Price for Slide Fasteners and Parts Thereof in South Africa - 2023

Contents:

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

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

In 2022, the average import price for slide fasteners and parts thereoves amounted to $67 per thousand units, reducing by -6.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 22% against the previous year. The import price peaked at $78 per thousand units in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Swaziland ($131 per thousand units), while the price for China totaled $38 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+1.3%).

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

The average export price for slide fasteners and parts thereoves stood at $0.1 per unit in 2022, with an increase of 2.1% against the previous year. Overall, the export price enjoyed a measured increase. The pace of growth was the most pronounced in 2016 an increase of 67%. Over the period under review, the average export prices attained the peak figure at $0.2 per unit in 2017; however, from 2018 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 Zimbabwe ($0.2 per unit), while the average price for exports to Namibia ($0.1 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 Zimbabwe (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in South Africa

Slide fasteners and parts thereof imports into South Africa amounted to 144M units in 2022, with an increase of 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, slide fasteners and parts thereof imports rose markedly to $9.7M in 2022. The total import value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 40%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. China (99.1M units)
2. Swaziland (42.5M units)

Exports of Slide Fasteners and Parts Thereof in South Africa

In 2022, overseas shipments of slide fasteners and parts thereoves increased by 0.3% to 31M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a pronounced decrease. Over the period under review, the exports hit record highs at 34M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, slide fasteners and parts thereof exports expanded slightly to $3.9M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

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

1. Lesotho (15.7M units)
2. Swaziland (7.5M units)
3. Botswana (2.6M units)
4. Namibia (2.3M units)
5. Mozambique (0.8M units)
6. Zimbabwe (0.7M units)

Source: IndexBox Market Intelligence Platform