Key Market Indicators
Imports of musical instruments into Canada are expected to reach $229 million by 2026, up 0.4% a year from 2021's $223 million. Since 1994, Canadian demand has grown by 2.4% annually. Canada was the seventh-largest importer in 2021, with the United Kingdom topping the list at $223 million. Germany, China and Japan followed in second, third and fourth places. Exports of musical instruments from Canada are predicted to hit $82 million by 2026, a 0.6% annual increase from 2021's $79 million. Canadian supply has grown by 1.2% year on year since 1994. In 2021, Canada was the thirteenth-largest exporter, with South Korea taking the lead at $79 million. Germany, the United States and Japan were in second, third and fourth spots respectively.