Price for Buttons; of Plastics, Not Covered with Textile Material in Singapore - 2022

Contents:

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

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

The average import price for buttons; of plastics, not covered with textile materials stood at $45,424 per ton in 2022, picking up by 21% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $53,685 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Malaysia ($63,718 per ton), while the price for Italy ($4,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+293.6%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for buttons; of plastics, not covered with textile materials stood at $65,246 per ton in 2022, growing by 7.8% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for buttons; of plastics, not covered with textile materials increased by +32.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by 120%. The export price peaked at $75,895 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($66,500 per ton), while the average price for exports to Thailand ($20,000 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 the United States (+30.2%), 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 Singapore

After three years of growth, purchases abroad of buttons; of plastics, not covered with textile materials decreased by -15.1% to 7.7 tons in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 98% against the previous year. As a result, imports attained the peak of 9.1 tons, and then contracted markedly in the following year.

In value terms, imports of buttons; of plastics, not covered with textile materials amounted to $351K in 2022. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Hong Kong SAR (3688.0 kg)
2. China (1377.0 kg)
3. Malaysia (1264.0 kg)
4. India (323.0 kg)
5. Thailand (301.0 kg)
6. Japan (232.0 kg)
7. Canada (182.0 kg)
8. United States (144.0 kg)

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

For the fourth consecutive year, Singapore recorded growth in shipments abroad of buttons; of plastics, not covered with textile materials, which increased by 32% to 2.4 tons in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 105%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of buttons; of plastics, not covered with textile materials soared to $154K in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 152% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

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

1. Indonesia (1789.0 kg)
2. Malaysia (219.0 kg)
3. Djibouti (203.0 kg)
4. Japan (82.0 kg)
5. United States (38.0 kg)

Source: IndexBox Market Intelligence Platform