China: Accordion Market 2024

Accordion Market Size in China

In 2022, after two years of growth, there was significant decline in the Chinese accordion market, when its value decreased by X% to $X. In general, consumption, however, saw a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then fell sharply in the following year.

Accordion Production in China

In value terms, accordion production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

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Accordion Exports

Exports from China

In 2022, overseas shipments of accordions and mouth organs increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a noticeable decrease. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, accordion exports surged to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for accordion exports from China, accounting for a X% share of total exports. Moreover, accordion exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. Japan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for accordions and mouth organs exports from China, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the average accordion export price amounted to $X per unit, surging by X% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, accordion export price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Accordion Imports

Imports into China

In 2022, accordion imports into China skyrocketed to X units, surging by X% against 2021. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, accordion imports stood at $X in 2022. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Indonesia (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of accordion imports to China, with a combined X% share of total imports. Germany, the UK and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of accordions and mouth organs to China, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average accordion import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price saw a deep setback. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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