Key Market Indicators
Nepalese exports of musical instruments are expected to reach $3 million by 2026, up 3.3% annually since 2021 when it was $2.5 million. In 1999, exports saw an 8.1% year-on-year increase. South Africa took 46th place in 2021, overtaking Nepal's $2.5 million. Germany, the United States and Japan were the top three exporters in this ranking. Nepalese imports of musical instruments are also set to reach $2 million by 2026, with an average 3.1% annual growth since 2021 when it was $1.7 million. Since 1999, Nepalese demand has grown 1.7% year on year. In 2021, Bahrain overtook Nepal at $1.7 million. Germany, China and Japan made up the top three importers in this ranking.