New Zealand: Accordion Market 2024

Accordion Market Size in New Zealand

The New Zealand accordion market skyrocketed to $X in 2021, increasing by 17% 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). Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Accordion Exports

Exports from New Zealand

Accordion exports from New Zealand shrank to X units in 2021, which is down by -8.9% on the previous year's figure. In general, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 322% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, accordion exports surged to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 223% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia (X units), the United States (X units) and the UK (X units) were the main destinations of accordion exports from New Zealand, together accounting for 53% of total exports. The Netherlands, Tonga, Sweden, Canada and Fiji lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tonga (with a CAGR of +35.5%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the United States ($X) and the UK ($X) constituted the largest markets for accordion exported from New Zealand worldwide, with a combined 53% share of total exports. The Netherlands, Tonga, Sweden, Canada and Fiji lagged somewhat behind, together accounting for a further 29%.

Sweden, with a CAGR of +61.8%, saw the highest growth rate of 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, surging by 41% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 65%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Canada ($X per unit) and Sweden ($X per unit), while the average price for exports to Tonga ($X per unit) and Fiji ($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 the Netherlands (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Accordion Imports

Imports into New Zealand

In 2021, the amount of accordions and mouth organs imported into New Zealand rose remarkably to X units, picking up by 11% on the year before. Over the period under review, imports, however, recorded a mild descent. The pace of growth was the most pronounced in 2016 with an increase of 14%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, accordion imports soared to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +72.0% against 2015 indices. The pace of growth appeared the most rapid in 2016 with an increase of 17% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Japan (X units) were the main suppliers of accordion imports to New Zealand, together accounting for 51% of total imports. These countries were followed by France, Germany, the UK, Indonesia, Italy, South Korea, the United States and India, which together accounted for a further 45%.

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

In value terms, the largest accordion suppliers to New Zealand were Taiwan (Chinese) ($X), China ($X) and Japan ($X), together accounting for 52% of total imports. France, Germany, the UK, Indonesia, Italy, the United States, India and South Korea lagged somewhat behind, together accounting for a further 44%.

South Korea, with a CAGR of +26.4%, 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

In 2021, the average accordion import price amounted to $X per unit, with an increase of 5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2014 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

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 Italy ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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