Go into any chain music store - -what do you see? Dozens upon dozens of guitars from $100 to $5,000 and up. All unsold. Some from years ago. Used guitars by the truck load on craigslist, Reverb etc.
This is not to start any political stuff.
With whats going on in the world and with China now saying they might place some American companies on "Unreliable Entities List", do you think America and China are about to go into a trade war that will affect even music equipment made in China?
I checked on several online sites and seems some of the Epiphones and other brands that are made in China are still not in stock and still showing coming.
First masks and now guitars.
When I found out that D'Addario was shut down, and that guitar players were on "stay at home" orders, I bought strings.No but I’ve seen amps and other new stuff dry up due to lack of production. I think it’s mostly want type stuff so if it’s gone for a year and then comes back, no one but the stores selling will really notice.
@RC Mike has the correct answer supported by actual data.And yet there’s still a market, and companies keep finding buyers.