Report Update Nov 1, 2024

Malaysia - 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

Malaysia: Accordion Market 2024

Accordion Market Size in Malaysia

In 2021, after two years of decline, there was growth in the Malaysian accordion market, when its value increased by 4.3% to $X. Overall, consumption, however, saw a deep slump. 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 Malaysia

Accordion exports from Malaysia shrank to X units in 2021, reducing by -14.8% on the previous year. In general, exports recorded a dramatic decline. The pace of growth was the most pronounced in 2014 when exports increased by 110% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, accordion exports fell sharply to $X in 2021. Over the period under review, exports continue to indicate a precipitous contraction. The growth pace was the most rapid in 2014 when exports increased by 112%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X units), Mexico (X units) and Belgium (X units) were the main destinations of accordion exports from Malaysia, together comprising 40% of total exports. These countries were followed by Australia, Singapore, Panama, Russia, Hong Kong SAR, South Korea, Canada, Thailand, Brazil and Vietnam, which together accounted for a further 54%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +38.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for accordion exported from Malaysia were Taiwan (Chinese) ($X), Mexico ($X) and Belgium ($X), with a combined 40% share of total exports. These countries were followed by Australia, Singapore, Panama, Russia, Hong Kong SAR, South Korea, Canada, Thailand, Brazil and Vietnam, which together accounted for a further 54%.

Canada, with a CAGR of +37.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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, shrinking by -25.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 25% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Canada ($X per unit) and Vietnam ($X per unit), while the average price for exports to Panama ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (-0.2%), while the prices for the other major destinations experienced a decline.

Accordion Imports

Imports into Malaysia

In 2021, purchases abroad of accordions and mouth organs decreased by -0.2% to X units, falling for the third year in a row after two years of growth. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 26% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, accordion imports rose notably to $X in 2021. In general, imports faced a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 16% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X units) constituted the largest accordion supplier to Malaysia, accounting for a 80% share of total imports. Moreover, accordion imports from Indonesia exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia stood at -6.2%.

In value terms, the largest accordion suppliers to Malaysia were Indonesia ($X) and China ($X).

China, with a CAGR of -12.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average accordion import price amounted to $X per unit, picking up by 14% against the previous year. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 17% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-11.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

El Salvador constituted the country with the largest volume of accordion consumption, accounting for 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?

China remains the largest accordion producing country worldwide, accounting for 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 Malaysia?

In value terms, Indonesia constituted the largest supplier of accordion to Malaysia, comprising 68% of total imports. The second position in the ranking was occupied by China, with a 21% share of total imports.

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

In value terms, the largest markets for accordion exported from Malaysia were Taiwan Chinese), Panama and Russia, with a combined 66% share of total exports.

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

The average accordion export price stood at $79 per unit in 2020, jumping by 75% against the previous year.

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

The average accordion import price stood at $1.9 per unit in 2020, falling by -10.2% against the previous year.

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

Malaysia

Data coverage:

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