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Paraguay Musical Instrument Industry Outlook 2022 - 2026

See how Paraguay Musical Instrument performed compared to key markets such as the United States, Germany and China.

Key Market Indicators

Paraguay's musical instrument imports are expected to reach nearly $3.7 million by 2026, growing at an average rate of 0.9% each year. Since 1994, Paraguayan demand has increased by 9.4% annually. In 2021, Ethiopia overtook Paraguay as the top importer at $3.5 million. Germany, China, and Japan ranked second, third, and fourth, respectively. Paraguay's musical instrument exports plummeted 68.6% to $689 in 2021 from $2.2 million in 2020. Since 1999, Paraguayan supply has grown by 60.4% each year. In 2021, Belize took the lead at $689, while Germany, the United States, and Japan followed in second, third, and fourth, respectively.

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Paraguay Musical Instrument Market Data and Forecasts

How much will Paraguay Musical Instrument Market grow to 2026?

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