Musical Boxes Price in Vietnam - 2021

Musical Boxes Price in Vietnam (CIF) - 2022

The average musical boxes import price stood at $6.5 per unit in 2022, with an increase of 9.6% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 85% against the previous year. The import price peaked at $11 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($6.5 per unit), while the price for Switzerland ($6.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Musical Boxes Price in Vietnam (FOB) - 2022

The average musical boxes export price stood at $8.1 per unit in 2022, with a decrease of -4.9% against the previous year. Over the period under review, the export price, however, recorded a temperate expansion. The most prominent rate of growth was recorded in 2018 an increase of 55%. The export price peaked at $8.6 per unit in 2021, and then contracted slightly in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($8.4 per unit), while the average price for exports to the United States totaled $8.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.3%).

Musical Boxes Imports in Vietnam

In 2022, approx. 74K units of musical boxeses were imported into Vietnam; waning by -18.4% compared with the previous year. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% 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 +40.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. As a result, imports attained the peak of 91K units, and then declined sharply in the following year.

In value terms, musical boxes imports reduced to $483K in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, imports reached the peak of $539K, and then reduced in the following year.

Import of Musical Boxes in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	400	383	478	450	4.0%
Switzerland	3.3	27.3	39.6	13.9	61.5%
Hong Kong SAR	3.0	4.1	7.9	7.5	35.7%
Others	22.4	11.2	14.0	11.0	-21.1%
Total	429	426	539	483	4.0%

Top Suppliers of Musical Boxes to Vietnam in 2022:

China (69.4K units)
Switzerland (2.2K units)
Hong Kong SAR (1.2K units)

Musical Boxes Exports in Vietnam

Musical boxes exports from Vietnam dropped significantly to 1.1K units in 2022, falling by -32% against 2021 figures. Overall, exports showed a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 177%. As a result, the exports reached the peak of 1.5K units, and then declined remarkably in the following year.

In value terms, musical boxes exports reduced rapidly to $8.6K in 2022. Over the period under review, exports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2021 with an increase of 241% against the previous year. As a result, the exports attained the peak of $13K, and then shrank dramatically in the following year.