Price for Music, Printed or in Manuscript in the Philippines - 2023

Contents:

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

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

The average import price for music, printed or in manuscript, whether or not bound or illustrated stood at $28,336 per ton in 2022, falling by -12% against the previous year. Overall, the import price, however, posted significant growth. The most prominent rate of growth was recorded in 2020 an increase of 1,292%. The import price peaked at $32,205 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($34,452 per ton), while the price for China ($10,087 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+67.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for music, printed or in manuscript, whether or not bound or illustrated amounted to $40,511 per ton, with an increase of 43% against the previous year. Over the period under review, the export price continues to indicate slight growth. Over the period under review, the average export prices attained the peak figure at $41,739 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($41,500 per ton), while the average price for exports to Canada stood at $40,464 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+27.2%).

Imports of Music, Printed or in Manuscript in the Philippines

In 2022, approx. 5.5 tons of music, printed or in manuscript, whether or not bound or illustrated were imported into the Philippines; waning by -2.2% against the previous year. Overall, imports saw a sharp curtailment.

In value terms, music, printed or in manuscript imports declined to $155K in 2022. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year.

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

1. South Korea (4.0 tons)
2. China (1.4 tons)
3. United States (0.1 tons)

Exports of Music, Printed or in Manuscript in the Philippines

For the fourth consecutive year, the Philippines recorded growth in overseas shipments of music, printed or in manuscript, whether or not bound or illustrated, which increased by 40% to 88 kg in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, music, printed or in manuscript exports surged to $3.6K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Canada (84.0 kg)
2. United Kingdom (4.0 kg)

Source: IndexBox Market Intelligence Platform