Key Market Indicators
Revenue from musical instruments in Luxembourg remained unchanged in 2021 at €0.4 million, a 33.9% decrease from 2017. By 2026, the Luxembougur market is expected to reach €0.6 million, a decrease of 6.7% year on year on average. Luxembourg's musical instrument import is predicted to reach $6,255,300 by 2026, up 0.6% year on year on average since 2004. The country was ranked 59th in 2021, with Tunisia ahead at $6,031,500. Germany, China and Japan were ranked 2nd, 3rd and 4th respectively. Luxembourg's musical instrument export is expected to reach $206,120 by 2026, a 0.8% rise year on year, since 2004. The country was ranked 73rd in 2021, with Ivory Coast ahead at $196,170. Germany, the United States and Japan were ranked second, third and fourth respectively.
