Musical Boxes Price in South Africa - 2023
Contents:
- Musical Boxes Price in South Africa (FOB) - 2022
- Musical Boxes Price in South Africa (CIF) - 2022
- Musical Boxes Exports in South Africa
- Musical Boxes Imports in South Africa
Musical Boxes Price in South Africa (FOB) - 2022
The average musical boxes export price stood at $68 per unit in 2022, declining by -44.7% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 508% against the previous year. As a result, the export price reached the peak level of $124 per unit, and then declined significantly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($454 per unit), while the average price for exports to Namibia ($9.8 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 Lesotho (+55.1%), while the prices for the other major destinations experienced more modest paces of growth.
Musical Boxes Price in South Africa (CIF) - 2022
In 2022, the average musical boxes import price amounted to $3.6 per unit, with an increase of 18% against the previous year. Over the period under review, the import price, however, saw a deep slump. The pace of growth was the most pronounced in 2019 an increase of 38%. Over the period under review, average import prices hit record highs at $7 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3.3 per unit), while the price for Hong Kong SAR ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.3%), while the prices for the other major suppliers experienced a decline.
Musical Boxes Exports in South Africa
In 2022, overseas shipments of musical boxeses decreased by -21.6% to 443 units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +12.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year. The exports peaked at 565 units in 2021, and then contracted significantly in the following year.
In value terms, musical boxes exports fell rapidly to $30K in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 716% against the previous year. As a result, the exports attained the peak of $70K, and then declined notably in the following year.
| Export of Musical Boxes in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 46.7 | 12.7 | -72.8% |
| United Kingdom | 0.1 | 2.1 | 2.7 | 4.9 | 265.9% |
| Germany | N/A | N/A | 1.8 | 2.2 | 22.2% |
| Canada | N/A | 1.5 | 2.6 | 1.8 | 9.5% |
| Swaziland | 0.1 | 0.6 | 0.2 | 0.7 | 91.3% |
| Botswana | 2.0 | 0.4 | 0.3 | 0.7 | -29.5% |
| Namibia | 1.5 | 0.5 | 1.9 | 0.5 | -30.7% |
| Malawi | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Angola | 3.7 | N/A | N/A | N/A | 0% |
| Others | 4.3 | 3.3 | 13.4 | 6.3 | 13.6% |
| Total | 11.7 | 8.5 | 69.8 | 30.3 | 37.3% |
Top Export Markets for Musical Boxes from South Africa in 2022:
- United Kingdom (261.0 units)
- Namibia (55.0 units)
- Botswana (36.0 units)
- United States (28.0 units)
- Swaziland (23.0 units)
- Germany (12.0 units)
- Malawi (7.0 units)
- Canada (6.0 units)
Musical Boxes Imports in South Africa
In 2022, imports of musical boxeses into South Africa shrank to 19K units, which is down by -5.6% on 2021. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 109%. As a result, imports reached the peak of 20K units, and then dropped in the following year.
In value terms, musical boxes imports expanded rapidly to $69K in 2022. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports hit record highs at $84K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Musical Boxes in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 69.5 | 31.3 | 48.6 | 61.2 | -4.2% |
| United States | 7.0 | 3.7 | 7.0 | 5.9 | -5.5% |
| Italy | 3.6 | 4.6 | 5.6 | N/A | 24.7% |
| Others | 3.9 | 1.9 | 1.0 | 2.3 | -16.1% |
| Total | 84.0 | 41.5 | 62.3 | 69.4 | -6.2% |
Top Suppliers of Musical Boxes to South Africa in 2022:
- China (18.5K units)
- United States (0.2K units)
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