Import of harpsichords and keyboard stringed instruments to Brazil has experienced significant fluctuations over the last decade. It peaked at 1,470 units in 2015 and saw a steep decline to 342 units by 2023. The most recent actual data indicate a -10.24% year-on-year drop from 2022 to 2023. Over the last five years, the import trend has a compound annual growth rate (CAGR) of -4.52%. Future forecasts predict a continuing decline with a 5-year forecasted CAGR of -13.85%, reaching 142.74 units by 2028.
Future trends to watch for:
- Impact of economic conditions and currency fluctuations on import volumes.
- Shifts in consumer preferences towards digital or electronic alternatives.
- Regulations or trade policies affecting instrument imports.
