Musical Boxes Price in Saudi Arabia - 2021

Contents:

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

Musical Boxes Price in Saudi Arabia (CIF) - 2022

The average musical boxes import price stood at $5.5 per unit in 2022, surging by 8% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 19%. The import price peaked at $7.4 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Switzerland ($9.6 per unit), while the price for India ($2.8 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Musical Boxes Price in Saudi Arabia (FOB) - 2022

The average musical boxes export price stood at $6.8 per unit in 2022, declining by -8.8% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 an increase of 101%. Over the period under review, the average export prices attained the maximum at $34 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($7 per unit), while the average price for exports to Sudan amounted to $6.6 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (-14.8%), while the prices for the other major destinations experienced a decline.

Musical Boxes Imports in Saudi Arabia

In 2022, the amount of musical boxeses imported into Saudi Arabia contracted notably to 10K units, shrinking by -27.2% compared with 2021 figures. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 148%. As a result, imports attained the peak of 14K units, and then contracted significantly in the following year.

In value terms, musical boxes imports fell rapidly to $56K in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 75% against the previous year. As a result, imports attained the peak of $72K, and then shrank significantly in the following year.

Top Suppliers of Musical Boxes to Saudi Arabia in 2022:

1. China (7.9K units)
2. United Arab Emirates (0.8K units)
3. Switzerland (0.5K units)
4. India (0.4K units)
5. Hong Kong SAR (0.3K units)
6. Germany (0.2K units)

Musical Boxes Exports in Saudi Arabia

In 2022, approx. 24 units of musical boxeses were exported from Saudi Arabia; rising by 380% compared with the previous year's figure. Over the period under review, exports recorded a buoyant expansion. The exports peaked at 43 units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, musical boxes exports surged to $162 in 2022. In general, exports, however, continue to indicate a slight slump. Over the period under review, the exports reached the peak figure at $286 in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Top Export Markets for Musical Boxes from Saudi Arabia in 2022:

1. Sudan (14.0 units)
2. Turkey (10.0 units)

Source: IndexBox Market Intelligence Platform