Key Market Indicators
Exports of musical instruments from Malaysia are expected to hit $256 million by 2026, up from $207 million in 2021. This represents an average annual growth rate of 3.5%. Since 1994, Malaysian supply has increased by 20.1% each year. In 2021, the Netherlands was the world leader in exports with $207 million, followed by Germany, the United States and Japan. Imports of musical instruments into Malaysia are projected to reach $72 million by 2026, up from $67 million in 2021. This represents an annual growth rate of 1.4%. Since 1994, Malaysian demand has risen by 1.6% annually. Poland was the number one importer in 2021 with $67 million, followed by Germany, China and Japan.
