Musical Boxes Price in South Korea - 2022

Contents:

1. Musical Boxes Price in South Korea (CIF) - 2022
2. Musical Boxes Price in South Korea (FOB) - 2022
3. Musical Boxes Imports in South Korea
4. Musical Boxes Exports in South Korea

Musical Boxes Price in South Korea (CIF) - 2022

In 2022, the average musical boxes import price amounted to $5.3 per unit, falling by -2.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 55% against the previous year. The import price peaked at $9.6 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($7.6 per unit), while the price for China amounted to $5.2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+3.5%).

Musical Boxes Price in South Korea (FOB) - 2022

The average musical boxes export price stood at $25 per unit in 2022, rising by 2.5% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 126%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($91 per unit), while the average price for exports to Panama ($17 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 Sweden (+27.2%), while the prices for the other major destinations experienced more modest paces of growth.

Musical Boxes Imports in South Korea

In 2022, overseas purchases of musical boxeses decreased by -18% to 686K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 155%. Over the period under review, imports attained the maximum at 837K units in 2021, and then declined rapidly in the following year.

In value terms, musical boxes imports plummeted to $3.6M in 2022. In general, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 74%. Imports peaked at $4.5M in 2021, and then reduced remarkably in the following year.

Top Suppliers of Musical Boxes to South Korea in 2022:

1. China (661.9K units)
2. Japan (7.2K units)
3. Switzerland (7.0K units)

Musical Boxes Exports in South Korea

In 2022, the amount of musical boxeses exported from South Korea dropped sharply to 1.2K units, which is down by -37.9% on 2021. Overall, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2021 when exports increased by 242% against the previous year. As a result, the exports reached the peak of 2K units, and then fell sharply in the following year.

In value terms, musical boxes exports shrank remarkably to $30K in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 267%. As a result, the exports attained the peak of $47K, and then declined sharply in the following year.

Top Export Markets for Musical Boxes from South Korea in 2022:

1. Panama (1019.0 units)
2. United States (50.0 units)
3. Hong Kong SAR (46.0 units)
4. China (43.0 units)
5. Switzerland (21.0 units)
6. Indonesia (9.0 units)

Source: IndexBox Market Intelligence Platform