Key Market Indicators
Demand for musical instruments in South Africa is set to reach $21.3 million by 2026, growing at a rate of 0% year on year on average. Since 2005, demand has increased by 3.4% year on year. In 2021, South Africa was ranked 42nd, with the Philippines overtaking it at $19.0 million. Germany, China and Japan occupied spots two, three and four respectively in the rankings. Meanwhile, exports of musical instruments from South Africa are forecast to reach $2.3 million by 2026, declining at an average rate of 2% year on year. Since 2005, supplies have decreased by 3.1% year on year. In 2021, South Africa was ranked 45th, with Ireland ahead at $2.5 million. Germany, the United States and Japan took positions two, three and four in the rankings.
