Key Market Indicators
Exports of musical instruments from Guatemala are expected to reach around $216 million by 2026, a drop of 1.1% from 2021. This is a decrease of 3.6% from 1998. In 2021, Guatemala ranked 70th in the world, while Namibia took 70th place with $231,380. Germany, the United States and Japan were the next three countries in the rankings. Meanwhile, imports of musical instruments to Guatemala are on the rise, projected to hit $17.7 million by 2026, a 2.3% increase from 2021. This is a 6.2% increase since 1998. In 2021, Guatemala ranked 44th in the world, while Colombia came in ahead with $15.4 million. Germany, China and Japan were the next three countries in the rankings.