Price for Slide Fasteners and Parts Thereof in China - 2023

Price for Slide Fasteners and Parts Thereof in China (FOB) - 2023

In June 2023, the average export price for slide fasteners and parts thereoves amounted to $83.6 per thousand units, falling by -6.4% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 53% m-o-m. As a result, the export price reached the peak level of $0.1 per unit. From March 2023 to June 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Myanmar ($148 per thousand units), while the average price for exports to Turkey ($40.0 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In June 2023, the average import price for slide fasteners and parts thereoves amounted to $261 per thousand units, falling by -7.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 12% m-o-m. The import price peaked at $284 per thousand units in May 2023, and then shrank in the following month.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Vietnam ($352 per thousand units), while the price for South Korea ($112 per thousand units) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.8%), while the prices for the other major suppliers experienced a decline.

Exports of Slide Fasteners and Parts Thereof in China

In 2022, exports of slide fasteners and parts thereoves from China expanded notably to 19B units, with an increase of 11% on the previous year's figure. The total export volume increased at an average annual rate of +6.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 22%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, slide fasteners and parts thereof exports surged to $1.8B in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +57.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Export of Slide Fasteners and Parts Thereof in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	150	151	194	219	13.4%
Bangladesh	85.0	76.1	136	147	20.0%
Myanmar	34.3	78.1	88.8	125	53.9%
Cambodia	56.1	52.8	89.2	108	24.4%
Turkey	57.3	54.9	62.2	87.8	15.3%
Indonesia	65.9	47.7	66.0	81.1	7.2%
India	61.0	41.9	58.1	80.3	9.6%
Brazil	45.6	38.2	43.0	46.1	0.4%
Russia	29.2	32.2	42.0	45.9	16.3%
Pakistan	36.6	31.0	43.3	45.3	7.4%
Mexico	25.8	16.3	27.4	36.5	12.3%
Egypt	29.1	31.4	33.8	35.5	6.9%
Nigeria	27.4	16.0	27.3	27.8	0.5%
Others	549	444	591	669	6.8%
Total	1,253	1,112	1,502	1,753	11.8%

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

Turkey (1.8B units)
Vietnam (1.6B units)
Bangladesh (1.3B units)
Indonesia (1.0B units)
India (0.9B units)
Brazil (0.8B units)
Myanmar (0.8B units)
Cambodia (0.7B units)
Russia (0.7B units)
Mexico (0.6B units)
Egypt (0.6B units)
Pakistan (0.5B units)
Nigeria (0.5B units)

Imports of Slide Fasteners and Parts Thereof in China

In 2022, imports of slide fasteners and parts thereoves into China amounted to 695M units, approximately reflecting the previous year's figure. In general, imports, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports attained the maximum at 729M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, slide fasteners and parts thereof imports amounted to $185M in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Slide Fasteners and Parts Thereof in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	96.1	64.9	81.5	87.5	-3.1%
Indonesia	12.0	7.1	11.2	12.4	1.1%
Vietnam	2.0	1.5	3.4	7.2	53.3%
South Korea	4.4	2.8	3.8	3.9	-3.9%
Hong Kong SAR	15.0	N/A	N/A	N/A	0%
Taiwan (Chinese)	42.6	N/A	N/A	N/A	0%
Others	12.4	59.0	78.5	74.4	81.7%
Total	184	135	178	185	0.2%