Germany dominates the European musical instrument export market with a 33.95% share, followed by the Netherlands at 19.12% and France at 10.24%. Notable increases in 2023 include Latvia (26.31%), Lithuania (24.95%), and Croatia (47.62%), signaling emerging markets. Spain showed the strongest growth among larger players, with an 11.23% increase. On the downside, France, Slovakia, and Luxembourg experienced slight declines.
Future trends to monitor include Germany's technological advancements sustaining its lead, while rapid growth in smaller markets like Croatia and Latvia could redefine market dynamics. Additionally, changing consumer preferences towards traditional instruments may influence France’s position.
Top countries in Musical Instruments Exports Share by Country (Thousand Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 33.95 | 2023 | -11.95% | +6.07% | View data |
| 2 | 2 Netherlands | 19.12 | 2023 | +3.91% | +8.99% | View data |
| 3 | 3 France | 10.24 | 2023 | +0.72% | -0.17% | View data |
| 4 | 4 United Kingdom | 6.34 | 2023 | +3.36% | +5.83% | View data |
| 5 | 5 Italy | 6.27 | 2023 | +1.3% | +2.5% | View data |
| 6 | 6 Belgium | 4.61 | 2023 | -12.23% | +1.51% | View data |
| 7 | 7 Sweden | 3.91 | 2023 | +6.26% | +9.37% | View data |
| 8 | 8 Czech Republic | 3.28 | 2023 | +6.18% | +7.86% | View data |
| 9 | 9 Spain | 2.51 | 2023 | +4.29% | +11.23% | View data |
| 10 | 10 Poland | 1.91 | 2023 | +3.62% | +7.84% | View data |
