Australia: Accordion Market 2024

Accordion Market Size in Australia

The Australian accordion market soared to $X in 2021, picking up by 32% 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, however, continues to indicate a slight reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Accordion Exports

Exports from Australia

In 2021, shipments abroad of accordions and mouth organs was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 204%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, accordion exports skyrocketed to $X in 2021. Overall, exports showed temperate growth. The most prominent rate of growth was recorded in 2013 when exports increased by 182%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units), the United States (X units) and Italy (X units) were the main destinations of accordion exports from Australia, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +50.6%), while the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), the United States ($X) and Italy ($X) were the largest markets for accordion exported from Australia worldwide, with a combined 76% share of total exports.

Italy, with a CAGR of +38.2%, 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, surging by 7.6% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 366% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Japan ($X per unit) and Germany ($X per unit), while the average price for exports to New Zealand ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+29.9%), while the prices for the other major destinations experienced more modest paces of growth.

Accordion Imports

Imports into Australia

In 2021, purchases abroad of accordions and mouth organs increased by 5.8% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a deep setback. The growth pace was the most rapid in 2017 with an increase of 16%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, accordion imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Indonesia (X units) and Japan (X units) were the main suppliers of accordion imports to Australia, with a combined 63% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +9.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Indonesia ($X) and Japan ($X) appeared to be the largest accordion suppliers to Australia, together accounting for 60% of total imports. These countries were followed by the United States, France, Taiwan (Chinese) and Germany, which together accounted for a further 29%.

Taiwan (Chinese), with a CAGR of +7.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average accordion import price amounted to $X per unit, with an increase of 34% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 55%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from France ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+28.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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