In 2023, the import of brass-wind instruments to Japan was valued at approximately 20.78 million US dollars. The forecast for 2024 to 2028 shows a steady increase, with values rising from 20.858 to 21.16 million US dollars. This reflects an annual growth rate, with a year-on-year increase ranging from 0.37% in 2024 to approximately 0.35% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is modest, indicating stable demand and import trends.
Future trends to watch for include:
- Technological advancements in instrument manufacturing that could influence import volumes and values.
- Changes in consumer preferences towards digital or alternative music instruments.
- Evolving trade policies and economic conditions that may impact import dynamics.