Asia-Pacific: Accordion Market 2024

Accordion Market Size in Asia-Pacific

In 2023, the Asia-Pacific accordion market decreased by X% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Accordion Production in Asia-Pacific

In value terms, accordion production totaled $X in 2023 estimated in export price. The total production indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

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Accordion Exports

Exports in Asia-Pacific

In 2023, overseas shipments of accordions and mouth organs increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports, however, recorded a pronounced contraction. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, accordion exports expanded markedly to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

China prevails in exports structure, accounting for X units, which was near X% of total exports in 2023. It was distantly followed by Indonesia (X units), generating a X% share of total exports. Japan (X units) and Taiwan (Chinese) (X units) took a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of accordions and mouth organs. Japan (X%), Taiwan (Chinese) (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2023, with a decrease of X% against the previous year. Export price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, accordion export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Accordion Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of accordions and mouth organs increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, showed a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, accordion imports expanded slightly to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Malaysia (X units) and Japan (X units) represented the key importers of accordions and mouth organs in Asia-Pacific, together comprising X% of total imports. It was distantly followed by China (X units), Thailand (X units) and India (X units), together generating a X% share of total imports. South Korea (X units), Australia (X units) and Hong Kong SAR (X units) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest accordion importing markets in Asia-Pacific were Japan ($X), China ($X) and South Korea ($X), with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, 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

In 2023, the import price in Asia-Pacific amounted to $X per unit, reducing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2022 to 2023, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was South Korea ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform