The market is dominated by foreign suppliers, as imports account for 54.8% of total market size in 2023. Households drive market demand, with household spending representing 99.9% of total demand in 2023. Italy has the fifth largest market size for musical instruments regionally, with demand reaching USD378 million in 2023. Algam Eko Srl is the largest company in Italy, generating 14.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 29.8% of total production value in 2023. The total number of companies decreases in 2023, to 2,512 units. The costs of the industry decrease by 0.8% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 22.3% of production value in 2023, the seventh highest regionally. The industry’s exports share increases in 2023 to 49.3% of total production output. With production value of USD264 million, Italy accounts for % of the Western Europe total in 2023.
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This Euromonitor industrial report provides unique information on Musical Instruments in Italy: 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 Italy: 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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