Price for Slide Fasteners and Parts Thereof in Australia - 2023

Contents:

1. Price for Slide Fasteners and Parts Thereof in Australia (CIF) - 2023
2. Price for Slide Fasteners and Parts Thereof in Australia (FOB) - 2022
3. Imports of Slide Fasteners and Parts Thereof in Australia
4. Exports of Slide Fasteners and Parts Thereof in Australia

Price for Slide Fasteners and Parts Thereof in Australia (CIF) - 2023

The average import price for slide fasteners and parts thereoves stood at $252 per thousand units in July 2023, falling by -8% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 570% month-to-month. As a result, import price reached the peak level of $1.6 per unit. From May 2023 to July 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Italy ($345 per thousand units), while the price for Japan ($181 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Slide Fasteners and Parts Thereof in Australia (FOB) - 2022

In 2022, the average export price for slide fasteners and parts thereoves amounted to $0.3 per unit, jumping by 20% against the previous year. Overall, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 369% against the previous year. The export price peaked at $0.4 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Lao People's Democratic Republic ($0.4 per unit), while the average price for exports to the United States ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Australia

Slide fasteners and parts thereof imports into Australia was estimated at 13M units in 2022, with an increase of 10% compared with the year before. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, slide fasteners and parts thereof imports rose remarkably to $3.2M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 13%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Slide Fasteners and Parts Thereof to Australia in 2022:

1. China (4.6M units)
2. Taiwan (Chinese) (4.2M units)
3. Japan (1.7M units)
4. Vietnam (1.0M units)
5. United States (0.6M units)
6. Indonesia (0.3M units)
7. Belgium (0.3M units)

Exports of Slide Fasteners and Parts Thereof in Australia

In 2022, approx. 2.3M units of slide fasteners and parts thereoves were exported from Australia; which is down by -61.3% on 2021. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 93% against the previous year. As a result, the exports attained the peak of 5.9M units, and then shrank significantly in the following year.

In value terms, slide fasteners and parts thereof exports contracted markedly to $757K in 2022. In general, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports attained the peak of $1.6M, and then shrank notably in the following year.

Top Export Markets for Slide Fasteners and Parts Thereof from Australia in 2022:

1. New Zealand (1273.8K units)
2. United States (474.8K units)
3. Fiji (246.4K units)
4. Malaysia (129.5K units)
5. Lao People's Democratic Republic (35.5K units)
6. Papua New Guinea (5.3K units)

Source: IndexBox Market Intelligence Platform