Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China (FOB) - 2023
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China (CIF) - 2023
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China (FOB) - 2023
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $14,346 per ton in August 2023, with an increase of 3.6% against the previous month. Over the period under review, the export price, however, saw a slight setback. The most prominent rate of growth was recorded in February 2023 an increase of 42% m-o-m. As a result, the export price reached the peak level of $19,517 per ton. From March 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($23,165 per ton), while the average price for exports to Turkey ($2,101 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China (CIF) - 2023
The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $54,109 per ton in September 2023, jumping by 15% against the previous month. Over the last nine months, it increased at an average monthly rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($56,122 per ton), while the price for South Korea ($28,247 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China
Exports of press-fasteners, snap-fasteners, press-studs and parts therefor from China reduced to 8.7K tons in 2022, waning by -2.8% on 2021 figures. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 36%. As a result, the exports reached the peak of 8.9K tons, and then fell in the following year.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor declined modestly to $134M in 2022. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +55.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $134M, leveling off in the following year.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 6.7 | 6.4 | 11.8 | 21.1 | 46.6% |
| Bangladesh | 15.6 | 15.1 | 21.6 | 18.5 | 5.8% |
| Myanmar | 1.5 | 9.2 | 11.1 | 14.7 | 114.0% |
| Vietnam | 8.1 | 6.9 | 9.6 | 12.0 | 14.0% |
| Thailand | 15.0 | 10.3 | 15.2 | 11.9 | -7.4% |
| Hong Kong SAR | 17.1 | 12.0 | 16.7 | 9.5 | -17.8% |
| Turkey | 3.7 | 2.4 | 5.6 | 6.7 | 21.9% |
| Cambodia | 3.7 | 3.6 | 7.0 | 6.2 | 18.8% |
| Sri Lanka | 3.7 | 3.9 | 8.0 | 5.0 | 10.6% |
| Indonesia | 3.0 | 2.3 | 3.2 | 3.6 | 6.3% |
| Pakistan | 1.1 | 1.4 | 2.4 | 2.7 | 34.9% |
| Nigeria | 0.8 | 0.7 | 1.3 | 0.9 | 4.0% |
| Democratic People's Republic of Korea | 3.1 | 0.2 | N/A | N/A | -93.5% |
| Others | 13.4 | 11.9 | 20.7 | 21.1 | 16.3% |
| Total | 96.5 | 86.3 | 134 | 134 | 11.6% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from China in 2022:
- India (1765.8 tons)
- Bangladesh (1108.6 tons)
- Turkey (794.8 tons)
- Thailand (730.8 tons)
- Myanmar (660.6 tons)
- Vietnam (488.2 tons)
- Hong Kong SAR (337.5 tons)
- Sri Lanka (306.2 tons)
- Cambodia (274.9 tons)
- Pakistan (241.7 tons)
- Indonesia (181.4 tons)
- Nigeria (139.7 tons)
- Democratic People's Republic of Korea (1.4 tons)
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China
In 2022, approx. 603 tons of press-fasteners, snap-fasteners, press-studs and parts therefor were imported into China; which is down by -19.8% against 2021 figures. Overall, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports attained the peak of 752 tons, and then dropped notably in the following year.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor dropped significantly to $27M in 2022. The total import value increased at an average annual rate of +3.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of $32M, and then shrank dramatically in the following year.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 17.1 | 17.9 | 24.4 | 20.6 | 6.4% |
| Germany | 1.9 | 2.3 | 2.6 | 1.6 | -5.6% |
| South Korea | 1.3 | 0.8 | 1.2 | 1.5 | 4.9% |
| Taiwan (Chinese) | 1.2 | 1.2 | 1.5 | 1.4 | 5.3% |
| Hong Kong SAR | 1.4 | 0.9 | 1.2 | 0.8 | -17.0% |
| United States | 0.7 | 0.2 | 0.3 | 0.2 | -34.1% |
| Others | 1.2 | 1.0 | 1.3 | 1.3 | 2.7% |
| Total | 24.8 | 24.4 | 32.5 | 27.4 | 3.4% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to China in 2022:
- Japan (422.3 tons)
- South Korea (54.2 tons)
- Taiwan (Chinese) (45.0 tons)
- Germany (43.0 tons)
- Hong Kong SAR (12.6 tons)
- United States (7.1 tons)
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