0% |
| Czech Republic | 112 | 92.0 | 195 | 411 | 54.2% |
| Indonesia | 322 | 246 | 355 | 408 | 8.2% |
| China | 119 | 75.6 | 44.8 | 229 | 24.4% |
| United States | 34.1 | 165 | 31.2 | 90.8 | 38.6% |
| Denmark | 144 | 233 | 61.5 | 75.0 | -19.5% |
| Sweden | 196 | 255 | 49.8 | 34.3 | -44.1% |
| United Kingdom | 35.5 | 3.7 | 17.6 | 29.6 | -5.9% |
| Italy | 24.4 | 16.3 | 24.8 | 26.5 | 2.8% |
| Others | 332 | 416 | 364 | 254 | -8.5% |
| Total | 3,521 | 3,428 | 4,172 | 4,126 | 5.4% |
Top Suppliers of Piano to Norway in 2022:
- United States (174.0 units)
- Indonesia (143.0 units)
- China (117.0 units)
- Germany (99.0 units)
- Italy (90.0 units)
- Japan (90.0 units)
- Czech Republic (28.0 units)
- Sweden (18.0 units)
- Denmark (15.0 units)
- United Kingdom (2.0 units)
Piano Exports in Norway
In 2022, approx. 117 units of pianos and other keyboard stringed musical instruments were exported from Norway; jumping by 129% on 2021 figures. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, piano exports surged to $145K in 2022. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 42%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Piano in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 58.6 | 0% |
| Czech Republic | N/A | N/A | N/A | 20.0 | 0% |
| Poland | 47.9 | 21.2 | 41.5 | 12.3 | -36.4% |
| Germany | 10.2 | 2.4 | 56.2 | 9.2 | -3.4% |
| Denmark | N/A | 6.4 | 1.6 | 7.1 | 5.3% |
| Spain | 0.1 | N/A | N/A | 6.9 | 310.2% |
| Tanzania | N/A | N/A | N/A | 5.9 | 0% |
| Uganda | 0.6 | N/A | 2.3 | 5.9 | 114.2% |
| Burundi | N/A | N/A | N/A | 0.3 | 0% |
| Others | 26.0 | 43.3 | 2.6 | 18.4 | -10.9% |
| Total | 84.8 | 73.2 | 104 | 145 | 19.6% |
Top Export Markets for Piano from Norway in 2022:
- Uganda (50.0 units)
- United States (36.0 units)
- Poland (10.0 units)
- Tanzania (5.0 units)
- Denmark (4.0 units)
- Czech Republic (2.0 units)
- Germany (2.0 units)
- Burundi (2.0 units)
- Spain (2.0 units)
This report provides an in-depth analysis of the piano market in Norway. 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:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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
-
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
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