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

Contents:

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

Price for Buttons; of Plastics, Not Covered with Textile Material in Turkey (CIF) - 2023

The average import price for buttons; of plastics, not covered with textile materials stood at $21,558 per ton in July 2023, surging by 11% against the previous month. In general, the import price saw a buoyant expansion. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 784% month-to-month. As a result, import price reached the peak level of $122K per ton. From March 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($144K per ton), while the price for China ($8,713 per ton) was amongst the lowest.

From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+17.9%), 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 Turkey (FOB) - 2022

In 2022, the average export price for buttons; of plastics, not covered with textile materials amounted to $18,337 per ton, surging by 7.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $23,758 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($47,939 per ton), while the average price for exports to Iraq ($1,576 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 Tunisia (+5.9%), 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 Turkey

In 2022, after two years of decline, there was significant growth in purchases abroad of buttons; of plastics, not covered with textile materials, when their volume increased by 102% to 391 tons. Overall, imports enjoyed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of buttons; of plastics, not covered with textile materials soared to $9.9M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (321.3 tons)
2. Italy (29.4 tons)
3. Spain (12.5 tons)
4. Germany (11.9 tons)

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

In 2022, approx. 318 tons of buttons; of plastics, not covered with textile materials were exported from Turkey; with an increase of 28% compared with the year before. Over the period under review, exports posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 75%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of buttons; of plastics, not covered with textile materials surged to $5.8M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +72.8% 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 Turkey in 2022:

1. Egypt (36.6 tons)
2. Iraq (34.2 tons)
3. Iran (30.8 tons)
4. Germany (21.8 tons)
5. Morocco (19.9 tons)
6. Bulgaria (15.9 tons)
7. Bangladesh (13.8 tons)
8. Spain (12.7 tons)
9. Russia (12.0 tons)
10. Romania (11.8 tons)
11. Tunisia (10.9 tons)
12. Turkmenistan (7.1 tons)
13. Greece (7.0 tons)

Source: IndexBox Market Intelligence Platform