Lithuania Musical Instrument Industry Outlook 2022 - 2026

Key Market Indicators

Lithuania's musical instrument imports and exports are both set to increase over the next five years. Imports are projected to reach $9.2 million by 2026, up from $7.8 million in 2021. This represents a 2.8% year-on-year CAGR since 1999. In 2021, Lithuania ranked 54th, with Sri Lanka in first place. Germany, China, and Japan followed in second, third, and fourth place, respectively. Exports are projected to reach $5.2 million by 2026, up from $4.2 million in 2021. This represents a 3.5% year-on-year average rate since 1999. In 2021, Lithuania ranked 39th, with Brazil in first place. Germany, the United States, and Japan followed in second, third, and fourth place, respectively.

Lithuania Musical Instrument Market Data and Forecasts

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