Key Market Indicators
Croatian musical instrument revenue is projected to reach €1.58 million by 2026, up from €1.4 million in 2021. This would represent a 2.1% year-on-year CAGR. Since 2016, the Croatian market has seen an increase of 4.9% year-on-year. Croatian musical instrument imports are expected to reach $12.35 million by 2026, up from $10.93 million in 2021. This would equate to an average year-on-year growth of 2.1%. Since 1997, Croatian demand has risen by 9% year-on-year. In 2021, Croatia ranked 48th, overtaken by Greece at $10.93 million. Germany, China and Japan respectively were numbers 2, 3 and 4 in this ranking. Croatian musical instrument exports are projected to reach $1.88 million by 2026, climbing from $1.71 million in 2021. This would amount to a 1.6% year-on-year average rate of growth. Since 1997, Croatian supply has grown by 1.7% year-on-year. In 2021, Croatia placed 50th, overtaken by Serbia at $1.71 million. Germany, the United States and Japan respectively were numbers 2, 3 and 4 in this ranking.
