Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Cuba: Accordion Market 2024

Accordion Market Size in Cuba

The Cuban accordion market shrank markedly to $X in 2021, falling by -34.6% 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). Overall, consumption, however, recorded significant growth. Accordion consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Accordion Exports

Exports from Cuba

Accordion exports from Cuba contracted to X units in 2021, dropping by -6.8% compared with the previous year. Over the period under review, exports saw a abrupt slump. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, accordion exports contracted rapidly to $X in 2021. In general, exports continue to indicate a sharp downturn. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Costa Rica (X units) was the main destination for accordion exports from Cuba, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Costa Rica was relatively modest.

In value terms, Costa Rica ($X) emerged as the key foreign market for accordions and mouth organs exports from Cuba.

From 2015 to 2021, the average annual growth rate of value to Costa Rica was relatively modest.

Export Prices by Country

In 2021, the average accordion export price amounted to $X per unit, shrinking by -16.8% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2020 when the average export price decreased by -16.5%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

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

From 2015 to 2021, the rate of growth in terms of prices for Angola amounted to -14.6% per year.

Accordion Imports

Imports into Cuba

In 2021, imports of accordions and mouth organs into Cuba reduced notably to X units, which is down by -35.8% compared with the previous year's figure. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,390%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, accordion imports contracted significantly to $X in 2021. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 829%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest accordion supplier to Cuba, accounting for a 70% share of total imports. Moreover, accordion imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. Panama (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +38.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.9% per year) and Panama (+65.1% per year).

In value terms, Spain ($X), Panama ($X) and Italy ($X) appeared to be the largest accordion suppliers to Cuba, together comprising 91% of total imports.

Panama, with a CAGR of +125.1%, saw 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

The average accordion import price stood at $X per unit in 2021, increasing by 12% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Angola ($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 (+38.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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. China ranked third in terms of total consumption 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. The third position in this ranking was occupied by India, with a 6.6% share.

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

In value terms, the largest accordion suppliers to Cuba were Italy, Spain and Germany, with a combined 95% share of total imports.

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

The average accordion export price stood at $263 per unit in 2020, almost unchanged from the previous year.

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

In 2020, the average accordion import price amounted to $5.9 per unit, increasing by 59% against the previous year.

This report provides an in-depth analysis of the accordion market in Cuba. 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:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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