Price for Buttons; of Base Metal, Not Covered with Textile Material in South Korea - 2022

Contents:

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

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

The average import price for buttons; of base metal, not covered with textile materials stood at $22,346 per ton in December 2022, leveling off at the previous month. Over the period under review, the import price saw a noticeable descent. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 29% month-to-month. The import price peaked at $30,723 per ton in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($211K per ton), while the price for China totaled $18,513 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.0%).

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

In December 2022, the average export price for buttons; of base metal, not covered with textile materials amounted to $30,332 per ton, which is down by -16.2% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 when the average export price increased by 88% m-o-m. The export price peaked at $49,345 per ton in May 2022; however, from June 2022 to December 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was the Philippines ($64,290 per ton), while the average price for exports to China ($11,267 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+11.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, approx. 114 tons of buttons; of base metal, not covered with textile materials were imported into South Korea; jumping by 60% on the previous year's figure. Over the period under review, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +2.1% 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 +70.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of buttons; of base metal, not covered with textile materials skyrocketed to $2.7M in 2022. Overall, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (110.0 tons)
2. Japan (2.6 tons)

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

Exports of buttons; of base metal, not covered with textile materials from South Korea skyrocketed to 155 tons in 2022, with an increase of 52% compared with the year before. In general, exports saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 576%. As a result, the exports reached the peak of 642 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of buttons; of base metal, not covered with textile materials stood at $2.6M in 2022. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 548%. As a result, the exports attained the peak of $13M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Vietnam (94.5 tons)
2. Indonesia (29.2 tons)
3. China (9.7 tons)
4. Philippines (6.0 tons)
5. Nicaragua (3.9 tons)
6. Thailand (2.7 tons)
7. Bangladesh (2.6 tons)

Source: IndexBox Market Intelligence Platform