Latin America and the Caribbean: Accordion Market 2024

Accordion Market Size in Latin America and the Caribbean

In 2023, the Latin American accordion market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption continues to indicate a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Accordion Production in Latin America and the Caribbean

In value terms, accordion production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; afterwards, it flattened through to 2023.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Accordion Exports

Exports in Latin America and the Caribbean

In 2023, the amount of accordions and mouth organs exported in Latin America and the Caribbean reduced sharply to X units, declining by X% compared with the previous year. In general, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, accordion exports dropped to $X in 2023. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Mexico (X units) and Chile (X units) were the key exporters of accordions and mouth organs in Latin America and the Caribbean, together creating X% of total exports. It was distantly followed by Peru (X units) and Brazil (X units), together committing a X% share of total exports. The Dominican Republic (X units), Ecuador (X units) and Bolivia (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) remains the largest accordion supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by the Dominican Republic, with a X% share.

In Peru, accordion exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2023, surging by X% against the previous year. In general, the export price recorded a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Accordion Imports

Imports in Latin America and the Caribbean

Accordion imports shrank remarkably to X units in 2023, waning by X% against 2022. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2022 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, accordion imports expanded rapidly to $X in 2023. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Brazil represented the key importing country with an import of about X units, which resulted at X% of total imports. Argentina (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (X%) and Chile (X%). Colombia (X units), Uruguay (X units) and Guatemala (X units) took a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for Guatemala (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest accordion importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Colombia ($X), together accounting for X% of total imports. Chile, Guatemala, Argentina and Uruguay lagged somewhat behind, together comprising a further X%.

Uruguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, jumping by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Guatemala ($X per unit), while Argentina ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform