In 2023, China held a dominant position in the global export of musical boxes, accounting for 88.8% of the market, though it experienced a decline of 3.56% year-over-year. Despite minor shares, countries like India, Pakistan, Russia, Peru, and Malaysia showed positive growth, with Russia increasing by 7.35%. Meanwhile, the United States saw a decrease of 2.88% in its exports.
Future trends to watch include:
- Potential decrease in China's dominance due to increasing competition.
- Continued growth in emerging markets, possibly boosting shares of India, Pakistan, and Russia.
- Market innovations might shift production bases or create new opportunities.
Top countries in Export of Musical Boxes Share by Country (Units)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 88.8 | 2023 | -3.55% | -3.56% | View data |
| 2 | 2 Thailand | 1.02 | 2023 | +4.2% | -1.53% | View data |
| 3 | 3 United States | 1 | 2023 | -3.17% | -2.88% | View data |
| 4 | 4 India | 0.7 | 2023 | +5.23% | +2.62% | View data |
| 5 | 5 Pakistan | 0.12 | 2023 | +6.33% | +1.88% | View data |
| 6 | 6 Russia | 0.037 | 2023 | +3.61% | +7.35% | View data |
| 7 | 7 Peru | 0.023 | 2023 | +6.26% | +3.4% | View data |
| 8 | 8 Malaysia | 0.01 | 2023 | +4.27% | +2.69% | View data |
