Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic (CIF) - 2023
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic (CIF) - 2023
The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $37,538 per ton in March 2023, surging by 177% against the previous month. Over the period under review, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 293% against the previous month. The import price peaked at $65,391 per ton in December 2022; however, from January 2023 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($70,158 per ton), while the price for Colombia ($20,639 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by China (+27.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $28,718 per ton in 2022, growing by 22% against the previous year. In general, the export price saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 81%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.
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 Haiti ($30,388 per ton), while the average price for exports to the United States stood at $17,767 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.1%), 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 the Dominican Republic
Imports of press-fasteners, snap-fasteners, press-studs and parts therefor into the Dominican Republic dropped sharply to 116 tons in 2022, falling by -15.5% on 2021. In general, imports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 44%.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor shrank remarkably to $2M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 91%. As a result, imports reached the peak of $2.6M, and then contracted notably in the following year.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,655 | 1,047 | 1,642 | 1,669 | 0.3% |
| China | 70.9 | 73.0 | 185 | 239 | 49.9% |
| Honduras | 136 | 146 | 395 | 10.9 | -56.9% |
| Japan | 12.0 | 20.4 | 3.5 | N/A | -46.0% |
| Others | 92.6 | 47.0 | 325 | 50.5 | -18.3% |
| Total | 1,966 | 1,334 | 2,551 | 1,970 | 0.1% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to the Dominican Republic in 2022:
- United States (75.3 tons)
- China (39.5 tons)
- Honduras (0.5 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic
After three years of growth, overseas shipments of press-fasteners, snap-fasteners, press-studs and parts therefor decreased by -92.8% to 2.1 tons in 2022. In general, exports faced a dramatic decline. The growth pace was the most rapid in 2020 when exports increased by 69% against the previous year.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor shrank markedly to $61K in 2022. Over the period under review, exports faced a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 145% against the previous year. As a result, the exports attained the peak of $691K, and then dropped rapidly in the following year.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Haiti | 172 | 259 | 679 | 53.4 | -32.3% |
| United States | 3.5 | 0.2 | 11.2 | 5.9 | 19.0% |
| Trinidad and Tobago | 19.2 | N/A | 0.7 | 0.7 | -66.8% |
| Cambodia | N/A | 20.5 | N/A | N/A | 0% |
| Honduras | 47.1 | N/A | N/A | N/A | 0% |
| Others | 12.6 | 2.9 | 0.1 | 0.6 | -63.8% |
| Total | 254 | 282 | 691 | 60.5 | -38.0% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from the Dominican Republic in 2022:
- Haiti (1757.0 kg)
- United States (330.0 kg)
- Trinidad and Tobago (20.0 kg)
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