Key Market Indicators
Demand for musical instruments in Ukraine is expected to reach $10.5 million by 2026, up 1.7% annually from 2021. This follows an 11.1% increase since 2001. In 2021, Ukraine ranked 50th, just behind Hungary with a total of $9.5 million. Germany, China and Japan ranked second, third and fourth respectively. Meanwhile, Ukrainian exports of musical instruments are forecast to reach $404,000 by 2026, a decrease of 1.6% annually from 2021. This follows a 0.1% increase since 2001. In 2021, Ukraine ranked 63rd, just behind Kuwait with a total of $443,000. Germany, the US and Japan ranked second, third and fourth respectively.
