Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh - 2022
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh (CIF) - 2022
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh (CIF) - 2022
In 2022, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $18,612 per ton, which is down by -3.9% against the previous year. Overall, the import price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 an increase of 9.7% against the previous year. Over the period under review, average import prices reached the maximum at $25,006 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
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 Japan ($36,068 per ton), while the price for China ($15,284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $16,079 per ton in 2022, with a decrease of -26.7% against the previous year. Over the period under review, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 25%. The export price peaked at $28,064 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($57,143 per ton), while the average price for exports to the Philippines ($752 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 Arab Emirates (+185.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh
In 2022, imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Bangladesh dropped to 2.3K tons, waning by -10.1% against the previous year. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. As a result, imports attained the peak of 2.5K tons, and then shrank in the following year.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor dropped to $42M in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of $49M, and then fell in the following year.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.1 | 15.1 | 21.6 | 19.2 | 10.8% |
| Hong Kong SAR | 17.6 | 14.6 | 19.4 | 15.7 | -3.7% |
| Japan | 2.0 | 1.4 | 1.9 | 2.3 | 4.8% |
| Turkey | 1.0 | 0.7 | 1.0 | 1.1 | 3.2% |
| Others | 3.6 | 3.7 | 5.0 | 4.0 | 3.6% |
| Total | 38.3 | 35.5 | 48.8 | 42.2 | 3.3% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Bangladesh in 2022:
- China (1256.9 tons)
- Hong Kong SAR (742.9 tons)
- Japan (62.6 tons)
- Turkey (54.9 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh
In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor exported from Bangladesh skyrocketed to 12 tons, with an increase of 113% against 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 868%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor soared to $189K in 2022. Overall, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 1,058% against the previous year. As a result, the exports attained the peak of $257K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 17.7 | 10.7 | 73.2 | 69.1 | 57.5% |
| Spain | 0.4 | 15.4 | 3.7 | 51.8 | 405.9% |
| Germany | 0.7 | 3.2 | 3.6 | 24.1 | 225.3% |
| Austria | N/A | N/A | 3.2 | 13.3 | 315.6% |
| Sri Lanka | 1.0 | 24.6 | 2.3 | 7.1 | 92.2% |
| Philippines | N/A | N/A | N/A | 3.6 | 0% |
| Hong Kong SAR | N/A | 42.7 | 15.8 | 0.3 | -91.6% |
| Thailand | N/A | 151 | N/A | N/A | 0% |
| Others | 2.3 | 9.2 | 19.0 | 19.3 | 103.2% |
| Total | 22.2 | 257 | 121 | 189 | 104.2% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Bangladesh in 2022:
- Philippines (4.8 tons)
- India (3.2 tons)
- Germany (1.1 tons)
- Austria (1.0 tons)
- Spain (0.9 tons)
- Sri Lanka (0.3 tons)
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