Key Market Indicators
Revenue from Spanish musical instruments is expected to reach €42.48 million by 2026, a 1.1% decrease from 2021's €45.3 million. Year-on-year, the market has been decreasing since 2015, by an average of 0.5%. Imports of musical instruments into Spain are projected to reach $167.6 million in 2026, a 1.4% increase from 2021's $154.3 million. Since 1994, the demand for musical instruments in Spain has grown by 3.5% year on year. In 2021, Spain ranked 11th in the world for imports, behind the Netherlands at $154.3 million, Germany, China and Japan at second, third and fourth respectively. Exports of Spanish musical instruments are predicted to reach $43.5 million in 2026, a 0.6% increase from 2021's $42.1 million. The country's supply of musical instruments has grown by 3.7% year on year since 1994. In 2021, Spain came in 17th place in the world, the Czech Republic taking the lead with $42.1 million, followed by Germany, the United States and Japan in second, third and fourth respectively.
