Africa: Accordion Market 2024

Accordion Market Size in Africa

The African accordion market dropped to $X in 2023, which is down by X% against the previous year. In general, consumption saw a pronounced setback. As a result, consumption reached the peak level of $X. From 2017 to 2023, the growth of the market remained at a somewhat lower figure.

Accordion Production in Africa

In value terms, accordion production amounted to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Accordion Exports

Exports in Africa

In 2023, shipments abroad of accordions and mouth organs increased by X% to X units, rising for the second consecutive year after five years of decline. Overall, exports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, accordion exports reduced sharply to $X in 2023. Over the period under review, exports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

Exports by Country

Tanzania (X units) and South Africa (X units) dominates exports structure, together constituting X% of total exports. The following exporters - Tunisia (X units) and Madagascar (X units) - each reached a X% share of total exports.

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

In value terms, the largest accordion supplying countries in Africa were South Africa ($X), Tanzania ($X) and Tunisia ($X), with a combined X% share of total exports.

Tanzania, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the export price saw a pronounced setback. The growth pace was the most rapid in 2017 an increase of 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.

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 Tunisia ($X per unit), while Madagascar ($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 Africa (X%), while the other leaders experienced a decline in the export price figures.

Accordion Imports

Imports in Africa

In 2023, imports of accordions and mouth organs in Africa fell markedly to X units, declining by X% on the year before. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2022 with an increase of X%. The volume of import peaked at X units in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, accordion imports totaled $X in 2023. Over the period under review, imports saw a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa was the largest importing country with an import of about X units, which finished at X% of total imports. Ghana (X units) took the second position in the ranking, followed by Mauritius (X units), Botswana (X units), Tanzania (X units) and Morocco (X units). All these countries together took approx. X% share of total imports. Madagascar (X units) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Tanzania (X%), Madagascar (X%), Ghana (X%) and Botswana (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2023. Mauritius experienced a relatively flat trend pattern. By contrast, Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Ghana, Tanzania, Botswana, Mauritius, Madagascar and Morocco increased by X, X, X, X, X and X percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported accordions and mouth organs in Africa, comprising X% of total imports. The second position in the ranking was held by Morocco ($X), with an X% share of total imports. It was followed by Botswana, with a X% share.

In South Africa, accordion imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Botswana (X% per year).

Import Prices by Country

In 2023, the import price in Africa amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price enjoyed a modest increase. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Ghana ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform