Price for Slide Fasteners and Parts Thereof in Thailand - 2023

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

The average import price for slide fasteners and parts thereoves stood at $86.0 per thousand units in July 2023, increasing by 7.1% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 72% m-o-m. As a result, import price attained the peak level of $0.1 per unit. From March 2023 to July 2023, 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) ($260 per thousand units), while the price for China ($71.0 per thousand units) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In July 2023, the average export price for slide fasteners and parts thereoves amounted to $73.9 per thousand units, growing by 14% against the previous month. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in October 2022 an increase of 43% m-o-m. As a result, the export price attained the peak level of $0.1 per unit. From November 2022 to July 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 Cambodia ($258 per thousand units), while the average price for exports to Peru ($37.0 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 Philippines (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Thailand

Slide fasteners and parts thereof imports into Thailand skyrocketed to 598M units in 2022, surging by 29% compared with 2021. In general, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 66%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, slide fasteners and parts thereof imports soared to $47M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +6.2% 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 +62.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Import of Slide Fasteners and Parts Thereof in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	15.9	11.6	15.8	23.2	13.4%
Taiwan (Chinese)	6.7	4.9	6.8	7.0	1.5%
Vietnam	1.2	2.0	2.7	3.6	44.2%
Indonesia	4.6	2.9	4.6	3.5	-8.7%
Japan	4.6	3.3	3.9	3.5	-8.7%
Others	6.0	3.9	5.5	6.1	0.6%
Total	39.0	28.7	39.2	46.8	6.3%

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

China (480.4M units)
Indonesia (45.7M units)
Taiwan (Chinese) (30.3M units)
Japan (16.8M units)
Vietnam (15.7M units)

Exports of Slide Fasteners and Parts Thereof in Thailand

Slide fasteners and parts thereof exports from Thailand amounted to 175M units in 2022, remaining stable against the previous year's figure. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.4% 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 +61.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, slide fasteners and parts thereof exports rose rapidly to $20M in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 25%. 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 Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Myanmar	1.6	3.1	2.0	4.0	35.7%
Cambodia	5.3	2.7	4.0	3.4	-13.8%
Bangladesh	2.0	1.3	2.2	2.5	7.7%
Taiwan (Chinese)	1.5	1.5	1.9	1.6	2.2%
Indonesia	1.5	1.3	1.6	1.3	-4.7%
South Korea	0.9	0.8	1.2	1.2	10.1%
United States	0.8	1.0	1.0	1.1	11.2%
Peru	0.1	N/A	N/A	0.7	91.3%
United Arab Emirates	0.2	0.3	0.4	0.6	44.2%
Malaysia	0.5	0.3	0.5	0.5	0.0%
Vietnam	1.2	0.6	0.7	0.5	-25.3%
Turkey	0.2	0.1	0.1	0.3	14.5%
Philippines	0.1	0.1	0.2	0.2	26.0%
Others	2.7	2.1	3.3	2.3	-5.2%
Total	18.4	15.2	19.0	20.3	3.3%