Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand - 2024
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand (FOB) - 2022
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand (CIF) - 2024
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $16,999 per ton in 2022, surging by 2.3% against the previous year. Over the period under review, the export price, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 40%. As a result, the export price attained the peak level of $24,566 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($32,570 per ton), while the average price for exports to the United States ($9,871 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 Bangladesh (+3.8%), 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 Thailand (CIF) - 2024
In September 2023, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $17,094 per ton, surging by 94% against the previous month. In general, the import price, however, continues to indicate a deep reduction. Over the period under review, average import prices attained the maximum at $28,022 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From January 2023 to September 2023, the rate of growth in terms of prices for China amounted to -6.7% per month.
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand
After three years of growth, shipments abroad of press-fasteners, snap-fasteners, press-studs and parts therefor decreased by -12.8% to 1.3K tons in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.3% 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 +61.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor shrank to $22M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $25M, and then declined in the following year.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.4 | 7.6 | 9.7 | 8.0 | -1.6% |
| Cambodia | 4.9 | 3.6 | 4.5 | 4.2 | -5.0% |
| United States | 0.4 | 2.2 | 3.1 | 3.0 | 95.7% |
| Vietnam | 1.2 | 1.7 | 3.4 | 2.6 | 29.4% |
| Myanmar | N/A | 1.1 | 1.7 | 1.7 | 24.3% |
| Ethiopia | 1.3 | 0.8 | 0.5 | 1.0 | -8.4% |
| Canada | 0.1 | N/A | 0.1 | 0.5 | 71.0% |
| Sri Lanka | 2.0 | 0.5 | 0.5 | 0.1 | -63.2% |
| Others | 1.8 | 1.5 | 1.6 | 1.3 | -10.3% |
| Total | 20.1 | 19.0 | 25.2 | 22.5 | 3.8% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Thailand in 2022:
- India (381.0 tons)
- United States (304.2 tons)
- Cambodia (250.2 tons)
- Vietnam (137.2 tons)
- Myanmar (94.2 tons)
- Canada (50.4 tons)
- Ethiopia (48.9 tons)
- Sri Lanka (4.3 tons)
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand
Imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Thailand expanded to 1K tons in 2022, with an increase of 1.9% on 2021 figures. The total import volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor shrank modestly to $18M in 2022. Overall, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.0 | 11.8 | 16.3 | 15.6 | -2.8% |
| Japan | 0.8 | 0.7 | 0.9 | 0.8 | 0.0% |
| Others | 1.4 | 1.8 | 0.8 | 1.5 | 2.3% |
| Total | 19.2 | 14.3 | 18.1 | 17.9 | -2.3% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Thailand in 2022:
- China (994.1 tons)
- Japan (18.2 tons)
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