Southern Asia: Accordion Market 2024

Accordion Market Size in Southern Asia

After two years of decline, the South Asian accordion market increased by X% to $X in 2023. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2023 and is likely to continue growth in the immediate term.

Accordion Production in Southern Asia

In value terms, accordion production amounted to $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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Accordion Exports

Exports in Southern Asia

In 2023, shipments abroad of accordions and mouth organs decreased by X% to X units, falling for the second consecutive year after five years of growth. Total exports indicated moderate growth from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, accordion exports reduced to $X in 2023. Total exports indicated a moderate increase 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

India was the largest exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by Pakistan (X units), constituting a X% share of total exports.

India was also the fastest-growing in terms of the accordions and mouth organs exports, with a CAGR of X% from 2012 to 2023. Pakistan experienced a relatively flat trend pattern. India (X p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest accordion supplying countries in Southern Asia were India ($X) and Pakistan ($X).

Among the main exporting countries, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Pakistan ($X per unit), while India amounted to $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%).

Accordion Imports

Imports in Southern Asia

In 2023, purchases abroad of accordions and mouth organs decreased by X% to X units, falling for the second consecutive year after seven years of growth. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, accordion imports reduced to $X in 2023. Total imports indicated a measured expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X units) represented roughly X% of total imports in 2023.

India was also the fastest-growing in terms of the accordions and mouth organs imports, with a CAGR of X% from 2012 to 2023. India (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported accordions and mouth organs in Southern Asia.

In India, accordion imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a pronounced contraction. The pace of growth was the most pronounced in 2022 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Source: IndexBox Platform