Piano Market Overview in Estonia
In value terms, piano production amounted to $ in 2018 estimated in export prices. Overall, piano production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Estonia piano production peaked at $ in 2015; however, from 2016 to 2018, production failed to regain its momentum.
The revenue of the piano market in Estonia amounted to $ in 2018, going down 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). In general, piano consumption continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the market value increased by % against the previous year. In that year, the piano market reached its peak level of $. From 2016 to 2018, the growth of the piano market failed to regain its momentum.