Musical Boxes Price in Japan - 2023

Musical Boxes Price in Japan (CIF) - 2022

The average musical boxes import price stood at $4.5 per unit in 2022, which is down by -26.4% against the previous year. Overall, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. As a result, import price attained the peak level of $9.2 per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($6.6 per unit), while the price for Italy ($3.4 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 (+6.4%), while the prices for the other major suppliers experienced a decline.

Musical Boxes Price in Japan (FOB) - 2022

The average musical boxes export price stood at $15 per unit in 2022, increasing by 2.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2013 when the average export price increased by 67% against the previous year. As a result, the export price attained the peak level of $18 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($38 per unit), while the average price for exports to Israel ($0.6 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 (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Musical Boxes Imports in Japan

Musical boxes imports into Japan expanded remarkably to 788K units in 2022, with an increase of 14% against 2021 figures. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.4% 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 +75.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, musical boxes imports contracted markedly to $3.5M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.8% 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 increased by +24.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of $4.2M, and then reduced notably in the following year.

Import of Musical Boxes in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,131	1,158	1,827	1,385	7.0%
Switzerland	1,086	734	1,027	1,269	5.3%
Taiwan (Chinese)	28.9	167	276	222	97.3%
United States	164	168	233	194	5.8%
Hong Kong SAR	311	341	466	166	-18.9%
Italy	74.5	31.2	21.1	98.9	9.9%
Others	90.9	231	348	179	25.3%
Total	2,887	2,830	4,199	3,515	6.8%

Top Suppliers of Musical Boxes to Japan in 2022:

China (374.1K units)
Switzerland (217.5K units)
United States (52.8K units)
Taiwan (Chinese) (43.4K units)
Italy (29.5K units)
Hong Kong SAR (25.2K units)

Musical Boxes Exports in Japan

In 2022, approx. 30K units of musical boxeses were exported from Japan; dropping by -9.5% on the year before. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, the exports attained the peak of 34K units, and then fell in the following year.

In value terms, musical boxes exports contracted to $447K in 2022. The total export value increased at an average annual rate of +5.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of $483K, and then reduced in the following year.

Export of Musical Boxes in Japan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	37.7	138	88.1	80.4	28.7%
China	39.2	43.7	78.0	71.2	22.0%
South Korea	124	33.1	29.5	60.2	-21.4%
Taiwan (Chinese)	75.8	61.0	56.4	57.7	-8.7%
Macao SAR	1.2	3.4	18.8	17.1	142.4%
Singapore	3.5	2.7	18.4	16.8	68.7%
Thailand	30.4	15.4	2.6	15.0	-21.0%
France	1.5	4.1	12.4	11.3	96.0%
United Kingdom	4.1	9.1	9.1	8.3	26.5%
United Arab Emirates	2.5	9.7	7.4	6.7	38.9%
Malaysia	1.4	6.9	5.2	4.8	50.8%
Israel	1.1	1.6	1.1	0.9	-6.5%
Madagascar	N/A	N/A	1.8	N/A	0%
Others	56.3	82.6	154	96.3	19.6%
Total	379	411	483	447	5.7%