Germany: Accordion Market 2024

Accordion Market Size in Germany

The German accordion market skyrocketed to $X in 2021, with an increase of 48% against the previous year. Overall, consumption continues to indicate a remarkable increase. Accordion consumption peaked in 2021 and is likely to continue growth in the immediate term.

Accordion Production in Germany

In value terms, accordion production surged to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Accordion Exports

Exports from Germany

After three years of growth, shipments abroad of accordions and mouth organs decreased by -38.4% to X units in 2021. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 with an increase of 8.2%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, accordion exports rose notably to $X in 2021. Over the period under review, exports continue to indicate a noticeable decrease. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Spain (X units) and France (X units) were the main destinations of accordion exports from Germany, with a combined 37% share of total exports. South Korea, Poland, the UK, Switzerland, the Czech Republic, Austria, Russia, the Netherlands, China and Norway lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +6.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Spain ($X) appeared to be the largest markets for accordion exported from Germany worldwide, together accounting for 34% of total exports. These countries were followed by Austria, China, Switzerland, the UK, Russia, South Korea, the Netherlands, the Czech Republic, Poland and Norway, which together accounted for a further 37%.

Among the main countries of destination, the Czech Republic, with a CAGR of +9.0%, saw the highest rates of growth with regard to 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 average accordion export price stood at $X per unit in 2021, increasing by 73% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to South Korea ($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 China (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Accordion Imports

Imports into Germany

For the third consecutive year, Germany recorded decline in supplies from abroad of accordions and mouth organs, which decreased by -7.1% to X units in 2021. In general, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2018 when imports increased by 25% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, accordion imports reached $X in 2021. Over the period under review, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2018 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of accordion to Germany, accounting for a 41% share of total imports. Moreover, accordion imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), threefold. Japan (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.6% per year) and Japan (-4.7% per year).

In value terms, Japan ($X), Indonesia ($X) and China ($X) were the largest accordion suppliers to Germany, with a combined 58% share of total imports. These countries were followed by France, Italy, Austria, the Netherlands, Switzerland, Taiwan (Chinese), Poland, the Czech Republic and India, which together accounted for a further 35%.

Poland, with a CAGR of +97.7%, saw the highest rates of growth with regard to 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, picking up by 8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 8.8% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in years to come.

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 Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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