Price for Slide Fasteners and Parts Thereof in Singapore - 2022

Contents:

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

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

In September 2022, the average import price for slide fasteners and parts thereoves amounted to $156 per thousand units, reducing by -7% against the previous month. Over the period under review, the import price continues to indicate a mild slump. The pace of growth appeared the most rapid in June 2022 when the average import price increased by 39% month-to-month. As a result, import price attained the peak level of $0.3 per unit. From July 2022 to September 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($352 per thousand units), while the price for China ($109 per thousand units) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for slide fasteners and parts thereoves stood at $169 per thousand units in September 2022, falling by -36.9% against the previous month. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 21% month-to-month. Over the period under review, the average export prices attained the peak figure at $413 per thousand units in June 2022; however, from July 2022 to September 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United Arab Emirates ($2.1 per unit), while the average price for exports to Peru ($32.0 per thousand units) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+441.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Singapore

In 2022, approx. 39M units of slide fasteners and parts thereoves were imported into Singapore; falling by -30.5% compared with the previous year's figure. In general, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +2.3% 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 +16.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 68%. As a result, imports reached the peak of 57M units, and then declined remarkably in the following year.

In value terms, slide fasteners and parts thereof imports shrank notably to $7.5M in 2022. Over the period under review, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. As a result, imports reached the peak of $10M, and then declined notably in the following year.

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

1. China (24.7M units)
2. Malaysia (3.7M units)
3. Vietnam (3.5M units)
4. Taiwan (Chinese) (1.7M units)
5. Indonesia (1.6M units)
6. Japan (1.6M units)
7. United States (1.0M units)

Exports of Slide Fasteners and Parts Thereof in Singapore

In 2022, the amount of slide fasteners and parts thereoves exported from Singapore contracted remarkably to 19M units, falling by -24.8% on the previous year. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports hit record highs at 27M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, slide fasteners and parts thereof exports declined slightly to $5.7M in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 4.2% against the previous year. The exports peaked at $9.1M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

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

1. Malaysia (4.4M units)
2. Spain (2.7M units)
3. Indonesia (2.6M units)
4. United States (1.9M units)
5. Israel (1.0M units)
6. Australia (0.8M units)
7. Saudi Arabia (0.7M units)
8. India (0.6M units)
9. Cambodia (0.6M units)
10. Djibouti (0.5M units)
11. Pakistan (0.4M units)
12. United Arab Emirates (0.4M units)
13. Philippines (0.3M units)

Source: IndexBox Market Intelligence Platform