SHANGHAI - China's musical instrument market reached over 40 billion yuan ($6.5 billion) in2012, surpassing the United States for the second year to become the largest musicalinstrument market in the world.
According to statistics released at the ongoing China (Shanghai) International MusicalInstrument Expo held in Shanghai, the sales volume of the Chinese musical instrument industryhas increased by three times in the past decade, surpassing the size of the US market for twoconsecutive years since 2011.
In 2012, China imported musical instruments worth more than 1.85 billion yuan, and domesticproduction and sales totaled 38.5 billion, according to statistics from the General Administrationof Customs.
"With growing economic strength and cultural consumption demands, a large musicalinstrument market is forming in the country now, including instrument production, sales,education and entertainment," said Zeng Zemin, secretary general of the China MusicalInstrument Association.
Zeng said China's musical instrument market size is expected to reach 100 billion yuan before2020.
China's musical instrument industry has developed rapidly in the past ten years. Most well-known international instrument brands have set up manufacturing plants or cooperated onmanufacturing in China. China has become a major production site for mid- and low-endmusical instruments.
Statistics released by CMIA showed that, in 2012, the total world output of pianos was 500,000,with China accounting for 80 percent. Of the two million Western orchestral instruments in theworld, 60 percent of them were made in China, and the country produced 80 percent of the 1.3million violins made worldwide in 2012.
"Musical instrument exports from China increased by 4.85 percent, and imports grew by 11.42percent in 2012, which means that China is not only a big musical instrument manufacturer, butalso a big consumer," Zeng said.