Price for Slide Fasteners and Parts Thereof in Vietnam - 2021

Price for Slide Fasteners and Parts Thereof in Vietnam (CIF) - 2021

In December 2021, the average import price for slide fasteners and parts thereoves amounted to $252 per thousand units, remaining constant against the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2021 an increase of 12% m-o-m. The import price peaked at $269 per thousand units in May 2021; however, from June 2021 to December 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was South Korea ($289 per thousand units), while the price for Indonesia ($157 per thousand units) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for slide fasteners and parts thereoves amounted to $0.1 per unit, growing by 13% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 an increase of 57%. The export price peaked at $0.2 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($0.1 per unit), while the average price for exports to Turkey (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 recorded for supplies to China (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Vietnam

In 2022, the amount of slide fasteners and parts thereoves imported into Vietnam reduced to 1.8B units, approximately mirroring the previous year. In general, imports recorded a slight contraction. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. Imports peaked at 1.9B units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, slide fasteners and parts thereof imports contracted to $422M in 2022. Over the period under review, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, imports attained the maximum at $466M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Slide Fasteners and Parts Thereof in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	178	156	199	218	7.0%
Taiwan (Chinese)	81.3	72.3	89.2	89.3	3.2%
Japan	65.2	47.7	52.8	43.9	-12.4%
South Korea	93.7	70.2	76.4	27.4	-33.6%
Hong Kong SAR	30.1	25.1	26.7	27.0	-3.6%
Indonesia	8.6	6.9	10.2	10.2	5.9%
Others	9.2	6.3	5.5	6.3	-11.9%
Total	466	385	459	422	-3.3%

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

China (1126.5M units)
Taiwan (Chinese) (235.2M units)
Japan (187.0M units)
South Korea (86.6M units)
Hong Kong SAR (71.2M units)
Indonesia (46.6M units)

Exports of Slide Fasteners and Parts Thereof in Vietnam

In 2022, overseas shipments of slide fasteners and parts thereoves decreased by -24% to 466M units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 108% against the previous year. As a result, the exports reached the peak of 613M units, and then shrank dramatically in the following year.

In value terms, slide fasteners and parts thereof exports declined to $49M in 2022. The total export value increased at an average annual rate of +3.0% 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 2021 when exports increased by 38%. As a result, the exports attained the peak of $57M, and then contracted in the following year.

Export of Slide Fasteners and Parts Thereof in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Cambodia	21.8	19.5	24.8	21.6	-0.3%
Indonesia	3.2	3.2	5.2	4.5	12.0%
China	1.3	0.9	2.9	2.7	27.6%
Bangladesh	2.6	2.2	2.7	2.4	-2.6%
South Korea	2.7	2.2	2.3	2.2	-6.6%
Myanmar	4.0	3.5	5.1	2.0	-20.6%
Thailand	1.1	1.3	2.0	1.7	15.6%
Sri Lanka	0.8	0.8	1.0	1.4	20.5%
Guatemala	0.8	0.7	1.4	1.2	14.5%
Pakistan	0.8	0.7	1.0	0.9	4.0%
India	0.7	0.6	0.9	0.9	8.7%
Philippines	0.2	0.3	0.9	0.7	51.8%
Turkey	0.4	0.2	0.3	0.5	7.7%
Others	4.6	5.0	6.9	6.8	13.9%
Total	45.1	41.4	57.3	49.3	3.0%