In 2023, the import value of musical boxes to India was recorded at 1.40 million US dollars. From 2024, the figures exhibit a steady increase with the forecasted growth rates as follows: 4.8% in 2024, 4.9% in 2025, 4.6% in 2026, and 4.3% in 2027. The CAGR for these five years stands at approximately 4.7%, indicating a consistent upward trend in the import of musical boxes to India.

Future trends to watch for include:

The influence of Western musical culture on Indian consumer preferences might drive additional growth.
Technological innovations in musical box designs could affect import volumes.
Changes in trade policies or tariffs can impact import dynamics.