The forecast for the import of musical boxes to China shows a declining trend over the upcoming years. The actual figure for 2023 stood at 233.00 thousand US dollars, and the forecasted values indicate a consistent decrease, with a drop from 206.53 thousand USD in 2024 to 99.86 thousand USD by 2028.
Key Observations:
- 2024 to 2025: A 13.31% year-on-year decrease.
- 2025 to 2026: A 15.04% year-on-year decrease.
- 2026 to 2027: A 17.34% year-on-year decrease.
- 2027 to 2028: A 20.58% year-on-year decrease.
- The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -15.90%.
Future Trends:
- Monitor changes in consumer preferences and economic factors, which may further influence import activities.
- Emerging technologies and digital entertainment may continue to reduce demand for traditional musical boxes.
