Musical Boxes Price in Belarus - 2022

Musical Boxes Price in Belarus (CIF) - 2022

The average musical boxes import price stood at $1.9 per unit in 2022, falling by -4.4% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 39% against the previous year. The import price peaked at $9.1 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Latvia ($6.4 per unit), while the price for China stood at $1.5 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+7.1%).

Musical Boxes Price in Belarus (FOB) - 2022

The average musical boxes export price stood at $9.9 per unit in 2022, increasing by 17% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 68%. The export price peaked at $11 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +13.4% per year.

Musical Boxes Imports in Belarus

In 2022, imports of musical boxeses into Belarus declined markedly to 19K units, which is down by -19.1% against 2021. In general, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 62% against the previous year. As a result, imports reached the peak of 23K units, and then shrank remarkably in the following year.

In value terms, musical boxes imports dropped notably to $35K in 2022. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 83% against the previous year. Imports peaked at $48K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Musical Boxes in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	41.0	19.7	35.2	27.7	-12.3%
Latvia	2.1	1.3	1.6	1.1	-19.4%
Others	5.0	3.8	8.6	6.3	8.0%
Total	48.0	24.8	45.4	35.1	-9.9%

Top Suppliers of Musical Boxes to Belarus in 2022:

China (18.5K units)
Latvia (0.2K units)

Musical Boxes Exports in Belarus

In 2022, approx. 700 units of musical boxeses were exported from Belarus; which is down by -34.9% on the previous year's figure. In general, exports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 with an increase of 72% against the previous year. As a result, the exports reached the peak of 1.1K units, and then reduced sharply in the following year.

In value terms, musical boxes exports contracted dramatically to $7K in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 90% against the previous year. As a result, the exports reached the peak of $9.1K, and then fell markedly in the following year.