EU: Accordion Market 2024

Accordion Market Size in the EU

The EU accordion market expanded to $X in 2021, picking up by 3.4% against the previous year. In general, consumption showed a strong expansion. The level of consumption peaked in 2021 and is likely to continue growth in the immediate term.

Accordion Production in the EU

In value terms, accordion production shrank dramatically to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Accordion Exports

Exports in the EU

In 2021, exports of accordions and mouth organs in the European Union contracted to X units, waning by -9.9% against the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 43% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, accordion exports rose notably to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) and the Netherlands (X units) represented the largest exporters of accordions and mouth organs in 2021, accounting for approx. 28% and 27% of total exports, respectively. France (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Italy (11%), Spain (6.2%) and Belgium (5.4%). Austria (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +13.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 85% share of total exports. Austria, the Netherlands, Spain and Belgium lagged somewhat behind, together accounting for a further 10%.

Among the main exporting countries, the Netherlands, with a CAGR of +7.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, increasing by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.4%), while the other leaders experienced more modest paces of growth.

Accordion Imports

Imports in the EU

After two years of decline, overseas purchases of accordions and mouth organs increased by 6.7% to X units in 2021. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 25% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, accordion imports expanded remarkably to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 7.6% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of accordion imports in 2021 were the Netherlands (X units), Germany (X units), Portugal (X units), France (X units), Italy (X units), Spain (X units) and Belgium (X units), together reaching 87% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +22.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Portugal ($X) constituted the countries with the highest levels of imports in 2021, with a combined 60% share of total imports.

Portugal, with a CAGR of +17.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per unit, leveling off at the previous year. Over the period under review, the import price, however, showed a slight downturn. The pace of growth was the most pronounced in 2016 when the import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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