Belarus: Accordion Market 2025

Accordion Market Size in Belarus

In 2021, the Belarusian accordion market decreased by -36.1% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Accordion Exports

Exports from Belarus

For the third year in a row, Belarus recorded growth in shipments abroad of accordions and mouth organs, which increased by 210% to X units in 2021. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 1,176%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, accordion exports skyrocketed to $X in 2021. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 877% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Russia (X units) was the main destination for accordion exports from Belarus, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +35.4%.

In value terms, Russia ($X) also remains the key foreign market for accordions and mouth organs exports from Belarus.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +7.9%.

Export Prices by Country

In 2021, the average accordion export price amounted to $X per unit, falling by -27.6% against the previous year. Over the period under review, the export price faced a abrupt decrease. The growth pace was the most rapid in 2019 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -20.3% per year.

Accordion Imports

Imports into Belarus

In 2021, approx. X units of accordions and mouth organs were imported into Belarus; jumping by 23% on the previous year. In general, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by 190%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, accordion imports contracted significantly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 204%. As a result, imports reached the peak of $X. From 2014 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 Belarus, with a 74% share of total imports. Moreover, accordion imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold. Germany (X units) ranked third in terms of total imports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.4% per year) and Germany (-3.9% per year).

In value terms, Germany ($X), Russia ($X) and China ($X) were the largest accordion suppliers to Belarus, with a combined 85% share of total imports.

Germany, with a CAGR of +8.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average accordion import price stood at $X per unit in 2021, falling by -43.7% against the previous year. Overall, the import price continues to indicate a deep downturn. The growth pace was the most rapid in 2019 when the average import price increased by 62% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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