Key Market Indicators
Montenegrin exports of musical instruments are projected to reach $152,410 by 2026, up from $118,230 in 2021. This represents an average annual growth rate of 4.2%, with a 41.2% increase since 2011. Montenegro was 79th in the 2021 ranking, just behind Cyprus at $118,230. Germany, the United States and Japan followed in 2nd, 3rd and 4th place. Similarly, Montenegrin imports of musical instruments are forecast to reach $676,400 by 2026, compared to $634,040 in 2021. This equates to an average yearly growth rate of 1.1%, with a 10.8% rise since 2011. Montenegro was 105th in the 2021 ranking, overtaken by Zambia at $634,040. Germany, China and Japan came in 2nd, 3rd and 4th respectively.
