Musical Boxes Price in India - 2023

Musical Boxes Price in India (FOB) - 2022

The average musical boxes export price stood at $7.2 per unit in 2022, with a decrease of -10.5% against the previous year. In general, the export price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by 230%. The export price peaked at $12 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($7.5 per unit), while the average price for exports to Kenya ($0.2 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 the United States (+2.1%), while the prices for the other major destinations experienced a decline.

Musical Boxes Price in India (CIF) - 2022

In 2022, the average musical boxes import price amounted to $3.9 per unit, with a decrease of -18.1% against the previous year. Overall, the import price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 244%. As a result, import price reached the peak level of $9 per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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 Hong Kong SAR ($15 per unit), while the price for China stood at $3.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+46.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Boxes Exports in India

In 2022, shipments abroad of musical boxeses decreased by -1.2% to 335K units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 52%. As a result, the exports reached the peak of 340K units, and then contracted modestly in the following year.

In value terms, musical boxes exports dropped to $2.4M in 2022. The total export value increased at an average annual rate of +6.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. As a result, the exports attained the peak of $2.7M, and then shrank in the following year.

Export of Musical Boxes in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	1.9	2.0	2.6	2.3	6.6%
Kenya	N/A	N/A	N/A	N/A	0%
Others	0.1	0.1	0.1	0.1	0.0%
Total	2.0	2.1	2.7	2.4	6.3%

Top Export Markets for Musical Boxes from India in 2022:

Germany (311.2K units)
Kenya (9.3K units)

Musical Boxes Imports in India

In 2022, approx. 189K units of musical boxeses were imported into India; with a decrease of -17.4% against 2021. Over the period under review, imports saw a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 53%. Over the period under review, imports hit record highs at 377K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, musical boxes imports dropped sharply to $738K in 2022. In general, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 182% against the previous year. Over the period under review, imports attained the peak figure at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.