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

Contents:

1. Price for Music, Printed or in Manuscript in the UK (FOB) - 2022
2. Price for Music, Printed or in Manuscript in the UK (CIF) - 2023
3. Exports of Music, Printed or in Manuscript in the UK
4. Imports of Music, Printed or in Manuscript in the UK

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

The average export price for music, printed or in manuscript, whether or not bound or illustrated stood at $28,347 per ton in 2022, growing by 26% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($43,012 per ton), while the average price for exports to Germany ($13,379 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 United States (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Music, Printed or in Manuscript in the UK (CIF) - 2023

In June 2023, the average import price for music, printed or in manuscript, whether or not bound or illustrated amounted to $54,907 per ton, with an increase of 432% against the previous month. Over the period under review, the import price posted a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($69,790 per ton), while the price for the United States ($8,204 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Music, Printed or in Manuscript in the UK

In 2022, exports of music, printed or in manuscript, whether or not bound or illustrated from the UK shrank to 366 tons, dropping by -11.7% compared with the previous year. In general, exports continue to indicate a deep reduction. The smallest decline of -9.4% was in 2020.

In value terms, music, printed or in manuscript exports expanded sharply to $10M in 2022. Over the period under review, exports saw a abrupt descent.

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

1. Germany (111.0 tons)
2. France (60.4 tons)
3. United States (52.6 tons)
4. Netherlands (43.6 tons)
5. Hong Kong SAR (34.1 tons)
6. Singapore (17.8 tons)
7. Malaysia (11.2 tons)
8. Australia (5.6 tons)

Imports of Music, Printed or in Manuscript in the UK

In 2022, the amount of music, printed or in manuscript, whether or not bound or illustrated imported into the UK surged to 320 tons, picking up by 29% on the previous year's figure. In general, imports, however, showed a deep downturn.

In value terms, music, printed or in manuscript imports soared to $4.5M in 2022. Over the period under review, imports, however, continue to indicate a pronounced reduction.

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

1. United States (239.0 tons)
2. Germany (37.7 tons)
3. Malaysia (24.7 tons)

Source: IndexBox Market Intelligence Platform