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Russia Musical Instrument Industry Outlook 2022 - 2026

See how Russia Musical Instrument performed compared to key markets such as the United States, Germany and China.

Key Market Indicators

Russia's import and export of musical instruments is set to rise steadily over the next five years. In 2021, imports of musical instruments in Russia were worth around $87 million. This is an increase of 1.4% compared to 2020. Since 2001, the demand for musical instruments in Russia has grown by 10.6% year-on-year. Of the top 20 countries importing musical instruments into Russia, Switzerland was number one with $81 million, Germany was second, China was third and Japan was fourth. Exports of musical instruments from Russia are set to reach $6.1 million by 2026, up from $4.9 million in 2021. This equates to an average annual growth rate of 3.8%. Since 2001, the supply of musical instruments from Russia has grown by 27.7% year-on-year. Of the top 20 countries exporting musical instruments from Russia, Chile was number one with $4.9 million, Germany was second, the United States was third and Japan was fourth.

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Russia Musical Instrument Market Data and Forecasts