The import volume of musical boxes to the U.S. is forecasted to decline from 2.2189 million kilograms in 2024 to 2.0815 million kilograms by 2028. This represents a year-on-year decrease of approximately 1.6%. The trend indicates a consistent yearly decline, indicative of a mature market or shifting consumer preferences. In 2023, the volume stood at 2.2343 million kilograms, so the five-year Compound Annual Growth Rate (CAGR) from 2024-2028 is projected at -1.6%, showing a decline trend.
The future trends to watch include:
- Shifts towards digital musical entertainment reducing demand for physical musical boxes.
- Changes in consumer preferences impacting physical music-related imports.
- Possible influence of trade regulations on import volumes.
