Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR (FOB) - 2023
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR (CIF) - 2023
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR (FOB) - 2023
In August 2023, the average export price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $28,362 per ton, reducing by -9% against the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 15% m-o-m. The export price peaked at $35,367 per ton in January 2023; however, from February 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($54,597 per ton), while the average price for exports to Indonesia ($14,129 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.9%), 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 Hong Kong SAR (CIF) - 2023
In August 2023, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $26,556 per ton, with a decrease of -4.7% against the previous month. Over the last nine months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 24% m-o-m. Over the period under review, average import prices hit record highs at $27,870 per ton in July 2023, and then fell modestly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($38,006 per ton), while the price for China ($19,951 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR
In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor exported from Hong Kong SAR dropped remarkably to 3K tons, with a decrease of -24% against 2021 figures. Over the period under review, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports attained the peak of 4K tons, and then dropped markedly in the following year.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor reduced to $93M in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, the exports attained the peak of $106M, and then shrank in the following year.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 23.0 | 18.5 | 27.1 | 28.3 | 7.2% |
| Bangladesh | 17.8 | 14.8 | 19.8 | 15.1 | -5.3% |
| India | 12.3 | 9.5 | 13.3 | 10.4 | -5.4% |
| Sri Lanka | 5.1 | 4.8 | 8.5 | 6.3 | 7.3% |
| China | 9.2 | 6.9 | 7.2 | 5.5 | -15.8% |
| Indonesia | 4.7 | 3.2 | 4.3 | 4.9 | 1.4% |
| Cambodia | 4.3 | 5.2 | 5.1 | 4.9 | 4.5% |
| Pakistan | 2.2 | 1.8 | 2.7 | 1.8 | -6.5% |
| Lao People's Democratic Republic | 3.0 | 2.7 | 4.0 | 1.6 | -18.9% |
| Myanmar | N/A | N/A | N/A | 1.6 | 0% |
| United States | 1.5 | 1.2 | 1.8 | 0.9 | -15.7% |
| Others | 11.8 | 8.8 | 11.8 | 11.6 | -0.6% |
| Total | 94.8 | 77.4 | 106 | 92.9 | -0.7% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Hong Kong SAR in 2022:
- Vietnam (695.5 tons)
- Bangladesh (661.3 tons)
- India (435.5 tons)
- Sri Lanka (218.6 tons)
- Cambodia (185.9 tons)
- China (134.6 tons)
- Indonesia (124.9 tons)
- Myanmar (67.3 tons)
- Pakistan (63.3 tons)
- United States (59.3 tons)
- Lao People's Democratic Republic (43.5 tons)
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR
In 2022, imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Hong Kong SAR contracted sharply to 986 tons, declining by -47.1% against 2021. Overall, imports recorded a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 26%.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor dropped notably to $19M in 2022. Over the period under review, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 24%.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.6 | 15.1 | 19.7 | 10.8 | -21.8% |
| Japan | 4.7 | 4.2 | 5.1 | 2.8 | -15.9% |
| United States | 1.1 | 1.2 | 1.7 | 1.8 | 17.8% |
| Germany | 4.6 | 3.1 | 3.0 | 1.8 | -26.9% |
| Others | 3.3 | 2.6 | 3.0 | 1.9 | -16.8% |
| Total | 36.3 | 26.1 | 32.5 | 19.0 | -19.4% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Hong Kong SAR in 2022:
- China (745.1 tons)
- United States (89.7 tons)
- Germany (63.5 tons)
- Japan (52.3 tons)
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