Price for Buttons; of Plastics, Not Covered with Textile Material in Portugal - 2023

Contents:

1. Price for Buttons; of Plastics, Not Covered with Textile Material in Portugal (CIF) - 2023
2. Price for Buttons; of Plastics, Not Covered with Textile Material in Portugal (FOB) - 2022
3. Imports of Buttons; of Plastics, Not Covered with Textile Material in Portugal
4. Exports of Buttons; of Plastics, Not Covered with Textile Material in Portugal

Price for Buttons; of Plastics, Not Covered with Textile Material in Portugal (CIF) - 2023

In August 2023, the average import price for buttons; of plastics, not covered with textile materials amounted to $57,105 per ton, dropping by -13.4% against the previous month. Over the period under review, the import price saw a pronounced curtailment. The growth pace was the most rapid in June 2023 an increase of 44% m-o-m. The import price peaked at $93,305 per ton in November 2022; however, from December 2022 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($247K per ton), while the price for the Netherlands ($15,039 per ton) was amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Buttons; of Plastics, Not Covered with Textile Material in Portugal (FOB) - 2022

The average export price for buttons; of plastics, not covered with textile materials stood at $25,903 per ton in 2022, with an increase of 7% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 36% against the previous year. The export price peaked at $82,908 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($50,720 per ton), while the average price for exports to India ($5,827 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 Tunisia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buttons; of Plastics, Not Covered with Textile Material in Portugal

Imports of buttons; of plastics, not covered with textile materials into Portugal expanded rapidly to 53 tons in 2022, growing by 5.2% compared with the year before. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 21%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of buttons; of plastics, not covered with textile materials rose slightly to $3.7M in 2022. Overall, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +3.6% 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 +58.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to Portugal in 2022:

1. Italy (19.6 tons)
2. Germany (9.0 tons)
3. China (7.2 tons)
4. Spain (6.7 tons)
5. Netherlands (3.0 tons)
6. France (2.8 tons)
7. Poland (1.9 tons)
8. Hong Kong SAR (1.0 tons)

Exports of Buttons; of Plastics, Not Covered with Textile Material in Portugal

In 2022, the amount of buttons; of plastics, not covered with textile materials exported from Portugal shrank notably to 34 tons, reducing by -35.8% against 2021 figures. Over the period under review, exports recorded a dramatic shrinkage. The smallest decline of -20.8% was in 2020.

In value terms, exports of buttons; of plastics, not covered with textile materials declined sharply to $890K in 2022. In general, exports showed a dramatic setback. The smallest decline of -20% was in 2020.

Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from Portugal in 2022:

1. India (8.5 tons)
2. United States (7.9 tons)
3. Vietnam (3.3 tons)
4. United Kingdom (1.9 tons)
5. Germany (1.5 tons)
6. Spain (1.3 tons)
7. France (1.2 tons)
8. Morocco (1.0 tons)
9. Angola (0.9 tons)
10. Finland (0.9 tons)
11. Tunisia (0.8 tons)
12. Colombia (0.8 tons)
13. Brazil (0.6 tons)

Source: IndexBox Market Intelligence Platform