Brazil Musical Instrument Industry Outlook 2022 - 2026

Key Market Indicators

Brazil’s imports and exports of musical instruments are expected to decline slightly in the coming years. Imports are projected to drop from $71.8 million in 2021 to $66 million by 2026, a decrease of 1.4% per year on average. This is a sharp contrast to the 4.3% growth seen since 1994. In 2021, the UAE was the top importer of musical instruments at $71.8 million, followed by Germany, China and Japan. Exports of musical instruments are estimated to reach $4 million in 2026, down 1.2% per year on average from $4.3 million in 2021. This is a slight decrease compared to the 0.3% average annual decrease since 1994. In 2021, Bulgaria was the top exporter of musical instruments at $4.3 million, followed by Germany, the US and Japan.

Brazil Musical Instrument Market Data and Forecasts

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