Price for Buttons; of Plastics, Not Covered with Textile Material in Nepal - 2022
Contents:
- Price for Buttons; of Plastics, Not Covered with Textile Material in Nepal (CIF) - 2022
- Imports of Buttons; of Plastics, Not Covered with Textile Material in Nepal
Price for Buttons; of Plastics, Not Covered with Textile Material in Nepal (CIF) - 2022
In 2022, the average import price for buttons; of plastics, not covered with textile materials amounted to $6,293 per ton, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
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 China ($6,661 per ton), while the price for Bangladesh ($3,622 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Buttons; of Plastics, Not Covered with Textile Material in Nepal
Imports of buttons; of plastics, not covered with textile materials into Nepal fell rapidly to 65 tons in 2022, shrinking by -25.1% compared with the previous year's figure. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 198% against the previous year. As a result, imports reached the peak of 87 tons, and then shrank dramatically in the following year.
In value terms, imports of buttons; of plastics, not covered with textile materials contracted remarkably to $408K in 2022. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 185% against the previous year. As a result, imports attained the peak of $489K, and then fell notably in the following year.
| Import of Buttons; of Plastics, Not Covered with Textile Material in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 204 | 157 | 367 | 363 | 21.2% |
| India | 24.3 | 9.6 | 111 | 40.7 | 18.8% |
| Bangladesh | N/A | N/A | N/A | 4.5 | 0% |
| Others | 2.2 | 4.2 | 10.8 | 0.2 | -55.0% |
| Total | 231 | 171 | 489 | 408 | 20.9% |
Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to Nepal in 2022:
- China (54.5 tons)
- India (9.1 tons)
- Bangladesh (1.2 tons)
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