Mongolia Musical Instrument Industry Outlook 2022 - 2026

Key Market Indicators

Mongolian exports of musical instruments are projected to reach nearly $4,000 by 2026, a 0.4% rise from 2021. Since 2001, Mongolian supply has decreased by 1.7% per year on average. In 2021, Mongolia was ranked 111th, behind Kyrgyzstan at $3,850. Germany, the US and Japan took the 2nd, 3rd and 4th spots, respectively. Meanwhile, Mongolian imports of musical instruments are forecast to reach $675,000 by 2026, a drop of 5.9% per year on average since 2001. In 2021, Mongolia was 96th, behind Fiji at $958,320. Germany, China and Japan were the top three, respectively.

Mongolia Musical Instrument Market Data and Forecasts

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