Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary (CIF) - 2023
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary (CIF) - 2023
In August 2023, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $20,963 per ton, dropping by -69.6% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average import price increased by 103% month-to-month. As a result, import price reached the peak level of $69,007 per ton, and then reduced markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Ukraine ($56,487 per ton), while the price for China totaled $3,905 per ton.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $69,437 per ton in 2022, growing by 11% against the previous year. Overall, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2018 when the average export price increased by 32%. As a result, the export price reached the peak level of $110,495 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($164,857 per ton), while the average price for exports to Germany ($25,616 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 Austria (+9.6%), 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 Hungary
In 2022, imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Hungary expanded remarkably to 68 tons, growing by 14% on the previous year's figure. The total import volume increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 14%. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the near future.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor fell notably to $1.6M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $1.9M, and then fell dramatically in the following year.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 513 | 601 | 755 | 767 | 14.3% |
| Italy | 404 | 219 | 220 | 248 | -15.0% |
| China | 63.5 | 208 | 300 | 197 | 45.8% |
| Austria | 243 | 189 | 317 | 124 | -20.1% |
| Turkey | 65.5 | 58.1 | 58.5 | 46.5 | -10.8% |
| Taiwan (Chinese) | 13.8 | 21.0 | 5.6 | 21.5 | 15.9% |
| Netherlands | 7.3 | 30.1 | 16.5 | 9.2 | 8.0% |
| Others | 187 | 182 | 210 | 169 | -3.3% |
| Total | 1,496 | 1,508 | 1,883 | 1,582 | 1.9% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Hungary in 2022:
- Germany (31.2 tons)
- China (21.2 tons)
- Italy (6.6 tons)
- Turkey (2.4 tons)
- Taiwan (Chinese) (1.9 tons)
- Austria (1.2 tons)
- Netherlands (0.9 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary
Exports of press-fasteners, snap-fasteners, press-studs and parts therefor from Hungary shrank notably to 7.7 tons in 2022, which is down by -20.1% compared with 2021. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 4.4% against the previous year.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor contracted to $532K in 2022. Overall, exports showed a deep slump. The smallest decline of -3.2% was in 2021.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 30.6 | 91.2 | 80.1 | 90.7 | 43.6% |
| Austria | 104 | 110 | 138 | 82.8 | -7.3% |
| Romania | 202 | 87.9 | 49.5 | 57.4 | -34.3% |
| Ukraine | 239 | 79.2 | 70.2 | 51.6 | -40.0% |
| North Macedonia | 118 | 56.7 | 42.2 | 33.8 | -34.1% |
| Serbia | 34.4 | 37.0 | 24.5 | 22.8 | -12.8% |
| Slovakia | 35.7 | 39.5 | 22.2 | 21.8 | -15.2% |
| Bulgaria | 48.0 | 30.8 | 31.7 | 16.7 | -29.7% |
| Germany | 12.6 | 6.9 | 1.1 | 10.9 | -4.7% |
| Others | 97.6 | 80.4 | 140 | 144 | 13.8% |
| Total | 922 | 620 | 600 | 532 | -16.7% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Hungary in 2022:
- Romania (1641.0 kg)
- Turkey (1306.0 kg)
- Ukraine (1083.0 kg)
- North Macedonia (565.0 kg)
- Slovakia (562.0 kg)
- Austria (502.0 kg)
- Germany (424.0 kg)
- Serbia (398.0 kg)
- Bulgaria (272.0 kg)
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