In 2023, the import value of musical instruments to the Netherlands stood at 363 million Euros. From 2024 onwards, forecast data show a steady increase: 371.17 million Euros in 2024, 379.33 million Euros in 2025, 387.41 million Euros in 2026, 395.41 million Euros in 2027, and 403.33 million Euros in 2028. The year-on-year growth rate has been consistent, marking approximately a 2.2% increase annually. Over a five-year period, the CAGR (Compound Annual Growth Rate) is also around 2.2%, indicating stable demand growth for musical instruments.
Future trends to watch for include the impact of technological advancements on musical instrument preferences, the influence of global market trends on imports, and potential shifts in consumer behavior towards digital and electronic instruments. Observing these trends will be crucial for stakeholders to adapt and capture growth opportunities effectively.
