Indonesia Musical Instrument Industry Outlook 2022 - 2026

Key Market Indicators

Indonesia's musical instrument export is expected to reach around $691 million by 2026, up from $624.5 million in 2021, with a yearly growth rate of 1.7%. Since 1994, the export supply has increased by 2.5% annually. In 2021, Indonesia ranked 5th with Japan leading at $624.5 million. Germany, the United States and Japan took the 2nd, 3rd and 4th spots respectively. Meanwhile, Indonesian musical instrument import is forecast to hit $173.7 million by 2026, up from $159.7 million in 2021, with an average yearly growth rate of 1.4%. Since 1994, the demand has grown by an average of 2.1% each year. Last year, Indonesia came 9th, with South Korea ahead at $159.7 million. Germany, China and Japan placed 2nd, 3rd and 4th respectively.

Indonesia Musical Instrument Market Data and Forecasts

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