Price for Buttons; of Plastics, Not Covered with Textile Material in Canada - 2023

Contents:

1. Price for Buttons; of Plastics, Not Covered with Textile Material in Canada (CIF) - 2023
2. Price for Buttons; of Plastics, Not Covered with Textile Material in Canada (FOB) - 2022
3. Imports of Buttons; of Plastics, Not Covered with Textile Material in Canada
4. Exports of Buttons; of Plastics, Not Covered with Textile Material in Canada

Price for Buttons; of Plastics, Not Covered with Textile Material in Canada (CIF) - 2023

The average import price for buttons; of plastics, not covered with textile materials stood at $49,064 per ton in June 2023, standing approximately at the previous month. Over the period from November 2022 to June 2023, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in January 2023 an increase of 17% against the previous month. As a result, import price attained the peak level of $49,064 per ton; afterwards, it flattened through to June 2023.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the United States ($36,162 per ton) and Thailand ($36,162 per ton), while the price for Italy ($36,162 per ton) and Spain ($36,162 per ton) were amongst the lowest.

From November 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Buttons; of Plastics, Not Covered with Textile Material in Canada (FOB) - 2022

The average export price for buttons; of plastics, not covered with textile materials stood at $63,147 per ton in 2022, with an increase of 3.8% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for buttons; of plastics, not covered with textile materials increased by +29.0% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 47% against the previous year. As a result, the export price reached the peak level of $75,835 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Saudi Arabia ($65,583 per ton) and Indonesia ($64,871 per ton), while the average price for exports to Italy ($50,500 per ton) and Peru ($51,133 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttons; of Plastics, Not Covered with Textile Material in Canada

In 2022, overseas purchases of buttons; of plastics, not covered with textile materials were finally on the rise to reach 56 tons after two years of decline. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of buttons; of plastics, not covered with textile materials soared to $2.3M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to Canada in 2022:

1. China (29.4 tons)
2. United States (11.4 tons)
3. Italy (7.0 tons)
4. Thailand (2.9 tons)
5. Taiwan (Chinese) (2.4 tons)
6. India (0.2 tons)

Exports of Buttons; of Plastics, Not Covered with Textile Material in Canada

For the fourth year in a row, Canada recorded growth in shipments abroad of buttons; of plastics, not covered with textile materials, which increased by 7.3% to 4.1 tons in 2022. The total export volume increased at an average annual rate of +7.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 12%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of buttons; of plastics, not covered with textile materials expanded sharply to $261K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from Canada in 2022:

1. United States (1687.0 kg)
2. Indonesia (1584.0 kg)
3. Peru (383.0 kg)
4. Saudi Arabia (266.0 kg)
5. Italy (6.0 kg)

Source: IndexBox Market Intelligence Platform