Musical Boxes Price in Uruguay - 2021

Musical Boxes Price in Uruguay (CIF) - 2022

The average musical boxes import price stood at $3.1 per unit in 2022, waning by -15.1% against the previous year. Overall, the import price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 47% against the previous year. The import price peaked at $3.7 per unit in 2021, and then shrank sharply 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 Hong Kong SAR ($10 per unit), while the price for China ($2.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+17.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Boxes Price in Uruguay (FOB) - 2022

In 2022, the average musical boxes export price amounted to $5 per unit, surging by 82% against the previous year. In general, the export price, however, continues to indicate a abrupt decline. The export price peaked at $18 per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -5.7% per year.

Musical Boxes Imports in Uruguay

Musical boxes imports into Uruguay soared to 5.7K units in 2022, rising by 29% compared with the year before. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.3% 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 decreased by -18.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year. As a result, imports attained the peak of 6.9K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, musical boxes imports totaled $18K in 2022. The total import value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year. As a result, imports reached the peak of $19K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Musical Boxes in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.5	9.6	9.2	10.2	10.8%
Hong Kong SAR	2.1	2.6	2.3	3.1	13.9%
France	3.8	4.9	3.0	2.5	-13.0%
Panama	1.3	1.5	1.2	1.4	2.5%
Others	0.8	0.8	0.6	0.5	-14.5%
Total	15.4	19.3	16.2	17.8	4.9%

Top Suppliers of Musical Boxes to Uruguay in 2022:

China (4.3K units)
Panama (0.5K units)
France (0.5K units)
Hong Kong SAR (0.3K units)

Musical Boxes Exports in Uruguay

In 2022, approx. 44 units of musical boxeses were exported from Uruguay; reducing by -21.4% against 2021. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 5.7%. Over the period under review, the exports attained the peak figure at 67 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, musical boxes exports skyrocketed to $218 in 2022. Over the period under review, exports faced a abrupt decline. Over the period under review, the exports reached the maximum at $390 in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.