Musical Boxes Price in Turkey - 2023

Musical Boxes Price in Turkey (CIF) - 2022

In 2022, the average musical boxes import price amounted to $7.7 per unit, reducing by -35.4% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 an increase of 48% against the previous year. As a result, import price reached the peak level of $12 per unit, and then shrank rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($8.5 per unit), while the price for China totaled $7.4 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%).

Musical Boxes Price in Turkey (FOB) - 2022

In 2022, the average musical boxes export price amounted to $6.4 per unit, increasing by 4.7% against the previous year. In general, the export price saw a buoyant expansion. The growth pace was the most rapid in 2019 an increase of 245%. As a result, the export price reached the peak level of $9.6 per unit. From 2020 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($8.8 per unit), while the average price for exports to Iraq ($1.8 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 Georgia (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Musical Boxes Imports in Turkey

In 2022, musical boxes imports into Turkey skyrocketed to 40K units, jumping by 61% compared with the previous year's figure. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, musical boxes imports rose to $307K in 2022. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 141% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Import of Musical Boxes in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	171	91.2	182	201	5.5%
Switzerland	26.9	28.2	96.1	106	57.9%
Others	0.3	3.6	17.4	N/A	661.6%
Total	198	123	296	307	15.7%

Top Suppliers of Musical Boxes to Turkey in 2022:

China (27.3K units)
Switzerland (12.4K units)

Musical Boxes Exports in Turkey

In 2022, after three years of growth, there was significant decline in shipments abroad of musical boxeses, when their volume decreased by -65.2% to 8.7K units. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 241% against the previous year. As a result, the exports reached the peak of 25K units, and then shrank rapidly in the following year.

In value terms, musical boxes exports reduced notably to $55K in 2022. Overall, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by 141% against the previous year. As a result, the exports reached the peak of $151K, and then contracted significantly in the following year.

Export of Musical Boxes in Turkey (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	12.5	28.4	31.1	32.2	37.1%
Switzerland	11.0	2.3	0.6	7.7	-11.2%
Azerbaijan	0.2	N/A	5.1	4.5	182.3%
Germany	0.2	1.7	4.2	3.7	164.5%
Iraq	1.8	0.2	3.2	2.9	17.2%
Bulgaria	0.3	N/A	1.4	1.3	63.0%
Georgia	0.3	N/A	0.7	0.7	32.6%
Cyprus	N/A	N/A	2.2	N/A	0%
United States	N/A	N/A	27.4	N/A	0%
Israel	N/A	15.4	21.6	N/A	40.3%
Libya	N/A	N/A	0.6	N/A	0%
Italy	N/A	6.9	21.7	N/A	214.5%
Kyrgyzstan	N/A	N/A	1.7	N/A	0%
Others	15.2	7.8	29.5	2.1	-48.3%
Total	41.4	62.7	151	55.1	10.0%