Price for Music, Printed or in Manuscript in Singapore - 2022

Contents:

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

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

The average import price for music, printed or in manuscript, whether or not bound or illustrated stood at $34,380 per ton in 2022, dropping by -14.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $40,229 per ton in 2021, and then contracted in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($34,384 per ton) and the UK ($34,382 per ton), while the price for Germany ($34,366 per ton) and the Netherlands ($34,379 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for music, printed or in manuscript, whether or not bound or illustrated stood at $40,596 per ton in 2022, shrinking by -5.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2018 an increase of 21% against the previous year. The export price peaked at $42,985 per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($40,631 per ton) and Japan ($40,600 per ton), while the average price for exports to Malaysia ($40,216 per ton) and Panama ($40,528 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Music, Printed or in Manuscript in Singapore

In 2022, purchases abroad of music, printed or in manuscript, whether or not bound or illustrated was finally on the rise to reach 49 tons after two years of decline. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, music, printed or in manuscript imports soared to $1.7M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (21.2 tons)
2. United States (10.1 tons)
3. Malaysia (7.5 tons)
4. Japan (6.7 tons)
5. Netherlands (1.8 tons)
6. Germany (1.0 tons)

Exports of Music, Printed or in Manuscript in Singapore

After two years of decline, overseas shipments of music, printed or in manuscript, whether or not bound or illustrated increased by 384% to 7.9 tons in 2022. In general, exports recorded a significant increase. 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 skyrocketed to $319K in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Japan (4.6 tons)
2. Indonesia (2.6 tons)
3. Panama (0.3 tons)
4. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform