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Slovenia Musical Instrument Industry Outlook 2020

See how Slovenia Musical Instrument performed compared to key markets.

Key Market Indicators

Slovene musical instrument revenue rose 6.8% in 2020 to €4.7 million, compared to €4.4 million in 2019. Imports are forecast to reach $11.9 million by 2026, growing 1.1% year-on-year on average since 1999, when the country came in 45th place. Guatemala overtook Slovenia in 2021, with imports of $11.2 million. Germany, China and Japan came in second, third and fourth, respectively. Exports of musical instruments from Slovenia are expected to reach $7.5 million by 2026, growing 2.4% year-on-year on average since 1999. Slovenia was in 31st place in 2021, with Australia overtaking at $6.5 million. Germany, the United States and Japan came in second, third and fourth, respectively. In 2018, Slovene musical instrument revenue totalled €2.1 million, a 23.5% increase from the €1.7 million seen in 2017. Since 2014, the market has fallen 6.9% year-on-year.

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Slovenia Musical Instrument Market Data and Forecasts