Piano Market Overview in Ireland
In value terms, piano production stood at $ in 2018 estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to 2018; the trend pattern remained relatively stable, with only minor fluctuations over the period under review. The pace of growth appeared the most rapid in 2010 with an increase of % against the previous year. Piano production peaked in 2018 and is expected to retain its growth in the in years to come.
The revenue of the piano market in Ireland amounted to $ in 2018, surging 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, however, continues to indicate a drastic shrinkage. The most prominent rate of growth was recorded in 2010 when the market value increased by % year-to-year. Piano consumption peaked at $ in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.