Price for Music, Printed or in Manuscript in Pakistan - 2023

Contents:

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

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

In 2022, the average import price for music, printed or in manuscript, whether or not bound or illustrated amounted to $4,167 per ton, waning by -36.9% against the previous year. Over the period under review, the import price showed a precipitous decline. The most prominent rate of growth was recorded in 2021 an increase of 106% against the previous year. Over the period under review, average import prices hit record highs at $38,786 per ton in 2012; however, from 2013 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 South Korea ($10,000 per ton), while the price for 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 attained by the United Arab Emirates (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for music, printed or in manuscript, whether or not bound or illustrated amounted to $23,400 per ton, reducing by -41.5% against the previous year. Overall, the export price, however, posted measured growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 214% against the previous year. As a result, the export price reached the peak level of $40,000 per ton, and then declined notably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($25,875 per ton), while the average price for exports to Germany totaled $13,500 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+52.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Music, Printed or in Manuscript in Pakistan

For the fourth year in a row, Pakistan recorded growth in purchases abroad of music, printed or in manuscript, whether or not bound or illustrated, which increased by 20% to 6 kg in 2022. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. 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 reduced markedly to $25 in 2022. In general, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 106%. As a result, imports reached the peak of $33, and then shrank significantly in the following year.

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

1. Turkey (1.0 kg)
2. United States (1.0 kg)
3. United Arab Emirates (1.0 kg)
4. United Kingdom (1.0 kg)
5. China (1.0 kg)
6. South Korea (1.0 kg)

Exports of Music, Printed or in Manuscript in Pakistan

In 2022, the amount of music, printed or in manuscript, whether or not bound or illustrated exported from Pakistan surged to 10 kg, with an increase of 67% compared with the previous year. Over the period under review, exports, however, saw a abrupt descent.

In value terms, music, printed or in manuscript exports reduced modestly to $234 in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 4.8% against the previous year.

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

1. Canada (8.0 kg)
2. Germany (2.0 kg)

Source: IndexBox Market Intelligence Platform