Key Market Indicators
Colombian musical instrument exports are expected to reach $1.5 million by 2026, up 4% year-on-year from $1.1 million in 2021. Since 1996, the country has seen a 31.4% annual increase in supply. In 2021, Colombia was the 55th largest exporter, behind Brunei at $1.1 million. Germany, the United States and Japan were the second, third and fourth largest exporters, respectively. Colombian musical instrument imports are predicted to reach $17.9 million by 2026, a 0.3% year-on-year increase from $17.5 million in 2021. Since 1996, the country's demand has decreased by 0.2% annually. In 2021, Colombia was the 43rd largest importer, behind South Africa at $17.5 million. Germany, China and Japan occupied the second, third and fourth spots respectively.
