The forecast for the import of accordions and similar instruments, including mouth organs, into the UK shows a significant downward trend from 2024 to 2028. In 2023, this figure was at a baseline, significantly higher than any projected future values. In 2024, imports are projected at 71.56 thousand items, dropping to 53.93 thousand items in 2025 and continuing this decline to just 3.13 thousand items by 2028. This represents a consistent year-on-year decline with a steep CAGR indicating a significant and steady decrease in demand or supply for these instruments in the UK market over the next five years.
Future trends to monitor include:
- The potential impact of cultural shifts or changes in musical education preferences in the UK.
- Developments in international trade policies, especially concerning key production countries.
- Technological advancements that could influence the popularity or production of these instruments.
- Evolving consumer preferences towards digital or alternative musical instruments.