Key Market Indicators
Bolivian musical instrument exports are expected to decrease from $68,280 in 2021 to around $49,000 by 2026, a drop of 5.6% each year on average. Since 1997, exports have declined by 6.3% annually. Bolivia was 84th in the world in 2021, overtaken by Ecuador at $68,280. Germany, the US and Japan respectively ranked second, third and fourth. Bolivian musical instrument imports, however, are set to rise from $3,773,100 in 2021 to approximately $4,307,200 by 2026, an increase of 2.2% each year on average. Since 1997, imports have grown by 3.2% each year. In 2021, Bolivia was 68th in the world, overtaken by Serbia at $3,773,100. Germany, China and Japan were respectively second, third and fourth.
