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

Contents:

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

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

The average import price for buttons; of plastics, not covered with textile materials stood at $8,172 per ton in 2022, which is down by -4.7% against the previous year. In general, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 12% against the previous year. The import price peaked at $19,870 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 Hong Kong SAR ($49,915 per ton), while the price for El Salvador ($2,212 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.0%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for buttons; of plastics, not covered with textile materials amounted to $35,091 per ton, growing by 18% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 +71.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 45%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nicaragua ($54,469 per ton), while the average price for exports to the United States ($30,043 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 Nicaragua (+16.1%), 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 Guatemala

In 2022, imports of buttons; of plastics, not covered with textile materials into Guatemala surged to 130 tons, rising by 29% against the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 54%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, imports of buttons; of plastics, not covered with textile materials skyrocketed to $1.1M in 2022. Over the period under review, imports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year.

Import of Buttons; of Plastics, Not Covered with Textile Material in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China17784.025654545.5%
Hong Kong SAR576351375201-29.6%
United States32692.095.6154-22.1%
South Korea44.679.565.175.419.1%
Honduras24.5N/A7.14.7-42.3%
El Salvador7.520.91.30.9-50.7%
Others54.124.064.083.115.4%
Total1,2116528641,064-4.2%

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

  1. China (99.0 tons)
  2. United States (20.8 tons)
  3. Hong Kong SAR (4.0 tons)
  4. South Korea (3.2 tons)
  5. Honduras (0.9 tons)
  6. El Salvador (0.4 tons)

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

In 2022, approx. 19 tons of buttons; of plastics, not covered with textile materials were exported from Guatemala; shrinking by -26.2% against 2021 figures. Over the period under review, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports attained the peak of 26 tons, and then fell sharply in the following year.

In value terms, exports of buttons; of plastics, not covered with textile materials fell to $660K in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. As a result, the exports attained the peak of $758K, and then reduced in the following year.

Export of Buttons; of Plastics, Not Covered with Textile Material in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
El Salvador389337413375-1.2%
Honduras99.344.115914914.5%
Nicaragua51.828.911.372.411.8%
Costa Rica22.418.230.640.521.8%
United States0.30.84.611.1233.2%
Sri LankaN/AN/A124N/A0%
Others5.32.915.312.834.2%
Total5684327586605.1%

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

  1. El Salvador (11.0 tons)
  2. Honduras (4.7 tons)
  3. Nicaragua (1.3 tons)
  4. Costa Rica (1.1 tons)
  5. United States (0.4 tons)

Source: IndexBox Market Intelligence Platform

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