Course Hero Logo

ITOD Assignment.docx - ITOD Assignment Submitted to Dr....

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 4 out of 14 pages.

ITOD AssignmentSubmitted to Dr. Areej Aftab SiddiquiGroup 14 Section BPrepared BySanjana Padore 29BSumedha Bhattacharya 44BVikas Chaturvedi 49B
HS 490110- Printed books, brochures, leaf lets and similar printed matter in single sheets,whether or not folded.IntroductionThe trade is HS Code 490110 is highly dominated by the trade in printed books followedby books and leaflets.According to a new report by Grand View Research, Inc., the global book market isestimated to be around USD 124.2 billion by 2025, with a CAGR of 0.9%.The increase in consumer demand and spending is due to increase in individualincomes over the years. Also, innovation this industry which enhances the readingexperience will be an additional factor for growth.The books industry consists of two major segments:1.Trade and other books2.Educational books.In trade books, the major genres covered are fiction, non-fiction, literature, youngchildren. The buying decision for this category of books is mostly made by theconsumers.In educational books, most of the buying decision is made by government authoritiesor school administrators. The restraining factor for growth in this segment is the factthat students have the option of renting costly books instead of buying them.Some of the key players in books market are Pearson, McGraw-Hill Publications,Penguin Random House, Hachette Livre, Thomas Reuters, Elsiever, HarperCollins,Bloomsbury, and Scholastic.Global trade in HS 490110:In 2019, the total trade value of HS 490110 was around $2333 million.The export growth or CAGR for this product from was 6% from the year 2015 to 2019.The share of HS 490110 in world trade in 2019 was 0.01% and it was 1348thmosttraded product.
India’ s trade in HS 490110India's book market (which occupies the largest chunk of trade of HS-490110) iscurrently worth Rs 261 billion.It is the sixth largest in the world and the second largest in the English-language printbook publisher with around 9000 publishers.However, the challenges in the Indian book industry are that it receives no directinvestment from the government.Other challenges are that the market is highly fragmented for the publishing andbookselling, a weak distribution system, piracy of books, long credit cycles which makeit harder to manage cash and an increase in direct costs.In 2019, the India’s trade in HS 490110 was worth $236 million which grew by 2% from$232 million in 2018.India’s export of HS 490110 formed 10.2% of the total global trade in 2019.Production PatternThe main producers of HS code 490110 are Netherlands, United Kingdom, India, United States,Germany, UAE, Belgium, Ireland, Italy and Poland.There is a huge potential in trade of HS 490110, whose export grew at the rate of 6% inthe period 2015-2019.Consumption PatternThe main consumers of HS code 490110 are United Kingdom, United States, India, France,Netherland, Germany, Russia, Italy and Mexico.

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 14 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Fall
Professor
N/A

Newly uploaded documents

Show More

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture