United Arab Emirates: Accordion Market 2024

Accordion Market Size in the United Arab Emirates

The accordion market in the United Arab Emirates soared to $X in 2021, growing by 572% 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). In general, consumption saw strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Accordion Exports

Exports from the United Arab Emirates

In 2021, approx. X units of accordions and mouth organs were exported from the United Arab Emirates; shrinking by -74.2% compared with the previous year. Over the period under review, exports faced a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 308% 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 shrank significantly to $X in 2021. Overall, exports recorded a mild descent. The most prominent rate of growth was recorded in 2020 when exports increased by 534%. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Oman (X units) was the main destination for accordion exports from the United Arab Emirates, with a 42% share of total exports. Moreover, accordion exports to Oman exceeded the volume sent to the second major destination, Uzbekistan (X units), twofold. Zimbabwe (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Oman stood at -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-12.2% per year) and Zimbabwe (+35.0% per year).

In value terms, Oman ($X) remains the key foreign market for accordions and mouth organs exports from the United Arab Emirates, comprising 57% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 22% share of total exports. It was followed by Georgia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+88.4% per year) and Georgia (+42.7% per year).

Export Prices by Country

The average accordion export price stood at $X per unit in 2021, surging by 97% against the previous year. In general, the export price continues to indicate a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Zimbabwe ($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 Uzbekistan (+114.5%), while the prices for the other major destinations experienced more modest paces of growth.

Accordion Imports

Imports into the United Arab Emirates

In 2021, approx. X units of accordions and mouth organs were imported into the United Arab Emirates; surging by 12% on 2020 figures. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 86% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, accordion imports rose slightly to $X in 2021. Over the period under review, imports, however, saw a perceptible slump. The growth pace was the most rapid in 2014 when imports increased by 25%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest accordion supplier to the United Arab Emirates, with a 34% share of total imports. Moreover, accordion imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. Japan (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.9% per year) and Japan (+9.4% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) constituted the largest accordion suppliers to the United Arab Emirates, together comprising 61% of total imports. France, Taiwan (Chinese), Malaysia, the UK, Indonesia and Mozambique lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +17.1%, 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 more modest paces of growth.

Import Prices by Country

The average accordion import price stood at $X per unit in 2021, reducing by -9.1% 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 2014 an increase of 158%. As a result, import price attained the peak level of $X per unit. From 2015 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 Malaysia ($X per unit), while the price for Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+335.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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