Piano Market Overview in Sweden
In value terms, piano production stood at $ in 2018 estimated in export prices. Overall, piano production continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when production volume increased by % year-to-year. In that year, piano production attained its peak level of $. From 2015 to 2018, piano production growth remained at a lower figure.
The revenue of the piano market in Sweden amounted to $ in 2018, 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). Over the period under review, piano consumption continues to indicate a precipitous decline. The pace of growth was the most pronounced in 2014 with an increase of % year-to-year. Piano consumption peaked at $ in 2008; however, from 2009 to 2018, consumption remained at a lower figure.