Report Update Nov 1, 2024

Philippines - Accordions and Mouth Organs - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Accordion Market 2024

Accordion Market Size in the Philippines

In 2021, the Philippine accordion market decreased by -43.1% to $X, falling for the fourth year in a row after two years of growth. In general, consumption recorded a significant curtailment. Accordion consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Accordion Exports

Exports from the Philippines

In 2021, accordion exports from the Philippines fell significantly to X units, shrinking by -45.6% on the previous year's figure. In general, exports faced a abrupt slump. The growth pace was the most rapid in 2014 when exports increased by 6,650%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, accordion exports shrank remarkably to $X in 2021. Over the period under review, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2014 with an increase of 4,768% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for accordion exports from the Philippines, accounting for a 86% share of total exports. Moreover, accordion exports to the United States exceeded the volume sent to the second major destination, Australia (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-6.6% per year) and Italy (-32.0% per year).

In value terms, Hong Kong SAR ($X), Italy ($X) and Australia ($X) constituted the largest markets for accordion exported from the Philippines worldwide, with a combined 53% share of total exports. These countries were followed by Maldives and the United States, which together accounted for a further 16%.

Maldives, with a CAGR of +15.1%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average accordion export price amounted to $X per unit, surging by 24% against the previous year. In general, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by 24%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the United States ($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 Italy (+43.1%), while the prices for the other major destinations experienced mixed trend patterns.

Accordion Imports

Imports into the Philippines

In 2021, supplies from abroad of accordions and mouth organs decreased by -65% to X units, falling for the fourth consecutive year after two years of growth. In general, imports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2016 when imports increased by 137% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, accordion imports soared to $X in 2021. Overall, imports showed a dramatic decline. The pace of growth was the most pronounced in 2017 with an increase of 67%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X units), China (X units) and Singapore (X units) were the main suppliers of accordion imports to the Philippines, with a combined 87% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of -0.7%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Singapore ($X) and Germany ($X) were the largest accordion suppliers to the Philippines, with a combined 80% share of total imports. The United States, Thailand, Japan and Indonesia lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Indonesia, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average accordion import price amounted to $X per unit, picking up by 348% against the previous year. Overall, the import price posted significant growth. The growth pace was the most rapid in 2015 when the average import price increased by 490% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+73.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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. China ranked third in terms of total consumption 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 the Philippines?

In value terms, China constituted the largest supplier of accordion to the Philippines, comprising 88% of total imports. The second position in the ranking was occupied by Malaysia, with a 10% share of total imports.

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

The average accordion export price stood at $1.5 per unit in 2020, reducing by -99.3% against the previous year.

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

The average accordion import price stood at $25 per unit in 2020, increasing by 5.6% against the previous year.

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

Philippines

Data coverage:

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