Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Pakistan - 2023

Contents:

1. Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Pakistan (CIF) - 2023
2. Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Pakistan (FOB) - 2022
3. Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Pakistan
4. Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Pakistan

Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Pakistan (CIF) - 2023

In February 2023, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $5,266 per ton, picking up by 21% against the previous month. In general, import price indicated a buoyant increase from July 2022 to February 2023: its price increased at an average monthly rate of +7.5% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, import price for press-fasteners, snap-fasteners, press-studs and parts therefor decreased by -4.3% against December 2022 indices. The most prominent rate of growth was recorded in November 2022 an increase of 71% against the previous month. The import price peaked at $5,500 per ton in December 2022; however, from January 2023 to February 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In February 2023, the country with the highest price was Taiwan (Chinese) ($5,429 per ton), while the price for China totaled $5,081 per ton.

From July 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Japan (+19.2%), 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 Pakistan (FOB) - 2022

In 2022, the average export price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $22,174 per ton, dropping by -39.8% against the previous year. Overall, the export price saw a noticeable decline. The most prominent rate of growth was recorded in 2021 an increase of 256% against the previous year. The export price peaked at $39,574 per ton in 2018; however, from 2019 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 Australia ($49,923 per ton), while the average price for exports to France ($4,286 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.4%), 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 Pakistan

In 2022, approx. 143 tons of press-fasteners, snap-fasteners, press-studs and parts therefor were imported into Pakistan; growing by 13% against the year before. Over the period under review, imports posted strong growth. The growth pace was the most rapid in 2021 when imports increased by 112% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor expanded rapidly to $4M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Pakistan in 2022:

1. Taiwan (Chinese) (66.5 tons)
2. China (57.3 tons)
3. Japan (10.4 tons)
4. Italy (5.2 tons)

Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Pakistan

In 2022, approx. 982 kg of press-fasteners, snap-fasteners, press-studs and parts therefor were exported from Pakistan; with a decrease of -36.7% compared with the year before. Overall, exports, however, continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2021 with an increase of 12,833%. As a result, the exports attained the peak of 1.6 tons, and then fell significantly in the following year.

In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor declined sharply to $22K in 2022. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 46,003%. As a result, the exports reached the peak of $57K, and then contracted remarkably in the following year.

Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Pakistan in 2022:

1. United States (432.0 kg)
2. Sweden (250.0 kg)
3. United Arab Emirates (198.0 kg)
4. United Kingdom (41.0 kg)
5. France (35.0 kg)
6. Australia (26.0 kg)

Source: IndexBox Market Intelligence Platform