Key Market Indicators
Maltese musical instrument import is expected to reach $2.4 million by 2026, growing 1.6% year-on-year on average. Since 1999, demand has risen by an average of 2.3% each year. In 2021, Malta ranked 81st in the world, with the Dominican Republic ahead of it at $2.2 million. Germany, China and Japan followed in second, third and fourth place respectively. Maltese musical instrument export is forecast to fall to $6.5 million by 2026, dropping an average of 6.7% year-on-year. From 1999, supply has declined by 12.3% annually. In 2021, Malta ranked 105th, with Mauritius ahead at $9.6 million. Germany, the United States and Japan came in second, third and fourth place respectively.