Price for Music, Printed or in Manuscript in South Korea - 2022

Contents:

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

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

The average import price for music, printed or in manuscript, whether or not bound or illustrated stood at $55,820 per ton in December 2022, rising by 6.4% against the previous month. Overall, import price indicated a mild expansion from December 2021 to December 2022: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, music, printed or in manuscript import price increased by +140.8% against October 2022 indices. The pace of growth was the most pronounced in November 2022 an increase of 126% month-to-month. Over the period under review, average import prices hit record highs in December 2022.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($68,687 per ton), while the price for Poland ($33,962 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for music, printed or in manuscript, whether or not bound or illustrated stood at $25,312 per ton in 2022, increasing by 55% against the previous year. In general, the export price, however, saw a pronounced decrease. The growth pace was the most rapid in 2018 an increase of 67% against the previous year. The export price peaked at $31,171 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($33,730 per ton), while the average price for exports to Peru ($310 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 Philippines (+38.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Music, Printed or in Manuscript in South Korea

Music, printed or in manuscript imports into South Korea dropped to 49 tons in 2022, which is down by -7.3% against the year before. In general, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +4.5% 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 +52.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports reached the peak of 53 tons, and then reduced in the following year.

In value terms, music, printed or in manuscript imports contracted significantly to $1.5M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, imports attained the peak of $1.8M, and then contracted dramatically in the following year.

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

1. Germany (22.2 tons)
2. United States (16.5 tons)
3. China (4.5 tons)
4. Netherlands (1.6 tons)
5. Japan (1.5 tons)
6. United Kingdom (1.4 tons)

Exports of Music, Printed or in Manuscript in South Korea

In 2022, approx. 60 tons of music, printed or in manuscript, whether or not bound or illustrated were exported from South Korea; surging by 4.7% on 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 155% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, music, printed or in manuscript exports soared to $1.5M in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 153% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. Philippines (36.0 tons)
2. Japan (8.6 tons)
3. Peru (3.8 tons)
4. United States (3.7 tons)
5. Germany (2.6 tons)
6. Chile (1.3 tons)
7. Spain (1.3 tons)
8. Colombia (1.2 tons)

Source: IndexBox Market Intelligence Platform