Price for Buttons; of Plastics, Not Covered with Textile Material in the Philippines - 2023
Contents:
- Price for Buttons; of Plastics, Not Covered with Textile Material in the Philippines (CIF) - 2023
- Price for Buttons; of Plastics, Not Covered with Textile Material in the Philippines (FOB) - 2022
- Imports of Buttons; of Plastics, Not Covered with Textile Material in the Philippines
- Exports of Buttons; of Plastics, Not Covered with Textile Material in the Philippines
Price for Buttons; of Plastics, Not Covered with Textile Material in the Philippines (CIF) - 2023
In July 2023, the average import price for buttons; of plastics, not covered with textile materials amounted to $4,285 per ton, falling by -31.5% against the previous month. In general, the import price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in June 2023 an increase of 575% month-to-month. As a result, import price attained the peak level of $6,257 per ton, and then reduced notably in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to July 2023, the rate of growth in terms of prices for Thailand amounted to +36.6% per month.
Price for Buttons; of Plastics, Not Covered with Textile Material in the Philippines (FOB) - 2022
In 2022, the average export price for buttons; of plastics, not covered with textile materials amounted to $31,745 per ton, with an increase of 4% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 an increase of 75%. Over the period under review, the average export prices attained the peak figure at $60,449 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($31,849 per ton), while the average price for exports to Hong Kong SAR totaled $27,500 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+8.4%), while the prices for the other major destinations experienced a decline.
Imports of Buttons; of Plastics, Not Covered with Textile Material in the Philippines
After two years of decline, supplies from abroad of buttons; of plastics, not covered with textile materials increased by 1,941% to 1.2K tons in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of buttons; of plastics, not covered with textile materials skyrocketed to $4.1M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Buttons; of Plastics, Not Covered with Textile Material in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 302 | 199 | 198 | 2,451 | 101.0% |
| Hong Kong SAR | 476 | 267 | 490 | 450 | -1.9% |
| Japan | 110 | 146 | 208 | 303 | 40.2% |
| Vietnam | 6.8 | N/A | 2.2 | 196 | 206.6% |
| Bangladesh | N/A | N/A | N/A | 138 | 0% |
| Taiwan (Chinese) | 29.5 | 20.2 | 15.9 | 90.8 | 45.5% |
| South Korea | 117 | 73.9 | 87.8 | 71.9 | -15.0% |
| Indonesia | N/A | N/A | N/A | 66.8 | 0% |
| Others | 104 | 7.2 | 28.8 | 372 | 52.9% |
| Total | 1,145 | 713 | 1,030 | 4,140 | 53.5% |
Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to the Philippines in 2022:
- Indonesia (497.2 tons)
- China (290.6 tons)
- Bangladesh (254.0 tons)
- Hong Kong SAR (23.5 tons)
- Taiwan (Chinese) (22.8 tons)
- Vietnam (19.7 tons)
- Japan (8.2 tons)
- South Korea (4.8 tons)
Exports of Buttons; of Plastics, Not Covered with Textile Material in the Philippines
After two years of decline, shipments abroad of buttons; of plastics, not covered with textile materials increased by 313% to 161 kg in 2022. In general, exports, however, continue to indicate a sharp reduction.
In value terms, exports of buttons; of plastics, not covered with textile materials surged to $5.1K in 2022. Over the period under review, exports, however, showed a sharp slump.
| Export of Buttons; of Plastics, Not Covered with Textile Material in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 34.5 | 20.9 | 0.9 | 4.8 | -48.2% |
| Hong Kong SAR | N/A | N/A | 0.3 | 0.2 | -33.3% |
| Myanmar | 0.3 | N/A | N/A | N/A | 0% |
| Others | 0.4 | N/A | N/A | 0.1 | -37.0% |
| Total | 35.2 | 20.9 | 1.2 | 5.1 | -47.5% |
Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from the Philippines in 2022:
- Japan (152.0 kg)
- Hong Kong SAR (8.0 kg)
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