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

Contents:

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

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

In 2022, the average import price for music, printed or in manuscript, whether or not bound or illustrated amounted to $41,705 per ton, remaining constant against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 127% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 ($43,307 per ton), while the price for the United States totaled $27,580 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for music, printed or in manuscript, whether or not bound or illustrated amounted to $5,404 per ton, rising by 84% against the previous year. In general, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2016 an increase of 203% against the previous year. Over the period under review, the average export prices hit record highs at $6,148 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,887 per ton), while the average price for exports to South Africa ($1,333 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 New Zealand (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Music, Printed or in Manuscript in India

In 2022, overseas purchases of music, printed or in manuscript, whether or not bound or illustrated increased by 38% to 6.4 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a precipitous contraction.

In value terms, music, printed or in manuscript imports surged to $266K in 2022. Over the period under review, imports, however, faced a significant curtailment.

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

1. United Kingdom (5.7 tons)
2. United States (0.7 tons)

Exports of Music, Printed or in Manuscript in India

In 2022, music, printed or in manuscript exports from India fell sharply to 183 kg, which is down by -82.8% on the year before. Overall, exports continue to indicate a sharp decline. The growth pace was the most rapid in 2021 with an increase of 2,705%.

In value terms, music, printed or in manuscript exports dropped markedly to $989 in 2022. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 2,691%.

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

1. United States (97.0 kg)
2. Australia (47.0 kg)
3. Canada (15.0 kg)
4. United Kingdom (12.0 kg)
5. Nepal (8.0 kg)
6. South Africa (3.0 kg)

Source: IndexBox Market Intelligence Platform