Key Market Indicators
Demand for musical instruments in Iran is expected to reach $13.4 million by 2026, growing annually at a CAGR of 3.2%. Since 2002, the year-on-year demand has risen by 17%. In 2021, Iran ranked 46th in this category, lagging behind Slovenia with $11.1 million. Germany, China and Japan ranked 2nd, 3rd and 4th respectively. Iranian musical instrument exports are projected to reach $836,530 by 2026, increasing at a rate of 1% per year on average. Since 2003, the year-on-year supply has decreased by 2.5%. In 2021, Iran placed 58th in this index, behind Saint Lucia with $790,630. Germany, the United States and Japan ranked 2nd, 3rd and 4th respectively.
