Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR - 2023

Contents:

  1. Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR (FOB) - 2022
  2. Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR (CIF) - 2023
  3. Exports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR
  4. Imports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR

Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR (FOB) - 2022

The average export price for slide fasteners; fitted with chain scoops of base metals stood at $0.5 per unit in 2022, increasing by 6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2019 an increase of 12%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($0.7 per unit), while the average price for exports to China ($0.3 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 Sri Lanka (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for slide fasteners; fitted with chain scoops of base metals amounted to $258 per thousand units, reducing by -6.9% against the previous month. Overall, the import price continues to indicate a mild reduction. The growth pace was the most rapid in December 2022 when the average import price increased by 30% m-o-m. As a result, import price reached the peak level of $0.4 per unit. From January 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($683 per thousand units), while the price for China ($241 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.3%), while the prices for the other major suppliers experienced a decline.

Exports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR

Exports of slide fasteners; fitted with chain scoops of base metals from Hong Kong SAR fell sharply to 112M units in 2022, with a decrease of -21.9% on 2021. In general, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. The exports peaked at 222M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of slide fasteners; fitted with chain scoops of base metals shrank rapidly to $51M in 2022. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 21% against the previous year. Over the period under review, the exports of attained the maximum at $86M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam20.012.712.611.2-17.6%
Cambodia8.66.39.17.0-6.6%
China19.19.37.15.6-33.6%
Bangladesh8.05.16.04.6-16.8%
Indonesia5.42.64.83.6-12.6%
India4.23.23.33.3-7.7%
Philippines4.71.63.62.4-20.1%
Sri Lanka1.60.92.02.312.9%
Pakistan2.01.42.21.3-13.4%
Madagascar0.90.91.00.7-8.0%
MyanmarN/AN/AN/A0.70%
Jordan2.01.21.60.5-37.0%
Others9.85.27.57.3-9.4%
Total86.350.460.950.7-16.2%

Top Export Markets for Slide Fasteners; Fitted with Chain Scoops of Base Metal from Hong Kong SAR in 2022:

  1. Vietnam (21.9M units)
  2. Cambodia (18.1M units)
  3. China (17.5M units)
  4. Bangladesh (12.2M units)
  5. Indonesia (9.9M units)
  6. India (5.9M units)
  7. Philippines (4.8M units)
  8. Pakistan (3.9M units)
  9. Sri Lanka (3.5M units)
  10. Madagascar (1.8M units)
  11. Myanmar (1.7M units)
  12. Jordan (1.0M units)

Imports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR

Imports of slide fasteners; fitted with chain scoops of base metals into Hong Kong SAR contracted significantly to 96M units in 2022, shrinking by -31.7% on the previous year. In general, imports recorded a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports of hit record highs at 199M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of slide fasteners; fitted with chain scoops of base metals declined significantly to $26M in 2022. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 60% against the previous year. As a result, imports attained the peak of $38M, and then dropped significantly in the following year.

Import of Slide Fasteners; Fitted with Chain Scoops of Base Metal in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China25.619.634.522.2-4.6%
Taiwan (Chinese)3.41.61.31.3-27.4%
Japan2.81.31.21.1-26.8%
Vietnam0.10.20.10.681.7%
Others3.41.21.20.4-51.0%
Total35.323.838.225.6-10.2%

Top Suppliers of Slide Fasteners; Fitted with Chain Scoops of Base Metal to Hong Kong SAR in 2022:

  1. China (86.8M units)
  2. Taiwan (Chinese) (4.5M units)
  3. Vietnam (2.3M units)
  4. Japan (1.8M units)

Source: IndexBox Market Intelligence Platform

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