Price for Music, Printed or in Manuscript in Sri Lanka - 2021

Contents:

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

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

In 2022, the average import price for music, printed or in manuscript, whether or not bound or illustrated amounted to $25,329 per ton, declining by -15.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 139% against the previous year. The import price peaked at $53,897 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($50,344 per ton), while the price for China ($3,336 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+0.7%), while the prices for the other major suppliers experienced a decline.

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

The average export price for music, printed or in manuscript, whether or not bound or illustrated stood at $28,533 per ton in 2022, waning by -59.2% against the previous year. Over the period under review, the export price, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 300% against the previous year. As a result, the export price reached the peak level of $69,889 per ton, and then dropped notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($81,000 per ton), while the average price for exports to the United States ($1,000 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 Arab Emirates (+27.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Music, Printed or in Manuscript in Sri Lanka

In 2022, the amount of music, printed or in manuscript, whether or not bound or illustrated imported into Sri Lanka declined slightly to 1.8 tons, waning by -2.8% on the previous year. Over the period under review, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 217%. As a result, imports reached the peak of 1.8 tons, and then dropped slightly in the following year.

In value terms, music, printed or in manuscript imports dropped dramatically to $45K in 2022. Overall, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 193%. As a result, imports attained the peak of $55K, and then reduced dramatically in the following year.

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

1. United Arab Emirates (717.0 kg)
2. Singapore (647.0 kg)
3. United Kingdom (192.0 kg)
4. China (149.0 kg)
5. Denmark (65.0 kg)

Exports of Music, Printed or in Manuscript in Sri Lanka

In 2022, approx. 15 kg of music, printed or in manuscript, whether or not bound or illustrated were exported from Sri Lanka; jumping by 67% against 2021. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, music, printed or in manuscript exports declined dramatically to $428 in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 177%. As a result, the exports reached the peak of $629, and then contracted dramatically in the following year.

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

1. Australia (8.0 kg)
2. Maldives (5.0 kg)
3. United States (1.0 kg)
4. United Arab Emirates (1.0 kg)

Source: IndexBox Market Intelligence Platform