Piano Market Overview in Bulgaria
In value terms, piano production amounted to $ in 2018 estimated in export prices. Overall, piano production, however, continues to indicate an extraordinary expansion. The most prominent rate of growth was recorded in 2015 with an increase of % year-to-year. In that year, piano production attained its peak level of $. From 2016 to 2018, piano production growth failed to regain its momentum.
The revenue of the piano market in Bulgaria amounted to $ in 2018, waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, piano consumption, however, continues to indicate an abrupt curtailment. The pace of growth appeared the most rapid in 2010 when the market value increased by % against the previous year. Piano consumption peaked at $ in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.