The import of string musical instruments played with a bow to the UK is forecasted to decline steadily over the next five years, reaching 89.39 thousand by 2028 from 98.82 thousand in 2024. In 2023, the import value stood at a slightly higher level than 98.82 thousand, indicating a downward trend. Year-over-year, the declines are approximately 2.5% to 3% annually. This consistent reduction results in a negative compound annual growth rate over the five-year forecast period.
Future trends to watch include potential shifts in consumer preferences towards local craftsmanship, trade policy changes post-Brexit impacting import tariffs, or the impact of digital platforms on demand for traditional instruments. Economic factors, such as disposable income levels and cultural events, could also influence future imports.
