Key Market Indicators
China is set to become the world's largest exporter and importer of musical instruments by 2026. Exports of Chinese musical instruments are expected to reach $1.9 billion by 2026, an increase of 1.4% per year from 2021. Since 1997, Chinese supply has grown by 1.9% annually. The United States, Germany and Japan were the second, third and fourth largest exporters of Chinese musical instruments respectively. Imports of Chinese musical instruments are expected to rise to $634 million by 2026, with an average annual growth rate of 3% from 2021. Since 1997, Chinese demand has grown by 7.2% every year. Germany, China and Japan were the second, third and fourth largest importers of Chinese musical instruments respectively.