India Musical Instrument Industry Outlook 2022 - 2026

Key Market Indicators

Exports of Indian musical instruments are projected to reach around $22 million by 2026, up 1.5% annually from $20 million in 2021. This growth rate has been consistent since 1993, rising 2.8% per year. India ranked 26th in 2021, with Slovakia overtaking them at $20 million. Germany, the United States and Japan were the top three countries in this ranking. Imports of Indian musical instruments are estimated to reach $76 million by 2026, up 3.3% annually from $62 million in 2021. This rate of growth has been increasing since 1993, with a 10.6% rise each year. In 2021, India ranked 24th, with Mexico overtaking them at $62 million. Germany, China and Japan were the top three countries on this list.

India Musical Instrument Market Data and Forecasts

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