Price for Buttons; of Plastics, Not Covered with Textile Material in the United States - 2023

Contents:

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

Price for Buttons; of Plastics, Not Covered with Textile Material in the United States (FOB) - 2023

The average export price for buttons; of plastics, not covered with textile materials stood at $57,681 per ton in September 2023, declining by -59.4% against the previous month. Over the period under review, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 93% m-o-m. As a result, the export price reached the peak level of $142K per ton, and then dropped sharply in the following month.

There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Mexico ($125K per ton), while the average price for exports to Haiti ($46,262 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+212.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for buttons; of plastics, not covered with textile materials stood at $20,760 per ton in 2022, waning by -6.2% against the previous year. In general, the import price showed a deep reduction. The growth pace was the most rapid in 2014 an increase of 16% against the previous year. As a result, import price attained the peak level of $56,627 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($192,368 per ton), while the price for India ($10,722 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Buttons; of Plastics, Not Covered with Textile Material in the United States

In 2022, exports of buttons; of plastics, not covered with textile materials from the United States reduced dramatically to 112 tons, with a decrease of -30.9% against 2021 figures. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 37%. As a result, the exports attained the peak of 162 tons, and then contracted rapidly in the following year.

In value terms, exports of buttons; of plastics, not covered with textile materials rose sharply to $9.6M in 2022. The total export value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Mexico (25.1 tons)
2. Honduras (24.2 tons)
3. Hong Kong SAR (15.9 tons)
4. Haiti (11.2 tons)
5. Nicaragua (7.6 tons)
6. Kenya (5.6 tons)
7. Canada (3.7 tons)
8. Germany (3.5 tons)
9. Dominican Republic (2.7 tons)
10. China (1.4 tons)
11. United Kingdom (0.9 tons)

Imports of Buttons; of Plastics, Not Covered with Textile Material in the United States

In 2022, purchases abroad of buttons; of plastics, not covered with textile materials decreased by -15.3% to 300 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports reached the peak of 354 tons, and then dropped sharply in the following year.

In value terms, imports of buttons; of plastics, not covered with textile materials contracted rapidly to $6.2M in 2022. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 6.4% against the previous year.

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

1. China (122.5 tons)
2. Thailand (80.9 tons)
3. Taiwan (Chinese) (38.9 tons)
4. India (32.4 tons)
5. Italy (11.8 tons)

Source: IndexBox Market Intelligence Platform