Musical Boxes Price in Kenya - 2021
Contents:
Musical Boxes Price in Kenya (CIF) - 2022
In 2022, the average musical boxes import price amounted to $3.9 per unit, waning by -35.8% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2015 an increase of 78%. The import price peaked at $6 per unit in 2021, and then fell rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($12 per unit), while the price for India ($0.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Musical Boxes Imports in Kenya
In 2022, the amount of musical boxeses imported into Kenya expanded sharply to 1.8K units, picking up by 5.6% compared with the previous year. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% 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 +102.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 92% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, musical boxes imports contracted rapidly to $6.8K in 2022. Overall, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 181% against the previous year. As a result, imports reached the peak of $10K, and then fell sharply in the following year.
| Import of Musical Boxes in Kenya (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.4 | 2.8 | 8.7 | 5.3 | 30.2% |
| India | N/A | 0.1 | 0.2 | 1.0 | 216.2% |
| South Africa | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 0.5 | 0.4 | 0.8 | 0.3 | -15.7% |
| Total | 3.3 | 3.6 | 10.1 | 6.8 | 27.3% |
Top Suppliers of Musical Boxes to Kenya in 2022:
- India (1109.0 units)
- China (453.0 units)
- South Africa (187.0 units)
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