Price for Buttons; of Plastics, Not Covered with Textile Material in Sri Lanka - 2022

Contents:

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

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

In 2022, the average import price for buttons; of plastics, not covered with textile materials amounted to $38,647 per ton, rising by 32% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for buttons; of plastics, not covered with textile materials increased by +64.7% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 35%. The import price peaked in 2022 and is expected to retain 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 Italy ($148,208 per ton), while the price for Indonesia ($3,140 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for buttons; of plastics, not covered with textile materials stood at $32,399 per ton in 2022, surging by 8.5% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +94.3% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 60% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($56,663 per ton), while the average price for exports to Ethiopia ($14,773 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 Madagascar (+15.3%), 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 Sri Lanka

In 2022, approx. 180 tons of buttons; of plastics, not covered with textile materials were imported into Sri Lanka; with an increase of 7% compared with 2021. Over the period under review, imports, however, saw a perceptible decline.

In value terms, imports of buttons; of plastics, not covered with textile materials surged to $7M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +71.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (93.3 tons)
2. Hong Kong SAR (45.6 tons)
3. India (22.2 tons)
4. Indonesia (6.2 tons)
5. Italy (4.2 tons)
6. Vietnam (3.1 tons)

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

In 2022, exports of buttons; of plastics, not covered with textile materials from Sri Lanka surged to 34 tons, growing by 33% against 2021. In general, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of buttons; of plastics, not covered with textile materials soared to $1.1M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 179% 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 the immediate term.

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

1. Bangladesh (9.6 tons)
2. Ethiopia (6.8 tons)
3. Vietnam (5.4 tons)
4. Madagascar (4.6 tons)
5. India (3.8 tons)
6. Ghana (1.2 tons)
7. Taiwan (Chinese) (1.0 tons)
8. Indonesia (0.7 tons)
9. Pakistan (0.4 tons)

Source: IndexBox Market Intelligence Platform