The market is dominated by foreign suppliers, as imports account for 91.2% of total market size in 2022. B2B drives market demand, with B2B spending representing 52.2% of total demand in 2022. Spain has the seventh largest market size for musical instruments regionally, with demand reaching USD230 million in 2022. Manufacturas Alhambra SL is the largest company in Spain, generating 11.4% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 26.5% of total production value in 2022. The total number of companies increases in 2022, to 319 units. The costs of the industry decrease by 6.6% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 12.9% of production value in 2022, the 18th highest regionally. The industry’s exports share increases in 2022 to 79.0% of total production output. With production value of USD58.2 million, Spain accounts for 2.6% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Musical Instruments in Spain: 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 Spain: ISIC 3692 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Household Goods is an aggregation of Furniture, Jewellery and Related Articles, Musical Instruments; Imitation Jewellery, Brushes and Other Personal Items, Sports Goods, Toys and Games, Watches and Clocks.
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