Piano Market Overview in Sweden
In value terms, piano production shrank modestly to $ in 2019 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by % y-o-y. As a result, production attained the peak level of $. From 2015 to 2019, production growth failed to regain the momentum.
The size of the piano market in Sweden fell to $ in 2019, reducing 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). Overall, consumption enjoyed a temperate increase. The most prominent rate of growth was recorded in 2012 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to 2019, consumption remained at a lower figure.