Musical Boxes Price in Azerbaijan - 2023

Musical Boxes Price in Azerbaijan (CIF) - 2022

The average musical boxes import price stood at $3.1 per unit in 2022, surging by 9.9% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 1,797%. As a result, import price attained the peak level of $53 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($16 per unit), while the price for China totaled $2.3 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+67.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Musical Boxes Imports in Azerbaijan

In 2022, approx. 5.8K units of musical boxeses were imported into Azerbaijan; falling by -50.5% on 2021 figures. Over the period under review, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 1,703% against the previous year. As a result, imports reached the peak of 12K units, and then fell notably in the following year.

In value terms, musical boxes imports reduced remarkably to $18K in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 1,028%. As a result, imports attained the peak of $33K, and then dropped markedly in the following year.

Import of Musical Boxes in Azerbaijan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.3	1.2	23.0	12.7	113.8%
Germany	1.8	1.6	6.5	4.8	38.7%
Turkey	N/A	N/A	3.0	0.3	-90.0%
Others	0.2	0.2	0.7	0.3	14.5%
Total	3.2	2.9	33.2	18.1	78.2%