Price for Buttons; of Base Metal, Not Covered with Textile Material in India - 2023

Contents:

1. Price for Buttons; of Base Metal, Not Covered with Textile Material in India (CIF) - 2022
2. Price for Buttons; of Base Metal, Not Covered with Textile Material in India (FOB) - 2022
3. Imports of Buttons; of Base Metal, Not Covered with Textile Material in India
4. Exports of Buttons; of Base Metal, Not Covered with Textile Material in India

Price for Buttons; of Base Metal, Not Covered with Textile Material in India (CIF) - 2022

In 2022, the average import price for buttons; of base metal, not covered with textile materials amounted to $4,002 per ton, dropping by -8.2% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 23%. Over the period under review, average import prices reached the maximum at $5,879 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($33,540 per ton), while the price for China amounted to $2,275 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.5%).

Price for Buttons; of Base Metal, Not Covered with Textile Material in India (FOB) - 2022

In 2022, the average export price for buttons; of base metal, not covered with textile materials amounted to $22,051 per ton, picking up by 4.5% against the previous year. In general, the export price enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of 51%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 Germany ($52,024 per ton), while the average price for exports to Israel ($528 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttons; of Base Metal, Not Covered with Textile Material in India

In 2022, approx. 5K tons of buttons; of base metal, not covered with textile materials were imported into India; rising by 21% on the previous year. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +6.1% 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 +85.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of buttons; of base metal, not covered with textile materials expanded significantly to $20M in 2022. Overall, total imports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +2.3% 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 +71.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Buttons; of Base Metal, Not Covered with Textile Material to India in 2022:

1. China (4.7K tons)
2. Hong Kong SAR (0.2K tons)

Exports of Buttons; of Base Metal, Not Covered with Textile Material in India

In 2022, after two years of decline, there was significant growth in overseas shipments of buttons; of base metal, not covered with textile materials, when their volume increased by 61% to 37 tons. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of buttons; of base metal, not covered with textile materials soared to $807K in 2022. Overall, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Buttons; of Base Metal, Not Covered with Textile Material from India in 2022:

1. Bangladesh (11.1 tons)
2. United States (11.0 tons)
3. United Arab Emirates (3.8 tons)
4. Jordan (1.9 tons)
5. Indonesia (1.3 tons)
6. Germany (1.3 tons)
7. Saudi Arabia (0.9 tons)
8. Kenya (0.9 tons)
9. Bhutan (0.6 tons)
10. Israel (0.6 tons)
11. Sri Lanka (0.6 tons)
12. Nepal (0.4 tons)

Source: IndexBox Market Intelligence Platform