In 2023, China dominated the global export of musical boxes, with a significant value compared to other countries. Thailand, the United States, and India performed moderately, while countries like Pakistan, Russia, and Peru held lower positions. Year-on-year analysis shows China's exports slightly decreased by 3.56%, with a similar negative trend noticed in Thailand and the United States. Contrary to this, Russia and India saw a notable increase in their exports. Over the past five years, the compound annual growth rate (CAGR) depicted varied rates across countries.
Looking ahead, advancements in consumer electronics and a growing trend towards nostalgia-driven products may impact global musical box exports. Monitoring economic changes and trade policies in key markets like China and the U.S. will be crucial. Additionally, emerging markets such as India and Russia could play a more significant role due to positive growth trends.
Top countries in Export of Musical Boxes by Country
| # | 8 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 13,368,000 | 2023 | -3.55% | -3.56% | View data |
| 2 | 2 Thailand | 153,930 | 2023 | +4.2% | -1.53% | View data |
| 3 | 3 United States | 151,170 | 2023 | -3.17% | -2.88% | View data |
| 4 | 4 India | 105,560 | 2023 | +5.23% | +2.62% | View data |
| 5 | 5 Pakistan | 17,770 | 2023 | +6.33% | +1.88% | View data |
| 6 | 6 Russia | 5,600 | 2023 | +3.61% | +7.35% | View data |
| 7 | 7 Peru | 3,430 | 2023 | +6.26% | +3.4% | View data |
| 8 | 8 Malaysia | 1,470 | 2023 | +4.27% | +2.69% | View data |
