Price for Music, Printed or in Manuscript in China - 2023

Contents:

1. Price for Music, Printed or in Manuscript in China (CIF) - 2022
2. Price for Music, Printed or in Manuscript in China (FOB) - 2022
3. Imports of Music, Printed or in Manuscript in China
4. Exports of Music, Printed or in Manuscript in China

Price for Music, Printed or in Manuscript in China (CIF) - 2022

The average import price for music, printed or in manuscript, whether or not bound or illustrated stood at $33,171 per ton in 2022, declining by -6% against the previous year. Overall, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2014 an increase of 54% against the previous year. Over the period under review, average import prices attained the peak figure at $36,953 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($73,313 per ton), while the price for the United States ($30,469 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Music, Printed or in Manuscript in China (FOB) - 2022

The average export price for music, printed or in manuscript, whether or not bound or illustrated stood at $5,919 per ton in 2022, dropping by -25.7% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 15%. The export price peaked at $35,550 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($13,500 per ton), while the average price for exports to the United States ($5,818 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-6.5%), while the prices for the other major destinations experienced a decline.

Imports of Music, Printed or in Manuscript in China

In 2022, overseas purchases of music, printed or in manuscript, whether or not bound or illustrated decreased by -19.1% to 29 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. As a result, imports reached the peak of 36 tons, and then reduced markedly in the following year.

In value terms, music, printed or in manuscript imports plummeted to $963K in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 92%. As a result, imports attained the peak of $1.3M, and then shrank rapidly in the following year.

Top Suppliers of Music, Printed or in Manuscript to China in 2022:

1. Germany (8.9 tons)
2. United States (3.8 tons)
3. South Africa (1.0 tons)
4. Japan (0.9 tons)
5. United Kingdom (0.7 tons)
6. Netherlands (0.4 tons)
7. Hungary (0.3 tons)

Exports of Music, Printed or in Manuscript in China

In 2022, music, printed or in manuscript exports from China dropped significantly to 39 tons, waning by -29.1% compared with the previous year's figure. Overall, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 2,731%. As a result, the exports reached the peak of 55 tons, and then fell notably in the following year.

In value terms, music, printed or in manuscript exports declined significantly to $231K in 2022. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 1,790%. As a result, the exports attained the peak of $439K, and then fell significantly in the following year.

Top Export Markets for Music, Printed or in Manuscript from China in 2022:

1. United States (35.7 tons)
2. Italy (1.2 tons)

Source: IndexBox Market Intelligence Platform