In 2023, the import value of wind musical instruments, except brass, to India stood at 267.93 thousand. The forecasted data indicates a steady upward trend from 2024 to 2028, with values increasing annually. The year-on-year growth from 2024 to 2025 is approximately 3.82%, which continues similarly till 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is estimated at around 2.79%. This consistent increase reflects a growing demand and interest in non-brass wind musical instruments within the Indian market.
Future trends to watch for include potential shifts in import demand influenced by changes in cultural preferences, technological advancements in instrument manufacturing, and economic factors affecting disposable income and leisure activities. Additionally, any policy developments related to the import of musical instruments should be closely monitored as they can significantly impact market dynamics.
