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

Contents:

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

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

The average import price for music, printed or in manuscript, whether or not bound or illustrated stood at $48,475 per ton in 2022, falling by -3.8% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, music, printed or in manuscript import price decreased by -10.2% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 55% against the previous year. Over the period under review, average import prices attained the maximum at $53,954 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($77,000 per ton), while the price for Norway ($3,458 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for music, printed or in manuscript, whether or not bound or illustrated amounted to $20,484 per ton, surging by 71% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 73%. The export price peaked at $21,732 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($48,333 per ton), while the average price for exports to Canada ($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 Slovakia (+96.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Music, Printed or in Manuscript in Vietnam

In 2022, imports of music, printed or in manuscript, whether or not bound or illustrated into Vietnam shrank remarkably to 465 kg, waning by -18.1% against the previous year. Over the period under review, imports showed a significant curtailment. The pace of growth was the most pronounced in 2021 with an increase of 86%.

In value terms, music, printed or in manuscript imports declined remarkably to $23K in 2022. Overall, imports saw a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 74%.

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

1. United Kingdom (218.0 kg)
2. Norway (59.0 kg)
3. Germany (46.0 kg)
4. Netherlands (44.0 kg)
5. China (26.0 kg)
6. Japan (15.0 kg)
7. United States (13.0 kg)

Exports of Music, Printed or in Manuscript in Vietnam

In 2022, music, printed or in manuscript exports from Vietnam dropped rapidly to 31 kg, with a decrease of -34% on 2021 figures. Over the period under review, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 6.8%.

In value terms, music, printed or in manuscript exports rose markedly to $635 in 2022. Overall, exports continue to indicate a deep setback.

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

1. United States (21.0 kg)
2. Norway (4.0 kg)
3. Switzerland (3.0 kg)
4. Canada (1.0 kg)
5. Czech Republic (1.0 kg)
6. Slovakia (1.0 kg)

Source: IndexBox Market Intelligence Platform