Musical Boxes Price in Kuwait - 2021

Musical Boxes Price in Kuwait (CIF) - 2022

The average musical boxes import price stood at $9.3 per unit in 2022, picking up by 122% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 India ($26 per unit), while the price for the United States ($1.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Boxes Price in Kuwait (FOB) - 2022

The average musical boxes export price stood at $5.4 per unit in 2022, rising by 8% against the previous year. Over the period under review, the export price, however, recorded a precipitous descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by 690%. As a result, the export price attained the peak level of $1,190 per unit. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -28.3% per year.

Musical Boxes Imports in Kuwait

After three years of growth, overseas purchases of musical boxeses decreased by -62.5% to 6.1K units in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 190% against the previous year. Over the period under review, imports reached the maximum at 16K units in 2021, and then contracted remarkably in the following year.

In value terms, musical boxes imports declined sharply to $57K in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 184% against the previous year. Over the period under review, imports hit record highs at $68K in 2021, and then contracted remarkably in the following year.

Import of Musical Boxes in Kuwait (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	0.2	0.8	3.3	17.4	343.1%
United Arab Emirates	0.3	6.0	1.5	16.4	279.5%
China	4.8	25.8	29.2	6.0	7.7%
Taiwan (Chinese)	0.2	1.4	3.9	5.7	205.5%
Switzerland	2.0	0.9	1.6	2.6	9.1%
Bahrain	0.2	0.9	1.5	2.2	122.4%
United States	0.2	0.4	0.6	0.7	51.8%
Thailand	4.4	6.0	2.7	0.5	-51.6%
Others	3.6	3.1	24.1	5.4	14.5%
Total	16.0	45.4	68.4	56.9	52.6%

Top Suppliers of Musical Boxes to Kuwait in 2022:

China (2811.0 units)
United Arab Emirates (691.0 units)
India (662.0 units)
Switzerland (553.0 units)
United States (514.0 units)
Bahrain (465.0 units)
Taiwan (Chinese) (233.0 units)
Thailand (146.0 units)

Musical Boxes Exports in Kuwait

In 2022, after two years of decline, there was decline in shipments abroad of musical boxeses, when their volume decreased by 0% to 159 units. In general, exports saw a relatively flat trend pattern. The smallest decline of -0.6% was in 2020. Over the period under review, the exports attained the peak figure at 160 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, musical boxes exports expanded sharply to $862 in 2022. Overall, exports continue to indicate a pronounced curtailment. Over the period under review, the exports hit record highs at $996 in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.