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

Contents:

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

Price for Buttons; of Plastics, Not Covered with Textile Material in South Africa (FOB) - 2023

The average export price for buttons; of plastics, not covered with textile materials stood at $16,780 per ton in July 2023, picking up by 18% against the previous month. Over the period under review, the export price posted buoyant growth. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 377% m-o-m. The export price peaked at $23,442 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Swaziland ($19,363 per ton), while the average price for exports to Mozambique ($11,406 per ton) was amongst the lowest.

From December 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lesotho (+42.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for buttons; of plastics, not covered with textile materials stood at $6,560 per ton in 2022, waning by -9.5% against the previous year. Overall, the import price showed a slight setback. The pace of growth was the most pronounced in 2018 when the average import price increased by 30%. Over the period under review, average import prices attained the peak figure at $9,483 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Mauritius ($23,647 per ton), while the price for Swaziland ($2,768 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mauritius (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of buttons; of plastics, not covered with textile materials exported from South Africa amounted to 93 tons, picking up by 1.5% compared with 2021 figures. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +7.8% 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 +71.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 69% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of buttons; of plastics, not covered with textile materials skyrocketed to $1.3M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 +104.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Swaziland (54.7 tons)
2. Lesotho (28.6 tons)
3. Mozambique (7.9 tons)

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

In 2022, supplies from abroad of buttons; of plastics, not covered with textile materials increased by 70% to 125 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a deep reduction.

In value terms, imports of buttons; of plastics, not covered with textile materials soared to $817K in 2022. Overall, imports, however, recorded a deep downturn.

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

1. China (92.1 tons)
2. Mauritius (6.9 tons)
3. Swaziland (3.4 tons)
4. Egypt (2.4 tons)

Source: IndexBox Market Intelligence Platform