The market is dominated by foreign suppliers, as imports account for 52.6% of total market size in 2021. Households drive market demand, with household spending representing 52.1% of total demand in 2021. Indonesia has the ninth largest market size for musical instruments regionally, with demand reaching USD98.6 million in 2021. Yamaha Corp is the largest company in Indonesia, generating 56.6% of the industry’s total production value in 2021. The industry is concentrated, with the top four companies generating 62.1% of total production value in 2021. The total number of companies increases in 2021, to 744 units. The costs of the industry increase by 10.6% in 2021, largely driven by rising B2B costs. The industry’s profitability increases and stands at 9.1% of production value in 2021, the 11th highest regionally. The industry’s exports share increases in 2021 to 89.5% of total production output. With production value of USD428 million, Indonesia accounts for 3.1% of the Asia Pacific total in 2021.
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This Euromonitor industrial report provides unique information on Musical Instruments in Indonesia: ISIC 3692. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Musical Instruments in Indonesia: ISIC 3692 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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