Argentina: Accordion Market 2024

Accordion Market Size in Argentina

The Argentinian accordion market plummeted to $X in 2021, waning by -55.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Accordion Exports

Exports from Argentina

In 2021, overseas shipments of accordions and mouth organs were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 63%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, accordion exports skyrocketed to $X in 2021. In general, exports, however, saw a drastic downturn. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X units), Uruguay (X units) and the United States (X units) were the main destinations of accordion exports from Argentina, together comprising 59% of total exports. Germany, France, Chile and Ecuador lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +34.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for accordion exported from Argentina were Paraguay ($X), the United States ($X) and Uruguay ($X), with a combined 53% share of total exports. Germany, France, Chile and Ecuador lagged somewhat behind, together accounting for a further 14%.

France, with a CAGR of +34.1%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average accordion export price stood at $X per unit in 2021, picking up by 49% against the previous year. Over the period under review, the export price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 59%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Accordion Imports

Imports into Argentina

In 2021, imports of accordions and mouth organs into Argentina dropped significantly to X units, waning by -69.8% compared with the year before. In general, imports showed a abrupt descent. The pace of growth appeared the most rapid in 2015 when imports increased by 90%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, accordion imports contracted remarkably to $X in 2021. Overall, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2015 with an increase of 23%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of accordion to Argentina, with a 79% share of total imports. Moreover, accordion imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), ninefold. The third position in this ranking was taken by Japan (X units), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-8.4% per year) and Japan (-5.3% per year).

In value terms, China ($X) constituted the largest supplier of accordions and mouth organs to Argentina, comprising 36% of total imports. The second position in the ranking was taken by Panama ($X), with a 10% share of total imports. It was followed by Indonesia, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-17.0% per year) and Indonesia (-9.6% per year).

Import Prices by Country

The average accordion import price stood at $X per unit in 2021, with an increase of 140% against the previous year. Overall, the import price recorded a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Panama ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+27.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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