Musical Boxes Price in Morocco - 2022

Musical Boxes Price in Morocco (CIF) - 2022

In 2022, the average musical boxes import price amounted to $8.2 per unit, declining by -2% against the previous year. In general, the import price recorded a mild descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 51%. Over the period under review, average import prices hit record highs at $9.5 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($8.4 per unit) and China ($8.4 per unit), while the price for Italy ($6.6 per unit) and Brazil ($6.8 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+27.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Musical Boxes Price in Morocco (FOB) - 2022

In 2021, the average musical boxes export price amounted to $9.5 per unit, increasing by 17% against the previous year. Over the period from 2020 to 2021, it increased at an average annual rate of +17.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2020 to 2021, the rate of growth in terms of prices for Israel amounted to 0.0% per year.

Musical Boxes Imports in Morocco

In 2022, after three years of growth, there was significant decline in overseas purchases of musical boxeses, when their volume decreased by -15.4% to 7.1K units. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports reached the peak of 8.4K units, and then contracted significantly in the following year.

In value terms, musical boxes imports declined remarkably to $58K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.3% 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 increased by +53.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports attained the peak of $70K, and then declined dramatically in the following year.

Import of Musical Boxes in Morocco (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	20.4	21.8	30.9	31.8	15.9%
France	6.0	18.2	7.0	14.2	33.3%
Brazil	7.1	3.1	6.4	5.5	-8.2%
India	0.8	1.3	5.5	4.8	81.7%
Italy	1.2	1.0	1.1	0.9	-9.1%
Sri Lanka	2.0	N/A	N/A	N/A	0%
Others	0.6	1.0	19.6	1.2	26.0%
Total	38.1	46.4	70.4	58.4	15.3%

Top Suppliers of Musical Boxes to Morocco in 2022:

China (3.8K units)
France (1.7K units)
Brazil (0.8K units)
India (0.6K units)
Italy (0.1K units)

Musical Boxes Exports in Morocco

In 2021, exports of musical boxeses from Morocco contracted sharply to 282 units, dropping by -43% on the year before. Overall, exports saw a significant curtailment. The exports peaked at 495 units in 2020, and then reduced rapidly in the following year.

In value terms, musical boxes exports declined significantly to $2.7K in 2021. In general, exports showed a dramatic descent. The exports peaked at $4K in 2020, and then declined dramatically in the following year.