Key Market Indicators
Revenue from Belgian musical instruments is expected to reach €17.14 million by 2026, compared to €15 million in 2021 – a 2.2% rise year on year. Since 2015, the Belgian market has seen a 3.6% annual rise. The country's musical instrument exports are expected to reach $117.16 million by 2026, up from $115.21 million in 2021, a 0.3% average yearly increase. Since 2004, Belgian supply has grown by 7.8% year on year. In 2021, Belgium was 11th in this ranking, with Italy overtaking at $115.21 million. Germany, the United States and Japan respectively were 2nd, 3rd and 4th. Belgian musical instrument imports are set to reach $132.21 million by 2026, up from $129.73 million in 2021 – a 0.3% yearly average growth rate. Since 2004, demand has jumped by 10.5% year on year. In 2021, the country ranked 14th, with Italy overtaking at $129.73 million. Germany, China and Japan respectively came in 2nd, 3rd and 4th in this ranking.
