Key Market Indicators
Revenue from Slovak musical instruments is forecast to reach nearly €9 million by 2026, up from €7 million in 2021. On average, the market has grown 2.8% year on year since 2013. This is expected to rise to a 3.8% CAGR over the period 2021-2026. Since 2015, the annual rate of growth has been 19.8%. Slovak musical instrument imports are predicted to reach $27 million in 2026, up from $22 million in 2021, with a CAGR of 3.2% since 1999. In 2021, Slovakia was ranked 40th with imports worth $22 million, overtaken by Panama. Germany, China and Japan were second, third and fourth in the ranking. Exports of Slovak musical instruments are projected to reach $26 million in 2026, compared to $21 million in 2021, with a CAGR of 3.5% since 1999. In 2021, Slovakia came in 25th with exports worth $21 million, overtaken by Denmark. Germany, the US and Japan were second, third and fourth in the ranking.
