Price for Music, Printed or in Manuscript in Hong Kong SAR - 2023

Contents:

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

Price for Music, Printed or in Manuscript in Hong Kong SAR (CIF) - 2023

The average import price for music, printed or in manuscript, whether or not bound or illustrated stood at $21,313 per ton in June 2023, which is down by -8.3% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 78% against the previous month. As a result, import price reached the peak level of $36,214 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($64,616 per ton), while the price for Malaysia ($9,144 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 Japan (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Music, Printed or in Manuscript in Hong Kong SAR (FOB) - 2022

The average export price for music, printed or in manuscript, whether or not bound or illustrated stood at $26,821 per ton in 2022, with an increase of 22% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 196% against the previous year. The export price peaked at $33,662 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($37,368 per ton), while the average price for exports to the UK amounted to $23,589 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Music, Printed or in Manuscript in Hong Kong SAR

In 2022, approx. 94 tons of music, printed or in manuscript, whether or not bound or illustrated were imported into Hong Kong SAR; which is down by -34.2% on 2021. In general, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. As a result, imports reached the peak of 143 tons, and then reduced remarkably in the following year.

In value terms, music, printed or in manuscript imports dropped remarkably to $2.2M in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of $3.2M, and then contracted markedly in the following year.

Top Suppliers of Music, Printed or in Manuscript to Hong Kong SAR in 2022:

1. United Kingdom (29.3 tons)
2. United States (28.2 tons)
3. Malaysia (13.3 tons)
4. Taiwan (Chinese) (6.8 tons)
5. Netherlands (6.6 tons)
6. Japan (4.1 tons)
7. Germany (3.4 tons)
8. China (2.1 tons)

Exports of Music, Printed or in Manuscript in Hong Kong SAR

In 2022, overseas shipments of music, printed or in manuscript, whether or not bound or illustrated decreased by -80.9% to 162 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 164%. As a result, the exports reached the peak of 4.2 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, music, printed or in manuscript exports contracted significantly to $4.3K in 2022. Overall, exports saw a precipitous contraction. The smallest decline of -4% was in 2020.

Top Export Markets for Music, Printed or in Manuscript from Hong Kong SAR in 2022:

1. United Kingdom (124.0 kg)
2. Macao SAR (38.0 kg)

Source: IndexBox Market Intelligence Platform