Germany remains the leading importer of pianos and other keyboard stringed musical instruments in Europe with a marginal increase of 0.12% in 2023. The Netherlands showed the most significant year-on-year growth of 29.91%, indicating a robust demand. France, despite being the third-largest importer, saw a decline of 2.13%. The United Kingdom experienced a slight uptick of 0.71%, while Denmark had an impressive growth of 52.66%, reflecting a potential market boom. Notable decreases were seen in Luxembourg (-34.26%), Sweden (-16.34%), and Italy (-10.67%). Smaller markets such as Hungary and Lithuania showed healthy growth rates of 17.24% and 27.26%, respectively. Conversely, Portugal and Greece saw significant declines of -19.33% and -19.32%.
Forecasts for 2024 suggest continuing robust growth in the Netherlands and Denmark. Close monitoring is advised for markets with high volatility, such as Luxembourg and Malta. Emerging markets like Lithuania and Hungary may offer lucrative opportunities, while traditionally larger markets like Germany and France are expected to stabilize.
Top countries in Import of Pianos and Other Keyboard Stringed Musical Instruments by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 13,410 | 2023 | +0.29% | +0.12% | View data |
| 2 | 2 Netherlands | 13,330 | 2023 | +18.48% | +29.91% | View data |
| 3 | 3 France | 6,070 | 2023 | +0.12% | -2.13% | View data |
| 4 | 4 United Kingdom | 4,080 | 2023 | -1.78% | +0.71% | View data |
| 5 | 5 Belgium | 3,430 | 2023 | +10.95% | +8.46% | View data |
| 6 | 6 Denmark | 3,230 | 2023 | +33.54% | +52.66% | View data |
| 7 | 7 Spain | 2,420 | 2023 | -1.59% | +10.27% | View data |
| 8 | 8 Poland | 1,660 | 2023 | +0.12% | +4.09% | View data |
| 9 | 9 Luxembourg | 1,460 | 2023 | -16.76% | -34.26% | View data |
| 10 | 10 Sweden | 1,420 | 2023 | +26.85% | -16.34% | View data |
