Musical Boxes Price in China - 2023
Contents:
- Musical Boxes Price in China (FOB) - 2023
- Musical Boxes Price in China (CIF) - 2022
- Musical Boxes Exports in China
- Musical Boxes Imports in China
Musical Boxes Price in China (FOB) - 2023
The average musical boxes export price stood at $5.5 per unit in June 2023, rising by 28% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 49% m-o-m. Over the period under review, the average export prices attained the peak figure at $6.9 per unit in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Malaysia ($10.2 per unit), while the average price for exports to Guinea ($850 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Boxes Price in China (CIF) - 2022
In 2022, the average musical boxes import price amounted to $20 per unit, picking up by 102% against the previous year. In general, the import price enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 299% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to +570.5% per year.
Musical Boxes Exports in China
Musical boxes exports from China contracted to 12M units in 2022, waning by -11.3% compared with the previous year's figure. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, the exports reached the peak figure at 15M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, musical boxes exports dropped to $56M in 2022. The total export value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, the exports attained the peak of $64M, and then reduced in the following year.
| Export of Musical Boxes in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 10.5 | 11.9 | 14.8 | 14.4 | 11.1% |
| United Kingdom | 6.0 | 8.0 | 10.5 | 10.2 | 19.3% |
| South Korea | 0.8 | 2.4 | 7.8 | 3.8 | 68.1% |
| France | 1.4 | 1.5 | 2.6 | 2.4 | 19.7% |
| Germany | 1.9 | 1.5 | 1.7 | 2.3 | 6.6% |
| Japan | 2.0 | 2.0 | 3.6 | 2.3 | 4.8% |
| Australia | 1.0 | 0.6 | 1.3 | 1.9 | 23.9% |
| Netherlands | 1.6 | 1.5 | 1.1 | 1.3 | -6.7% |
| Spain | 0.9 | 0.4 | 0.9 | 0.9 | 0.0% |
| Brazil | 0.6 | 0.9 | 1.0 | 0.7 | 5.3% |
| India | 1.3 | 0.4 | 1.1 | 0.6 | -22.7% |
| Vietnam | 0.4 | 0.6 | 0.3 | 0.6 | 14.5% |
| Indonesia | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 19.3 | 15.9 | 16.9 | 14.1 | -9.9% |
| Total | 48.0 | 47.6 | 63.8 | 55.7 | 5.1% |
Top Export Markets for Musical Boxes from China in 2022:
- United States (2708.7K units)
- United Kingdom (1669.6K units)
- Germany (776.8K units)
- France (611.7K units)
- South Korea (557.9K units)
- Netherlands (487.2K units)
- Indonesia (406.7K units)
- Brazil (353.2K units)
- India (352.5K units)
- Vietnam (310.7K units)
- Australia (303.2K units)
- Japan (277.6K units)
- Spain (226.2K units)
Musical Boxes Imports in China
In 2022, imports of musical boxeses into China shrank sharply to 46K units, with a decrease of -66.6% compared with the previous year. Overall, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 381% against the previous year. As a result, imports reached the peak of 137K units, and then dropped markedly in the following year.
In value terms, musical boxes imports shrank remarkably to $913K in 2022. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 184% against the previous year. As a result, imports reached the peak of $1.4M, and then reduced rapidly in the following year.
| Import of Musical Boxes in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 75.5 | 142 | 2.0 | 913 | 129.5% |
| Bulgaria | N/A | 12.9 | 24.7 | N/A | 91.5% |
| Hong Kong SAR | 74.7 | 36.5 | 22.6 | N/A | -45.0% |
| Japan | 61.6 | 31.5 | 74.2 | N/A | 9.8% |
| Spain | 15.6 | N/A | 33.0 | N/A | 45.4% |
| Germany | 341 | 151 | 4.5 | N/A | -88.5% |
| United Kingdom | 21.8 | 8.6 | 32.9 | N/A | 22.8% |
| France | 52.7 | 51.4 | 527 | N/A | 216.2% |
| Others | 41.5 | 41.3 | 629 | N/A | 289.3% |
| Total | 684 | 475 | 1,350 | 913 | 10.1% |
Top Suppliers of Musical Boxes to China in 2022:
- Switzerland (45.8K units)
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