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

Contents:

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

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

The average import price for buttons; of plastics, not covered with textile materials stood at $2,748 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price showed a deep downturn. The pace of growth was the most pronounced in 2018 when the average import price increased by 26% against the previous year. The import price peaked at $4,609 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($26,835 per ton), while the price for China totaled $1,376 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.8%).

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

The average export price for buttons; of plastics, not covered with textile materials stood at $24,401 per ton in 2022, jumping by 61% against the previous year. In general, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2021 an increase of 199%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($47,992 per ton), while the average price for exports to Nepal ($3,900 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 Bangladesh (+21.6%), 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 India

In 2022, approx. 7.4K tons of buttons; of plastics, not covered with textile materials were imported into India; jumping by 26% against 2021. In general, imports recorded pronounced growth. The pace of growth was the most pronounced in 2021 when imports increased by 74% against the previous year. Imports peaked 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 surged to $20M in 2022. Overall, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +2.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +103.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. China (7.0K tons)
2. Hong Kong SAR (0.3K tons)

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

Exports of buttons; of plastics, not covered with textile materials from India shrank to 268 tons in 2022, which is down by -13.4% against the previous year's figure. Over the period under review, exports recorded a significant contraction.

In value terms, exports of buttons; of plastics, not covered with textile materials soared to $6.5M in 2022. Overall, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% 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 +70.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Bangladesh (99.3 tons)
2. United States (25.7 tons)
3. Sri Lanka (21.6 tons)
4. Vietnam (20.5 tons)
5. Indonesia (17.7 tons)
6. Hong Kong SAR (13.9 tons)
7. Nepal (11.1 tons)
8. Ethiopia (10.6 tons)
9. Kenya (8.8 tons)
10. France (6.9 tons)
11. Belgium (5.7 tons)
12. Mauritius (5.1 tons)
13. Tanzania (2.1 tons)

Source: IndexBox Market Intelligence Platform