Price for Slide Fasteners and Parts Thereof in India - 2023
Contents:
- Price for Slide Fasteners and Parts Thereof in India (CIF) - 2022
- Price for Slide Fasteners and Parts Thereof in India (FOB) - 2023
- Imports of Slide Fasteners and Parts Thereof in India
- Exports of Slide Fasteners and Parts Thereof in India
Price for Slide Fasteners and Parts Thereof in India (CIF) - 2022
In 2022, the average import price for slide fasteners and parts thereoves amounted to $0.1 per unit, falling by -40.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 83% against the previous year. As a result, import price attained the peak level of $0.1 per unit, and then reduced rapidly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($0.3 per unit), while the price for China (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 (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Slide Fasteners and Parts Thereof in India (FOB) - 2023
The average export price for slide fasteners and parts thereoves stood at $184 per thousand units in July 2023, with an increase of 29% against the previous month. Over the period under review, export price indicated a slight expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, slide fasteners and parts thereof export price increased by +90.8% against April 2023 indices. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 31% m-o-m. As a result, the export price reached the peak level of $0.2 per unit. From October 2022 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Jordan ($371 per thousand units), while the average price for exports to Argentina ($41.0 per thousand units) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Slide Fasteners and Parts Thereof in India
In 2022, overseas purchases of slide fasteners and parts thereoves were finally on the rise to reach 1.1B units after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at 1.2B units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, slide fasteners and parts thereof imports skyrocketed to $78M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +5.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 39%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Slide Fasteners and Parts Thereof in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 35.3 | 25.8 | 34.1 | 44.0 | 7.6% |
| Japan | 8.6 | 4.5 | 10.8 | 10.5 | 6.9% |
| Hong Kong SAR | 11.2 | 8.5 | 10.1 | 9.2 | -6.3% |
| Indonesia | 2.9 | 1.2 | 2.3 | 3.8 | 9.4% |
| Taiwan (Chinese) | 1.8 | 2.3 | 2.3 | 3.6 | 26.0% |
| Vietnam | 0.8 | 0.9 | 1.3 | 2.4 | 44.2% |
| Others | 6.0 | 3.1 | 3.6 | 4.5 | -9.1% |
| Total | 66.6 | 46.4 | 64.5 | 78.1 | 5.5% |
Top Suppliers of Slide Fasteners and Parts Thereof to India in 2022:
- China (934.3M units)
- Indonesia (60.6M units)
- Japan (49.8M units)
- Vietnam (27.8M units)
- Hong Kong SAR (27.1M units)
- Taiwan (Chinese) (26.5M units)
Exports of Slide Fasteners and Parts Thereof in India
In 2022, slide fasteners and parts thereof exports from India soared to 205M units, with an increase of 28% against 2021. Over the period under review, exports, however, saw a perceptible reduction. Over the period under review, the exports attained the peak figure at 225M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, slide fasteners and parts thereof exports skyrocketed to $28M in 2022. Overall, exports, however, showed a pronounced slump. The exports peaked at $30M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Slide Fasteners and Parts Thereof in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 10.9 | 6.2 | 7.6 | 9.9 | -3.2% |
| Jordan | 4.0 | 1.6 | 2.6 | 4.5 | 4.0% |
| United States | 0.5 | 1.2 | 2.1 | 3.1 | 83.7% |
| Sri Lanka | 2.9 | 2.3 | 2.8 | 2.2 | -8.8% |
| China | 0.2 | N/A | 0.1 | 1.4 | 91.3% |
| Nepal | 0.6 | 0.4 | 0.8 | 1.0 | 18.6% |
| Vietnam | 2.1 | 1.7 | 0.8 | 1.0 | -21.9% |
| Egypt | 1.0 | 0.6 | 1.1 | 0.8 | -7.2% |
| United Arab Emirates | 0.4 | 0.2 | 0.3 | 0.8 | 26.0% |
| Russia | 0.1 | 0.1 | 0.3 | 0.7 | 91.3% |
| Peru | 0.3 | 0.3 | 0.1 | 0.5 | 18.6% |
| Argentina | 0.3 | 0.5 | 0.6 | 0.5 | 18.6% |
| Pakistan | 4.2 | N/A | N/A | N/A | 0% |
| Others | 2.9 | 3.0 | 2.4 | 2.3 | -7.4% |
| Total | 30.3 | 18.2 | 21.7 | 28.5 | -2.0% |
Top Export Markets for Slide Fasteners and Parts Thereof from India in 2022:
- Bangladesh (65.3M units)
- Nepal (25.2M units)
- United States (13.8M units)
- Jordan (12.8M units)
- United Arab Emirates (12.0M units)
- Sri Lanka (10.3M units)
- Peru (8.0M units)
- Argentina (7.8M units)
- China (7.3M units)
- Russia (6.1M units)
- Vietnam (4.6M units)
- Egypt (3.2M units)
- Pakistan (0.1M units)
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