Netherlands: Accordion Market 2024

Accordion Market Size in the Netherlands

In 2021, the Dutch accordion market was finally on the rise to reach $X after two years of decline. Overall, consumption enjoyed a resilient expansion. Accordion consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Accordion Production in the Netherlands

In value terms, accordion production fell remarkably to $X in 2021 estimated in export price. Overall, production, however, posted a mild expansion. The most prominent rate of growth was recorded in 2013 with an increase of 615% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Accordion Exports

Exports from the Netherlands

In 2021, the amount of accordions and mouth organs exported from the Netherlands fell to X units, reducing by -10.1% on the previous year's figure. In general, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2013 when exports increased by 563%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, accordion exports expanded markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for accordion exports from the Netherlands, with a 49% share of total exports. Moreover, accordion exports to Germany exceeded the volume sent to the second major destination, the UK (X units), fivefold. The third position in this ranking was taken by Belgium (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+14.9% per year) and Belgium (+17.8% per year).

In value terms, Germany ($X), Belgium ($X) and the UK ($X) were the largest markets for accordion exported from the Netherlands worldwide, together comprising 59% of total exports. These countries were followed by the United States, Japan, Spain, the Czech Republic, Colombia, Poland, France, Italy and Kazakhstan, which together accounted for a further 17%.

In terms of the main countries of destination, Spain, with a CAGR of +91.7%, 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

In 2021, the average accordion export price amounted to $X per unit, with an increase of 21% against the previous year. Overall, the export price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 1,456%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Kazakhstan ($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 the UK (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Accordion Imports

Imports into the Netherlands

In 2021, overseas purchases of accordions and mouth organs increased by 51% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 183%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, accordion imports reached $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 33%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of accordion to the Netherlands, accounting for a 62% share of total imports. Moreover, accordion imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by the United States (X units), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.0% per year) and the United States (+27.9% per year).

In value terms, the largest accordion suppliers to the Netherlands were China ($X), Germany ($X) and Taiwan (Chinese) ($X), with a combined 59% share of total imports. The United States, France, Japan, the UK and India lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, France, with a CAGR of +138.9%, 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

In 2021, the average accordion import price amounted to $X per unit, which is down by -26.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 24% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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