Report Update Nov 1, 2024

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

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Portugal: Accordion Market 2024

Accordion Market Size in Portugal

In 2021, after two years of decline, there was significant growth in the Portuguese accordion market, when its value increased by 239% to $X. Overall, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Accordion Exports

Exports from Portugal

Accordion exports from Portugal fell sharply to X units in 2021, waning by -47.8% against the previous year's figure. Overall, exports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 249%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, accordion exports contracted to $X in 2021. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 140%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X units), Spain (X units) and Cabo Verde (X units) were the main destinations of accordion exports from Portugal, with a combined 73% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cabo Verde (with a CAGR of +21.4%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) emerged as the key foreign market for accordions and mouth organs exports from Portugal, comprising 38% of total exports. The second position in the ranking was held by Spain ($X), with a 10% share of total exports. It was followed by France, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-3.0% per year) and France (-2.3% per year).

Export Prices by Country

In 2021, the average accordion export price amounted to $X per unit, picking up by 65% against the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. The pace of growth was the most pronounced in 2020 an increase of 91% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Cabo Verde ($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 France (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.

Accordion Imports

Imports into Portugal

In 2021, after two years of decline, there was significant growth in overseas purchases of accordions and mouth organs, when their volume increased by 219% to X units. Over the period under review, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, accordion imports soared to $X in 2021. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 222%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in years to come.

Imports by Country

Spain (X units), France (X units) and Germany (X units) were the main suppliers of accordion imports to Portugal, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +24.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), France ($X) and Germany ($X) constituted the largest accordion suppliers to Portugal, with a combined 88% share of total imports.

Among the main suppliers, Germany, with a CAGR of +29.3%, 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

The average accordion import price stood at $X per unit in 2021, reducing by -5.5% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, accordion import price increased by +88.6% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Spain ($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 (+9.8%), 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?

The country with the largest volume of accordion consumption was El Salvador, comprising approx. 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 constituted the country with the largest volume of accordion production, comprising approx. 53% of total volume. Moreover, accordion production in China exceeded the figures recorded by the second-largest producer, Indonesia, sixfold. The third position in this ranking was occupied by India, with a 6.6% share.

What are the leading suppliers of accordions and mouth organs to Portugal?

In value terms, Spain constituted the largest supplier of accordion to Portugal, comprising 58% of total imports. The second position in the ranking was occupied by France, with a 24% share of total imports. It was followed by Germany, with a 9% share.

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

In value terms, the U.S. remains the key foreign market for accordion exports from Portugal, comprising 1.5% of total exports. The second position in the ranking was occupied by Switzerland, with a 0.1% share of total exports. It was followed by Hong Kong SAR, with a 0.1% share.

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

In 2019, the average accordion export price amounted to $1,358 per unit, increasing by 96% against the previous year.

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

The average accordion import price stood at $88 per unit in 2019, waning by -54.5% against the previous year.

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

Portugal

Data coverage:

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