Musical Boxes Price in Singapore - 2022
Contents:
- Musical Boxes Price in Singapore (CIF) - 2022
- Musical Boxes Price in Singapore (FOB) - 2022
- Musical Boxes Imports in Singapore
- Musical Boxes Exports in Singapore
Musical Boxes Price in Singapore (CIF) - 2022
The average musical boxes import price stood at $6.5 per unit in 2022, growing by 9.2% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, musical boxes import price decreased by -32.8% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 83% against the previous year. Over the period under review, average import prices attained the maximum at $9.6 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($8.8 per unit), while the price for the UK ($5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Musical Boxes Price in Singapore (FOB) - 2022
The average musical boxes export price stood at $15 per unit in 2022, picking up by 6.1% against the previous year. Overall, the export price posted prominent growth. The pace of growth was the most pronounced in 2013 an increase of 126%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($21 per unit), while the average price for exports to Indonesia ($12 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 Nigeria (+87.3%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Boxes Imports in Singapore
In 2022, musical boxes imports into Singapore declined slightly to 101K units, falling by -3.6% against the year before. In general, imports saw a sharp decrease. The growth pace was the most rapid in 2021 when imports increased by 7.8% against the previous year. Imports peaked at 206K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, musical boxes imports rose markedly to $652K in 2022. Over the period under review, imports continue to indicate a dramatic contraction. Over the period under review, imports hit record highs at $1.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Musical Boxes in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 410 | 230 | 235 | 208 | -20.2% |
| China | 449 | 225 | 175 | 201 | -23.5% |
| United States | 211 | 104 | 85.4 | 94.7 | -23.4% |
| Indonesia | 24.2 | 1.0 | 48.8 | 37.5 | 15.7% |
| Germany | 60.2 | 30.4 | N/A | 21.1 | -29.5% |
| United Kingdom | 60.1 | 24.4 | N/A | 19.7 | -31.1% |
| France | 44.8 | 12.7 | 4.2 | 14.4 | -31.5% |
| Japan | 13.7 | 1.9 | 16.1 | 12.4 | -3.3% |
| Switzerland | 26.4 | 16.6 | 6.4 | 11.6 | -24.0% |
| Hong Kong SAR | 0.3 | 34.3 | 12.7 | 11.3 | 235.2% |
| Taiwan (Chinese) | 16.5 | 0.2 | 13.4 | 10.3 | -14.5% |
| Others | 73.4 | 3.5 | 22.4 | 9.8 | -48.9% |
| Total | 1,389 | 684 | 619 | 652 | -22.3% |
Top Suppliers of Musical Boxes to Singapore in 2022:
- Italy (32.5K units)
- China (31.1K units)
- United States (14.7K units)
- Indonesia (4.3K units)
- United Kingdom (4.0K units)
- Germany (3.2K units)
- France (2.2K units)
- Japan (2.1K units)
- Taiwan (Chinese) (1.8K units)
- Switzerland (1.8K units)
- Hong Kong SAR (1.7K units)
Musical Boxes Exports in Singapore
Musical boxes exports from Singapore contracted remarkably to 3K units in 2022, with a decrease of -45.4% compared with the year before. Over the period under review, exports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 366%. As a result, the exports reached the peak of 5.5K units, and then declined rapidly in the following year.
In value terms, musical boxes exports dropped notably to $45K in 2022. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 535% against the previous year. As a result, the exports attained the peak of $78K, and then fell significantly in the following year.
| Export of Musical Boxes in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 7.4 | 0.1 | 28.1 | 35.7 | 69.0% |
| India | 5.3 | 1.5 | 4.2 | 5.3 | 0.0% |
| Indonesia | 2.9 | 2.6 | 1.9 | 3.1 | 2.2% |
| Japan | N/A | N/A | 5.4 | N/A | 0% |
| Switzerland | 6.0 | N/A | 6.9 | N/A | 7.2% |
| Others | 5.3 | 8.2 | 31.8 | 1.2 | -39.1% |
| Total | 26.9 | 12.3 | 78.3 | 45.3 | 19.0% |
Top Export Markets for Musical Boxes from Singapore in 2022:
- France (2432.0 units)
- Indonesia (266.0 units)
- India (259.0 units)
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