Key Market Indicators
Revenue from musical instruments in Bulgaria is set to reach nearly €3 Million by 2026, growing at an average rate of 0.7% year on year. Since 2015, the market has grown by 0.8% annually. Import of musical instruments in Bulgaria is set to reach $3.7 Million by 2026, an increase of 1.2% year on year in CAGR since 2001. In 2021, the country was ranked 72nd, with Paraguay coming ahead with $3.5 Million. Germany, China and Japan followed respectively in 2nd, 3rd and 4th place. Exports of musical instruments from Bulgaria are projected to reach $5.3 Million by 2026, a rise of 2.4% year on year since 2001. In 2021, the country was in 37th place, with Israel overtaking with $4.6 Million. Germany, the United States and Japan came in 2nd, 3rd and 4th respectively. In 2017, Bulgarian musical instrument revenue totalled €2.7 Million, an increase of 3.9% compared to the previous year.
