Price for Slide Fasteners and Parts Thereof in Hungary - 2023

Price for Slide Fasteners and Parts Thereof in Hungary (CIF) - 2022

The average import price for slide fasteners and parts thereoves stood at $0.2 per unit in 2022, falling by -7.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 64%. The import price peaked at $0.4 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($0.7 per unit), while the price for Poland (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for slide fasteners and parts thereoves stood at $523 per thousand units in June 2023, increasing by 7.1% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in December 2022 when the average export price increased by 24% against the previous month. The export price peaked at $540 per thousand units in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Turkey ($1.8 per unit), while the average price for exports to Bulgaria ($190 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 Turkey (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Hungary

For the fourth consecutive year, Hungary recorded growth in overseas purchases of slide fasteners and parts thereoves, which increased by 14% to 87M units in 2022. The total import volume increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, slide fasteners and parts thereof imports stood at $17M in 2022. Over the period under review, imports, however, showed a slight setback. The growth pace was the most rapid in 2021 with an increase of 9%. Imports peaked at $18M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Slide Fasteners and Parts Thereof in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	5.0	3.6	4.2	4.5	-3.5%
Germany	3.0	3.5	3.1	2.7	-3.5%
Austria	2.4	2.1	2.3	2.5	1.4%
China	1.6	1.2	1.1	1.2	-9.1%
France	0.7	0.6	0.8	1.0	12.6%
Belgium	1.2	0.6	0.7	0.9	-9.1%
Taiwan (Chinese)	0.9	0.5	0.5	0.8	-3.9%
Slovenia	0.6	0.4	0.5	0.7	5.3%
Vietnam	N/A	N/A	0.2	0.6	200.0%
Turkey	0.4	0.3	0.4	0.3	-9.1%
Poland	0.2	0.2	0.1	0.1	-20.6%
Others	1.7	2.0	2.3	1.8	1.9%
Total	17.8	15.0	16.4	17.1	-1.3%

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

Italy (22.5M units)
Slovenia (11.9M units)
China (11.8M units)
France (10.9M units)
Vietnam (6.6M units)
Austria (4.0M units)
Germany (3.8M units)
Taiwan (Chinese) (3.7M units)
Poland (3.5M units)
Belgium (2.1M units)
Turkey (1.6M units)

Exports of Slide Fasteners and Parts Thereof in Hungary

Slide fasteners and parts thereof exports from Hungary skyrocketed to 38M units in 2022, jumping by 16% compared with 2021. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.3% 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 +53.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, slide fasteners and parts thereof exports reached $14M in 2022. Over the period under review, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 11%. The exports peaked at $18M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Export of Slide Fasteners and Parts Thereof in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	10.3	6.4	8.4	8.7	-5.5%
Romania	0.9	1.0	0.8	0.8	-3.9%
Czech Republic	0.7	0.6	0.5	0.7	0.0%
Spain	1.0	0.4	0.5	0.6	-15.7%
Turkey	0.2	0.3	0.3	0.4	26.0%
Others	4.5	3.7	3.1	3.0	-12.6%
Total	17.5	12.4	13.7	14.2	-6.7%