Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark (CIF) - 2023
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark (CIF) - 2023
The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $42,494 per ton in August 2023, growing by 3.6% against the previous month. Overall, import price indicated noticeable growth from October 2022 to August 2023: its price increased at an average monthly rate of +3.4% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for press-fasteners, snap-fasteners, press-studs and parts therefor increased by +22.6% against June 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 189% m-o-m. Over the period under review, average import prices attained the maximum at $43,760 per ton in May 2023; however, from June 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($47,303 per ton), while the price for Taiwan (Chinese) ($9,630 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $38,469 per ton in 2022, surging by 13% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.0% 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 press-fasteners, snap-fasteners, press-studs and parts therefor increased by +52.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($76,179 per ton), while the average price for exports to Sweden ($15,019 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 Lithuania (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark
In 2022, imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Denmark fell notably to 75 tons, waning by -38.5% on 2021 figures. Overall, imports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of 122 tons, and then contracted notably in the following year.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor declined notably to $2.3M in 2022. In general, imports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2021 with an increase of 64%. As a result, imports attained the peak of $3.7M, and then reduced notably in the following year.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,533 | 1,537 | 2,248 | 1,644 | 2.4% |
| China | 250 | 210 | 393 | 178 | -10.7% |
| Sweden | 242 | 89.9 | 176 | 153 | -14.2% |
| Italy | 253 | 233 | 656 | 86.9 | -30.0% |
| Taiwan (Chinese) | 24.5 | 15.0 | 18.5 | 16.3 | -12.7% |
| Others | 138 | 160 | 188 | 204 | 13.9% |
| Total | 2,441 | 2,245 | 3,681 | 2,283 | -2.2% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Denmark in 2022:
- Germany (50.8 tons)
- Sweden (9.0 tons)
- China (6.5 tons)
- Italy (2.6 tons)
- Taiwan (Chinese) (1.2 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark
For the third year in a row, Denmark recorded decline in overseas shipments of press-fasteners, snap-fasteners, press-studs and parts therefor, which decreased by -8% to 42 tons in 2022. Over the period under review, exports recorded a abrupt shrinkage.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor rose slightly to $1.6M in 2022. Overall, exports showed a mild decrease.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 55.0 | 59.6 | 119 | 182 | 49.0% |
| India | 86.9 | 52.5 | 92.2 | 172 | 25.6% |
| Latvia | 260 | 100 | 126 | 152 | -16.4% |
| Bangladesh | 6.0 | 61.9 | 124 | 139 | 185.1% |
| Germany | 348 | 299 | 97.0 | 139 | -26.4% |
| Estonia | 177 | 110 | 205 | 131 | -9.5% |
| Serbia | 11.5 | 43.9 | 80.0 | 113 | 114.2% |
| Norway | 102 | 96.1 | 110 | 108 | 1.9% |
| Lithuania | 169 | 140 | 71.4 | 101 | -15.8% |
| Vietnam | 130 | 337 | 203 | 92.9 | -10.6% |
| Ukraine | 48.2 | 107 | 125 | 75.9 | 16.3% |
| Hungary | 15.1 | 39.5 | 81.8 | 46.3 | 45.3% |
| Sweden | 54.5 | 44.3 | 34.2 | 33.9 | -14.6% |
| Others | 224 | 116 | 75.9 | 126 | -17.5% |
| Total | 1,688 | 1,607 | 1,545 | 1,611 | -1.5% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Denmark in 2022:
- Germany (5.4 tons)
- Bangladesh (5.0 tons)
- Ukraine (4.0 tons)
- Vietnam (3.6 tons)
- India (3.2 tons)
- Latvia (3.2 tons)
- Estonia (2.6 tons)
- Serbia (2.6 tons)
- Finland (2.4 tons)
- Sweden (2.3 tons)
- Norway (2.1 tons)
- Lithuania (1.8 tons)
- Hungary (1.0 tons)
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