Price for Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR - 2023
Contents:
- Price for Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR (FOB) - 2023
- Price for Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR (CIF) - 2023
- Exports of Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR
- Imports of Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR
Price for Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR (FOB) - 2023
The average export price for buttons; of plastics, not covered with textile materials stood at $31,041 per ton in August 2023, waning by -20.6% against the previous month. Over the last nine months, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in December 2022 an increase of 41% m-o-m. Over the period under review, the average export prices attained the maximum at $39,111 per ton in July 2023, and then declined significantly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($44,499 per ton), while the average price for exports to Ethiopia ($9,833 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+15.9%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR (CIF) - 2023
In August 2023, the average import price for buttons; of plastics, not covered with textile materials amounted to $12,045 per ton, therefore, remained relatively stable against the previous month. Overall, the import price continues to indicate a resilient expansion. The pace of growth was the most pronounced in January 2023 an increase of 64% m-o-m. The import price peaked in August 2023.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to August 2023, the rate of growth in terms of prices for China amounted to +7.7% per month.
Exports of Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR
In 2022, approx. 3.4K tons of buttons; of plastics, not covered with textile materials were exported from Hong Kong SAR; which is down by -7.4% compared with 2021 figures. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
In value terms, exports of buttons; of plastics, not covered with textile materials rose rapidly to $110M in 2022. Overall, exports showed a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 27%.
| Export of Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 32.3 | 21.2 | 32.6 | 38.4 | 5.9% |
| Bangladesh | 17.9 | 13.3 | 14.6 | 13.0 | -10.1% |
| Indonesia | 11.4 | 6.2 | 8.9 | 11.2 | -0.6% |
| Thailand | 6.9 | 4.4 | 7.4 | 9.7 | 12.0% |
| India | 8.5 | 5.6 | 6.8 | 9.0 | 1.9% |
| China | 11.4 | 6.8 | 7.1 | 6.1 | -18.8% |
| Sri Lanka | 3.7 | 2.0 | 1.6 | 3.8 | 0.9% |
| Cambodia | 4.5 | 3.3 | 3.8 | 3.2 | -10.7% |
| Ethiopia | 1.1 | 0.8 | 1.1 | 0.5 | -23.1% |
| Malaysia | 6.8 | 2.6 | 0.2 | 0.1 | -75.5% |
| Others | 15.7 | 10.1 | 12.4 | 15.1 | -1.3% |
| Total | 120 | 76.1 | 96.5 | 110 | -2.9% |
Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from Hong Kong SAR in 2022:
- Vietnam (1298.7 tons)
- Bangladesh (632.1 tons)
- Indonesia (334.2 tons)
- Thailand (246.3 tons)
- India (182.5 tons)
- China (157.3 tons)
- Sri Lanka (103.8 tons)
- Cambodia (90.3 tons)
- Ethiopia (53.4 tons)
- Malaysia (3.6 tons)
Imports of Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR
In 2022, purchases abroad of buttons; of plastics, not covered with textile materials was finally on the rise to reach 4K tons after two years of decline. Over the period under review, imports, however, recorded a abrupt setback.
In value terms, imports of buttons; of plastics, not covered with textile materials contracted to $25M in 2022. Overall, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 5.7% against the previous year.
| Import of Buttons; of Plastics, Not Covered with Textile Material in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.3 | 20.6 | 21.6 | 20.3 | -11.5% |
| Others | 6.2 | 4.4 | 4.8 | 5.1 | -6.3% |
| Total | 35.5 | 25.0 | 26.4 | 25.4 | -10.6% |
Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to Hong Kong SAR in 2022:
- China (3.9K tons)
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