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

Contents:

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

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

In 2022, the average import price for music, printed or in manuscript, whether or not bound or illustrated amounted to $41,394 per ton, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 14% against the previous year. Over the period under review, average import prices reached the maximum at $43,692 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($41,941 per ton), while the price for the UK ($32,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for music, printed or in manuscript, whether or not bound or illustrated stood at $34,369 per ton in 2022, rising by 22% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 85% against the previous year. The export price peaked at $38,786 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($26,149 per ton), while the average price for exports to Belgium ($2,000 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 UK (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Music, Printed or in Manuscript in Nepal

In 2022, the amount of music, printed or in manuscript, whether or not bound or illustrated imported into Nepal reduced sharply to 33 kg, with a decrease of -52.2% on the previous year's figure. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 393% against the previous year. As a result, imports reached the peak of 69 kg, and then declined markedly in the following year.

In value terms, music, printed or in manuscript imports fell sharply to $1.4K in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 384%. As a result, imports reached the peak of $2.8K, and then reduced markedly in the following year.

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

1. India (34.0 kg)
2. China (7.0 kg)
3. United Kingdom (1.0 kg)

Exports of Music, Printed or in Manuscript in Nepal

For the fourth consecutive year, Nepal recorded growth in shipments abroad of music, printed or in manuscript, whether or not bound or illustrated, which increased by 37% to 141 kg in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 357%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, music, printed or in manuscript exports soared to $4.8K in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 198%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

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

1. United States (67.0 kg)
2. France (15.0 kg)
3. Belgium (1.0 kg)
4. Canada (1.0 kg)

Source: IndexBox Market Intelligence Platform