Musical Boxes Price in Australia - 2023

Musical Boxes Price in Australia (CIF) - 2023

The average musical boxes import price stood at $6.6 per unit in August 2023, jumping by 39% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 174% m-o-m. As a result, import price reached the peak level of $15.1 per unit. From January 2023 to August 2023, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From August 2022 to August 2023, the rate of growth in terms of prices for China amounted to +0.3% per month.

Musical Boxes Price in Australia (FOB) - 2022

In 2022, the average musical boxes export price amounted to $14 per unit, flattening at the previous year. In general, the export price saw a deep setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by 88% against the previous year. The export price peaked at $31 per unit in 2012; however, from 2013 to 2022, the 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 Singapore ($63 per unit), while the average price for exports to New Zealand totaled $7.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+35.3%), while the prices for the other major destinations experienced mixed trend patterns.

Musical Boxes Imports in Australia

In 2022, musical boxes imports into Australia reduced to 156K units, leveling off at the previous year's figure. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 0.7%. Imports peaked at 208K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, musical boxes imports reduced to $1.3M in 2022. In general, imports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $1.3M, and then reduced in the following year.

Import of Musical Boxes in Australia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,102	1,014	1,122	1,056	-1.4%
Germany	30.4	3.4	40.2	37.8	7.5%
Indonesia	14.2	11.5	16.9	15.9	3.8%
Others	166	129	169	144	-4.6%
Total	1,313	1,158	1,348	1,253	-1.5%

Top Suppliers of Musical Boxes to Australia in 2022:

China (144.5K units)
Indonesia (4.9K units)
Germany (4.1K units)

Musical Boxes Exports in Australia

In 2022, shipments abroad of musical boxeses decreased by -4% to 2.4K units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +4.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 39%. As a result, the exports attained the peak of 2.9K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, musical boxes exports contracted to $34K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 51% against the previous year. Over the period under review, the exports reached the peak figure at $35K in 2021, and then contracted in the following year.