Key Market Indicators
Exports of musical instruments from Japan are expected to total around $609 million by 2026, a 0.5% decrease from 2021's figure of $627 million. Since 1993, Japan's supply has grown by an average of 2% a year. The US overtook Japan in 2021, with exports totaling $627 million. Germany, the US and Japan ranked second, third and fourth respectively. Imports of musical instruments to Japan are forecast to reach $541 million by 2026, a 0.6% increase from 2021's figure of $524 million. Since 1993, Japan's demand has increased by an average of 0.5% a year. China outstripped Japan in 2021, with imports totaling $524 million. Germany, China and Japan ranked second, third and fourth respectively.
