Musical Boxes Price in Hong Kong SAR - 2023

Contents:

1. Musical Boxes Price in Hong Kong SAR (FOB) - 2022
2. Musical Boxes Price in Hong Kong SAR (CIF) - 2022
3. Musical Boxes Exports in Hong Kong SAR
4. Musical Boxes Imports in Hong Kong SAR

Musical Boxes Price in Hong Kong SAR (FOB) - 2022

In 2022, the average musical boxes export price amounted to $5.6 per unit, waning by -11.1% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, musical boxes export price increased by +61.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 36% against the previous year. The export price peaked at $6.3 per unit in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($15 per unit), while the average price for exports to the UK ($2.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Musical Boxes Price in Hong Kong SAR (CIF) - 2022

The average musical boxes import price stood at $7.9 per unit in 2022, dropping by -11.9% against the previous year. Over the period under review, the import price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2020 an increase of 179% against the previous year. The import price peaked at $9 per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($54 per unit), while the price for China ($4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Boxes Exports in Hong Kong SAR

In 2022, approx. 196K units of musical boxeses were exported from Hong Kong SAR; growing by 2.7% against the previous year's figure. Overall, exports, however, continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 4.4% against the previous year. Over the period under review, the exports reached the peak figure at 306K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, musical boxes exports contracted to $1.1M in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21%. The exports peaked at $1.8M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Musical Boxes from Hong Kong SAR in 2022:

1. United States (57.0K units)
2. Japan (35.9K units)
3. Italy (29.6K units)
4. United Kingdom (28.4K units)
5. France (12.1K units)
6. Taiwan (Chinese) (11.6K units)
7. Germany (6.9K units)

Musical Boxes Imports in Hong Kong SAR

In 2022, purchases abroad of musical boxeses was finally on the rise to reach 65K units after two years of decline. Over the period under review, imports, however, showed a precipitous setback. Over the period under review, imports hit record highs at 678K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, musical boxes imports amounted to $516K in 2022. In general, imports, however, recorded a precipitous shrinkage. Imports peaked at $2.1M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Musical Boxes to Hong Kong SAR in 2022:

1. China (59.1K units)
2. United States (2.3K units)
3. Japan (1.4K units)

Source: IndexBox Market Intelligence Platform