Report Update Nov 1, 2024

Bulgaria - Accordions and Mouth Organs - Market Analysis, Forecast, Size, Trends and Insights

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Bulgaria: Accordion Market 2024

Accordion Market Size in Bulgaria

After two years of growth, the Bulgarian accordion market decreased by -39.2% to $X in 2021. Overall, consumption saw a drastic downturn. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Accordion Exports

Exports from Bulgaria

Accordion exports from Bulgaria dropped remarkably to X units in 2021, reducing by -78.7% compared with the year before. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2017 when exports increased by 3,775% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then reduced sharply in the following year.

In value terms, accordion exports dropped significantly to $X in 2021. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 2,010% against the previous year. The exports peaked at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Greece (X units) was the main destination for accordion exports from Bulgaria, with a 64% share of total exports. Moreover, accordion exports to Greece exceeded the volume sent to the second major destination, Germany (X units), fourfold. Romania (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-8.9% per year) and Romania (+7.7% per year).

In value terms, the largest markets for accordion exported from Bulgaria were Germany ($X), Greece ($X) and Chile ($X), with a combined 93% share of total exports. Romania and Slovenia lagged somewhat behind, together comprising a further 6.5%.

Slovenia, with a CAGR of +171.0%, recorded the highest rates of growth with regard to the value of exports, among 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, waning by -21.5% against the previous year. Overall, the export price, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 153% against the previous year. The export price peaked at $X per unit in 2020, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Slovenia ($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 Germany (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Accordion Imports

Imports into Bulgaria

In 2021, after two years of growth, there was significant decline in overseas purchases of accordions and mouth organs, when their volume decreased by -44.7% to X units. Overall, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 203% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, accordion imports shrank markedly to $X in 2021. Over the period under review, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 219% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced rapidly in the following year.

Imports by Country

Japan (X units), Germany (X units) and the UK (X units) were the main suppliers of accordion imports to Bulgaria, together comprising 68% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +66.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest accordion suppliers to Bulgaria were Japan ($X), Germany ($X) and the UK ($X), together comprising 72% of total imports.

Among the main suppliers, the UK, with a CAGR of +61.6%, recorded the highest growth rate of the value of imports, 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 -22% against the previous year. In general, the import price, however, posted measured growth. The growth pace was the most rapid in 2020 an increase of 82%. As a result, import price reached the peak level of $X per unit, and then fell dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+33.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for accordions and mouth organs in the world?

The country with the largest volume of accordion consumption was El Salvador, comprising approx. 28% of total volume. Moreover, accordion consumption in El Salvador exceeded the figures recorded by the second-largest consumer, the U.S., twofold. The third position in this ranking was occupied by China, with a 11% share.

What are the largest producers of accordions and mouth organs in the world?

The country with the largest volume of accordion production was China, comprising approx. 53% of total volume. Moreover, accordion production in China exceeded the figures recorded by the second-largest producer, Indonesia, sixfold. India ranked third in terms of total production with a 6.6% share.

What are the leading suppliers of accordions and mouth organs to Bulgaria?

In value terms, Germany, Japan and Italy were the largest accordion suppliers to Bulgaria, with a combined 92% share of total imports.

What are the leading importers of accordions and mouth organs from Bulgaria?

In value terms, Hungary emerged as the key foreign market for accordion exports from Bulgaria, comprising 98% of total exports. The second position in the ranking was occupied by Romania, with a 1.5% share of total exports.

What is the average export price for accordions and mouth organs in Bulgaria?

The average accordion export price stood at $39 per unit in 2020, reducing by -52.6% against the previous year.

What is the average import price for accordions and mouth organs in Bulgaria?

The average accordion import price stood at $14 per unit in 2020, declining by -10.9% against the previous year.

This report provides an in-depth analysis of the accordion market in Bulgaria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32201340 - Accordions and similar instruments, mouth organs

Country coverage:

Bulgaria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bulgaria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023