Key Market Indicators
Exports of musical instruments from Lebanon are expected to reach around $122,000 by 2026, up from $117,300 in 2021. This marks a yearly growth rate of 0.6%. Since 2002, exports have grown by an average of 13.2% each year. Lebanon was ranked 80th in 2021, surpassed by Montenegro at $117,300. Germany, the United States and Japan followed in second, third and fourth places respectively. Imports of musical instruments to Lebanon are set to reach $4.5 million by 2026, up from $4.2 million in 2021. This marks a yearly growth rate of 1.3%. Since 2002, imports have increased by 2.3% each year. In 2021, the country ranked 64th, overtaken by Iceland at $4.2 million. Germany, China and Japan were placed second, third and fourth respectively.
