Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in India - 2023

Contents:

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

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

In November 2023, the average import price for slide fasteners; fitted with chain scoops of base metals amounted to $79.2 per thousand units, with a decrease of -11.1% against the previous month. In general, the import price continues to indicate a perceptible descent. The pace of growth was the most pronounced in March 2023 an increase of 252% m-o-m. As a result, import price reached the peak level of $0.3 per unit. From April 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Hong Kong SAR ($749 per thousand units), while the price for China stood at $64.0 per thousand units.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+0.3%).

Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in India (FOB) - 2023

In November 2023, the average export price for slide fasteners; fitted with chain scoops of base metals amounted to $183 per thousand units, with a decrease of -45.2% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average export price increased by 118% against the previous month. As a result, the export price reached the peak level of $0.5 per unit. From August 2023 to November 2023, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Egypt ($589 per thousand units), while the average price for exports to Germany ($116 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in India

In 2022, imports of slide fasteners; fitted with chain scoops of base metals into India soared to 138M units, picking up by 23% compared with the previous year's figure. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of slide fasteners; fitted with chain scoops of base metals surged to $21M in 2022. Overall, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.1% 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 +59.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. China (124.5M units)
2. Hong Kong SAR (5.4M units)
3. Bangladesh (2.6M units)

Exports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in India

In 2022, approx. 12M units of slide fasteners; fitted with chain scoops of base metals were exported from India; shrinking by -14% on 2021. Over the period under review, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year. As a result, the exports attained the peak of 15M units, and then reduced in the following year.

In value terms, exports of slide fasteners; fitted with chain scoops of base metals surged to $3.6M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 120%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Jordan (2.7M units)
2. Nepal (2.1M units)
3. Sri Lanka (1.9M units)
4. Bangladesh (1.6M units)
5. United States (1.2M units)
6. Germany (0.7M units)
7. Egypt (0.6M units)
8. United Arab Emirates (0.4M units)
9. Pakistan (0.1M units)

Source: IndexBox Market Intelligence Platform