Musical Boxes Price in Hungary - 2023
Contents:
- Musical Boxes Price in Hungary (CIF) - 2022
- Musical Boxes Price in Hungary (FOB) - 2022
- Musical Boxes Imports in Hungary
- Musical Boxes Exports in Hungary
Musical Boxes Price in Hungary (CIF) - 2022
In 2022, the average musical boxes import price amounted to $3.5 per unit, declining by -19.9% against the previous year. Overall, the import price recorded a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52% against the previous year. As a result, import price attained the peak level of $9.9 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($7.8 per unit), while the price for Hong Kong SAR ($2.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Boxes Price in Hungary (FOB) - 2022
The average musical boxes export price stood at $9.7 per unit in 2022, with an increase of 16% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 69%. The export price peaked at $14 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($18 per unit), while the average price for exports to Slovakia ($7.6 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 Germany (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Boxes Imports in Hungary
Musical boxes imports into Hungary soared to 32K units in 2022, rising by 36% on 2021 figures. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, musical boxes imports expanded sharply to $114K in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $124K in 2020; however, from 2021 to 2022, imports failed to regain momentum.
| Import of Musical Boxes in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 94.8 | 116 | 91.9 | 88.4 | -2.3% |
| Denmark | N/A | 3.4 | 2.0 | 5.7 | 29.5% |
| Netherlands | 0.1 | N/A | N/A | 4.0 | 242.0% |
| Hong Kong SAR | 3.8 | N/A | 0.1 | 1.2 | -31.9% |
| France | 4.1 | N/A | 1.1 | 0.6 | -47.3% |
| Others | 14.1 | 4.3 | 10.1 | 14.6 | 1.2% |
| Total | 117 | 124 | 105 | 114 | -0.9% |
Top Suppliers of Musical Boxes to Hungary in 2022:
- China (27.9K units)
- Denmark (1.2K units)
- Netherlands (0.7K units)
- Hong Kong SAR (0.5K units)
- France (0.2K units)
Musical Boxes Exports in Hungary
In 2022, shipments abroad of musical boxeses decreased by -7.5% to 878 units, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 80% against the previous year. As a result, the exports attained the peak of 1K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, musical boxes exports expanded rapidly to $8.5K in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 118% against the previous year. As a result, the exports attained the peak of $9.1K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Musical Boxes in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 3.3 | 9.0 | 4.4 | 4.9 | 14.1% |
| Germany | 0.4 | N/A | N/A | 1.8 | 65.1% |
| Romania | N/A | N/A | 0.9 | 0.8 | -11.1% |
| Slovakia | 0.3 | N/A | 0.2 | 0.5 | 18.6% |
| Bulgaria | N/A | N/A | 1.2 | N/A | 0% |
| Croatia | N/A | 0.1 | 0.7 | N/A | 600.0% |
| Italy | N/A | N/A | 0.5 | N/A | 0% |
| Others | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Total | 4.2 | 9.1 | 7.9 | 8.5 | 26.5% |
Top Export Markets for Musical Boxes from Hungary in 2022:
- Serbia (602.0 units)
- Romania (101.0 units)
- Germany (97.0 units)
- Slovakia (72.0 units)
- Croatia (1.0 units)
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