Musical Boxes Price in the Philippines - 2023
Contents:
- Musical Boxes Price in the Philippines (CIF) - 2022
- Musical Boxes Price in the Philippines (FOB) - 2022
- Musical Boxes Imports in the Philippines
- Musical Boxes Exports in the Philippines
Musical Boxes Price in the Philippines (CIF) - 2022
The average musical boxes import price stood at $9.9 per unit in 2022, which is down by -8.9% against the previous year. Overall, the import price, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 141% against the previous year. The import price peaked at $11 per unit in 2021, and then dropped 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 Singapore ($22 per unit), while the price for Thailand ($4.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Boxes Price in the Philippines (FOB) - 2022
In 2022, the average musical boxes export price amounted to $14 per unit, growing by 12% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth was the most pronounced in 2020 an increase of 84% against the previous year. As a result, the export price attained the peak level of $15 per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($57 per unit), while the average price for exports to France ($5.9 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 (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Boxes Imports in the Philippines
In 2022, overseas purchases of musical boxeses increased by 6.4% to 3.3K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a sharp curtailment. Imports peaked at 49K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, musical boxes imports contracted slightly to $32K in 2022. In general, imports, however, continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 6.6% against the previous year. Imports peaked at $237K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Musical Boxes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 168 | 13.7 | 15.9 | 19.4 | -51.3% |
| Hong Kong SAR | 36.9 | 3.0 | 2.2 | 4.1 | -51.9% |
| Singapore | 9.1 | 3.1 | 1.1 | 1.5 | -45.2% |
| United States | 5.3 | 1.6 | 0.2 | 0.8 | -46.8% |
| Germany | 2.6 | 0.9 | 1.6 | 0.7 | -35.4% |
| Thailand | 1.6 | 0.5 | 0.5 | 0.2 | -50.0% |
| Others | 13.1 | 8.7 | 11.9 | 5.7 | -24.2% |
| Total | 237 | 31.4 | 33.5 | 32.4 | -48.5% |
Top Suppliers of Musical Boxes to the Philippines in 2022:
- China (2584.0 units)
- Hong Kong SAR (356.0 units)
- Singapore (65.0 units)
- United States (65.0 units)
- Germany (56.0 units)
- Thailand (48.0 units)
Musical Boxes Exports in the Philippines
After two years of decline, overseas shipments of musical boxeses increased by 12% to 983 units in 2022. In general, exports, however, saw a sharp reduction. Over the period under review, the exports reached the peak figure at 9.6K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, musical boxes exports soared to $14K in 2022. Overall, exports, however, recorded a precipitous contraction. Over the period under review, the exports hit record highs at $79K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Musical Boxes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 22.3 | 8.7 | 4.5 | 5.5 | -37.3% |
| Taiwan (Chinese) | 6.0 | 0.4 | 1.6 | 2.0 | -30.7% |
| United States | 7.1 | 2.4 | 0.3 | 1.8 | -36.7% |
| China | 5.8 | 1.0 | 1.1 | 1.6 | -34.9% |
| France | 3.5 | 2.3 | 1.1 | 1.3 | -28.1% |
| Norway | 0.9 | 0.7 | 0.4 | 0.6 | -12.6% |
| Canada | 0.1 | 0.3 | 0.3 | 0.3 | 44.2% |
| Hong Kong SAR | 31.8 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 0.7 | 1.6 | 0.7 | -11.2% |
| Total | 78.6 | 16.5 | 11.0 | 13.7 | -44.1% |
Top Export Markets for Musical Boxes from the Philippines in 2022:
- South Korea (413.0 units)
- France (218.0 units)
- Taiwan (Chinese) (142.0 units)
- China (72.0 units)
- Norway (60.0 units)
- United States (31.0 units)
- Canada (15.0 units)
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