Sweden - Pianos And Other Keyboard Stringed Musical Instruments - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPiano Price in Sweden - 2023
Contents:
- Piano Price in Sweden (CIF) - 2023
- Piano Price in Sweden (FOB) - 2022
- Piano Imports in Sweden
- Piano Exports in Sweden
Piano Price in Sweden (CIF) - 2023
In July 2023, the average piano import price amounted to $8,695 per unit, with a decrease of -25.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 308% month-to-month. Over the period under review, average import prices reached the peak figure at $24,583 per unit in May 2023; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($29,315 per unit), while the price for India stood at $2,996 per unit.
From August 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Piano Price in Sweden (FOB) - 2022
In 2022, the average piano export price amounted to $3,398 per unit, increasing by 14% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2018 an increase of 229%. The export price peaked at $4,105 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($14,432 per unit), while the average price for exports to Sri Lanka ($147 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 Finland (+58.1%), while the prices for the other major destinations experienced more modest paces of growth.
Piano Imports in Sweden
In 2022, overseas purchases of pianos and other keyboard stringed musical instruments were finally on the rise to reach 329 units after two years of decline. Overall, imports, however, faced a abrupt curtailment. Imports peaked at 620 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, piano imports rose remarkably to $3.2M in 2022. The total import value increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
Import of Piano in Sweden (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2,052 | 2,151 | 2,444 | 2,703 | 9.6% |
Denmark | 309 | 169 | 352 | 219 | -10.8% |
Finland | N/A | 16.2 | 81.7 | 192 | 244.3% |
Norway | 90.4 | 9.8 | 74.9 | 37.6 | -25.4% |
United States | 8.8 | 15.4 | 8.4 | 13.5 | 15.3% |
China | 56.0 | 19.6 | 5.1 | 3.0 | -62.3% |
Others | 40.1 | 19.0 | 19.4 | 41.9 | 1.5% |
Total | 2,556 | 2,400 | 2,985 | 3,210 | 7.9% |
Top Suppliers of Piano to Sweden in 2022:
- Germany (213.0 units)
- Denmark (39.0 units)
- Norway (19.0 units)
- United States (14.0 units)
- Finland (13.0 units)
- China (7.0 units)
Piano Exports in Sweden
In 2022, shipments abroad of pianos and other keyboard stringed musical instruments decreased by -47.8% to 268 units, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 97% against the previous year. As a result, the exports reached the peak of 525 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, piano exports reduced notably to $911K in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $1.7M. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Piano in Sweden (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Denmark | 212 | 358 | 460 | 359 | 19.2% |
Finland | 245 | 195 | 137 | 202 | -6.2% |
Norway | 381 | 371 | 503 | 169 | -23.7% |
Chile | 13.9 | 72.1 | 137 | 59.8 | 62.6% |
Germany | 160 | 611 | 194 | 35.6 | -39.4% |
United Arab Emirates | 8.8 | N/A | N/A | 34.6 | 57.8% |
China | 6.5 | N/A | 1.5 | 10.8 | 18.4% |
Sri Lanka | 15.6 | 6.6 | 8.3 | 2.5 | -45.7% |
United Kingdom | N/A | N/A | 0.7 | 1.3 | 85.7% |
Others | 52.5 | 92.1 | 88.3 | 36.2 | -11.7% |
Total | 1,096 | 1,705 | 1,530 | 911 | -6.0% |
Top Export Markets for Piano from Sweden in 2022:
- Chile (83.0 units)
- United Arab Emirates (40.0 units)
- Denmark (35.0 units)
- Norway (35.0 units)
- Sri Lanka (17.0 units)
- Finland (14.0 units)
- Germany (7.0 units)
- China (7.0 units)
- United Kingdom (4.0 units)
This report provides an in-depth analysis of the piano market in Sweden. 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:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- 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
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