Price for Buttons; of Plastics, Not Covered with Textile Material in China - 2023
Contents:
- Price for Buttons; of Plastics, Not Covered with Textile Material in China (FOB) - 2022
- Price for Buttons; of Plastics, Not Covered with Textile Material in China (CIF) - 2023
- Exports of Buttons; of Plastics, Not Covered with Textile Material in China
- Imports of Buttons; of Plastics, Not Covered with Textile Material in China
Price for Buttons; of Plastics, Not Covered with Textile Material in China (FOB) - 2022
In 2022, the average export price for buttons; of plastics, not covered with textile materials amounted to $8,841 per ton, with an increase of 6.5% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2013 an increase of 18%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($21,013 per ton), while the average price for exports to Malaysia ($3,695 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 Hong Kong SAR (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Buttons; of Plastics, Not Covered with Textile Material in China (CIF) - 2023
In September 2023, the average import price for buttons; of plastics, not covered with textile materials amounted to $42,954 per ton, stabilizing at the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 17% m-o-m. Over the period under review, average import prices hit record highs at $52,442 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($120K per ton), while the price for South Korea ($9,209 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.0%), while the prices for the other major suppliers experienced a decline.
Exports of Buttons; of Plastics, Not Covered with Textile Material in China
Exports of buttons; of plastics, not covered with textile materials from China surged to 29K tons in 2022, jumping by 25% compared with the year before. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% 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 +63.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of buttons; of plastics, not covered with textile materials skyrocketed to $253M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +87.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Buttons; of Plastics, Not Covered with Textile Material in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 16.5 | 21.1 | 23.5 | 29.9 | 21.9% |
| India | 24.6 | 15.1 | 24.6 | 27.1 | 3.3% |
| Hong Kong SAR | 27.2 | 16.8 | 21.2 | 24.0 | -4.1% |
| Bangladesh | 11.5 | 10.1 | 15.2 | 17.7 | 15.5% |
| Myanmar | 18.1 | 7.0 | 7.6 | 12.3 | -12.1% |
| Australia | 0.5 | 0.6 | 3.7 | 9.8 | 169.6% |
| Kyrgyzstan | 3.1 | 1.3 | 1.8 | 9.0 | 42.7% |
| Malaysia | 2.7 | 2.2 | 6.0 | 8.9 | 48.8% |
| Singapore | 0.3 | 1.4 | 1.1 | 8.3 | 202.4% |
| Indonesia | 4.4 | 4.2 | 5.6 | 7.7 | 20.5% |
| Pakistan | 4.7 | 4.4 | 3.8 | 6.3 | 10.3% |
| Nigeria | 2.1 | 2.3 | 2.8 | 4.6 | 29.9% |
| Mexico | 2.2 | 1.3 | 2.9 | 4.4 | 26.0% |
| Others | 55.9 | 46.8 | 69.5 | 82.6 | 13.9% |
| Total | 174 | 134 | 189 | 253 | 13.3% |
Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from China in 2022:
- India (4.3K tons)
- Malaysia (2.4K tons)
- Vietnam (1.9K tons)
- Kyrgyzstan (1.8K tons)
- Pakistan (1.5K tons)
- Bangladesh (1.3K tons)
- Hong Kong SAR (1.1K tons)
- Indonesia (1.0K tons)
- Australia (0.9K tons)
- Singapore (0.9K tons)
- Nigeria (0.9K tons)
- Myanmar (0.7K tons)
- Mexico (0.6K tons)
Imports of Buttons; of Plastics, Not Covered with Textile Material in China
Imports of buttons; of plastics, not covered with textile materials into China fell remarkably to 493 tons in 2022, with a decrease of -24.4% against 2021. Overall, imports continue to indicate a abrupt curtailment. The smallest decline of -1.1% was in 2021.
In value terms, imports of buttons; of plastics, not covered with textile materials reduced to $20M in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 0.7% against the previous year.
| Import of Buttons; of Plastics, Not Covered with Textile Material in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 25.5 | 15.3 | 14.6 | 13.4 | -19.3% |
| South Korea | 2.3 | 2.0 | 2.6 | 2.2 | -1.5% |
| Italy | 1.2 | 1.0 | 1.3 | 1.4 | 5.3% |
| Hong Kong SAR | 1.6 | 1.0 | 0.9 | 0.8 | -20.6% |
| Taiwan (Chinese) | 1.0 | 1.0 | 1.2 | 0.7 | -11.2% |
| Others | 1.4 | 1.4 | 1.1 | 1.6 | 4.6% |
| Total | 33.0 | 21.6 | 21.8 | 20.1 | -15.2% |
Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to China in 2022:
- Japan (212.6 tons)
- South Korea (177.9 tons)
- Hong Kong SAR (31.7 tons)
- Taiwan (Chinese) (24.8 tons)
- Italy (14.3 tons)
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