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

Contents:

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

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

The average import price for slide fasteners; fitted with chain scoops of base metals stood at $688 per thousand units in December 2023, jumping by 24% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 75% against the previous month. As a result, import price reached the peak level of $1.0 per unit. From July 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Switzerland ($3.1 per unit), while the price for Japan ($300 per thousand units) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in the UK (FOB) - 2022

In 2022, the average export price for slide fasteners; fitted with chain scoops of base metals amounted to $2.1 per unit, jumping by 53% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 98% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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 Thailand ($6.5 per unit), while the average price for exports to Hungary ($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 Finland (+12.4%), 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 the UK

In 2022, after three years of growth, there was significant decline in purchases abroad of slide fasteners; fitted with chain scoops of base metals, when their volume decreased by -26.3% to 9.8M units. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 31%. Over the period under review, imports of attained the peak figure at 13M units in 2021, and then reduced sharply in the following year.

In value terms, imports of slide fasteners; fitted with chain scoops of base metals reduced sharply to $4.4M in 2022. Over the period under review, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 +13.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of $6.3M, and then dropped significantly in the following year.

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

1. China (2764.6K units)
2. Turkey (2142.8K units)
3. Japan (1176.9K units)
4. Taiwan (Chinese) (1067.7K units)
5. Vietnam (915.2K units)
6. Italy (793.6K units)
7. France (252.1K units)
8. Germany (139.6K units)
9. Spain (53.2K units)

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

In 2022, overseas shipments of slide fasteners; fitted with chain scoops of base metals decreased by -31.7% to 1.7M units, falling for the second consecutive year after two years of growth. Overall, exports showed a dramatic decrease. The growth pace was the most rapid in 2020 with an increase of 2.1%. As a result, the exports reached the peak of 3.7M units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of slide fasteners; fitted with chain scoops of base metals reached $3.5M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.8% 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 +47.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

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

1. Thailand (155.9K units)
2. India (125.4K units)
3. Hungary (122.0K units)
4. China (116.9K units)
5. Morocco (110.8K units)
6. Italy (108.2K units)
7. United States (98.7K units)
8. Philippines (94.4K units)
9. Ireland (86.7K units)
10. Cambodia (85.8K units)
11. Vietnam (81.1K units)
12. France (69.1K units)
13. Finland (59.8K units)

Source: IndexBox Market Intelligence Platform