The European export market for accordions and similar instruments, including mouth organs, showcases Germany as the dominant exporter, despite a slight decrease of 1.88% from the previous year. The Netherlands exhibits a significant growth of 15.85%, highlighting its expanding market presence. Belgium, however, saw a decline of 13.47%, indicating potential market challenges. Poland's performance stands out with a remarkable increase of 39.89%, while Greece and Portugal also showed substantial growth at 151.82% and 86.88%, respectively. On the contrary, Denmark and Slovakia experienced notable declines, emphasizing a need for strategic adjustments.
Future trends to watch include the increasing importance of Germany maintaining its leading position amidst emerging competitors like the Netherlands and Poland, and the potential for innovation and niche marketing strategies in smaller markets like Greece, Portugal, and Finland that demonstrated strong year-on-year growth. Additionally, technological advancements in instrument manufacturing and the growing demand for traditional musical instruments in global markets could further influence European export dynamics.
Top countries in Export of Accordions and Similar Instruments, Mouth Organs by Country
# | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 Germany | 624,530 | 2023 | -4.09% | -1.88% | View data |
2 | 2 Netherlands | 383,130 | 2023 | +5.89% | +15.85% | View data |
3 | 3 Belgium | 189,040 | 2023 | -0.79% | -13.47% | View data |
4 | 4 United Kingdom | 75,860 | 2023 | +2.4% | -2.5% | View data |
5 | 5 Spain | 65,390 | 2023 | +2.01% | -8.44% | View data |
6 | 6 Denmark | 24,350 | 2023 | +0.029% | -15% | View data |
7 | 7 Slovakia | 11,770 | 2023 | +1.47% | -13.82% | View data |
8 | 8 Sweden | 11,660 | 2023 | +8.31% | +12.24% | View data |
9 | 9 Croatia | 8,570 | 2023 | -1.37% | -5.87% | View data |
10 | 10 Poland | 8,400 | 2023 | +6.22% | +39.89% | View data |