Key Market Indicators
Demand for musical instruments in Australia is set to reach $169 million by 2026, growing at an average of 0.9% year on year. In 2021, Australia was ranked 12th, overtaken by Spain with $152.3 million. Germany, China and Japan followed, ranking 2nd, 3rd and 4th respectively. Supply of musical instruments from Australia is set to reach $9 million by 2026, growing at a rate of 0.1% year on year. In 2021, Australia was ranked 30th, overtaken by Portugal with $8.9 million. Germany, the United States and Japan followed, ranking 2nd, 3rd and 4th respectively.
