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Hungary Musical Instrument Industry Outlook 2022 - 2026

See how Hungary Musical Instrument performed compared to key markets.

Key Market Indicators

Revenue from Hungarian Musical Instruments is set to reach €8.9 million by 2026, rising from €7.6 million in 2021 at a compound annual growth rate (CAGR) of 2.8%. Since 2015, the market has grown 13.1% year-on-year. Exports of Hungarian Musical Instruments are set to reach $6.6 million by 2026, up from $6.3 million in 2021 at a CAGR of 0.9%. Since 1997, the country's supply has increased 1.9% year-on-year. In 2021, Hungary ranked 33rd, with Tunisia ahead of them with $6.3 million. Germany, the US and Japan took the next three spots in the ranking. Imports of Hungarian Musical Instruments are set to reach $11.7 million by 2026, up from $10.7 million in 2021 at a CAGR of 1.5%. Since 1997, the country's demand has risen 3.1% year-on-year. In 2021, Hungary ranked 49th, with Croatia taking the lead with $10.7 million. Germany, China and Japan were the next three countries in the ranking.

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Hungary Musical Instrument Market Data and Forecasts