Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India - 2023
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India (CIF) - 2023
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India (CIF) - 2023
In July 2023, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $14,350 per ton, falling by -34.4% against the previous month. Overall, the import price saw a deep contraction. The pace of growth was the most pronounced in January 2023 an increase of 28% month-to-month. The import price peaked at $23,402 per ton in March 2023; however, from April 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($22,975 per ton), while the price for Hong Kong SAR ($10,465 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $15,621 per ton in 2022, rising by 3.9% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 press-fasteners, snap-fasteners, press-studs and parts therefor increased by +71.7% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 62%. Over the period under review, the average export prices hit record highs at $15,914 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($129,691 per ton), while the average price for exports to Zambia ($630 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 Myanmar (+26.8%), 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 India
In 2022, approx. 2.7K tons of press-fasteners, snap-fasteners, press-studs and parts therefor were imported into India; approximately reflecting 2021. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 48%.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor expanded significantly to $40M in 2022. The total import value increased at an average annual rate of +5.8% over the period 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 26%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 4.3 | 5.5 | 10.9 | 26.4% |
| Hong Kong SAR | 10.8 | 9.0 | 13.1 | 10.8 | 0.0% |
| Thailand | 9.1 | 9.0 | 10.7 | 9.7 | 2.2% |
| Germany | 4.2 | 2.6 | 2.8 | 4.5 | 2.3% |
| Japan | 2.1 | 1.4 | 1.7 | 2.2 | 1.6% |
| Taiwan (Chinese) | 0.5 | 0.4 | 0.6 | 0.5 | 0.0% |
| Belgium | 1.2 | 1.8 | 1.5 | N/A | 11.8% |
| Others | 0.9 | 1.2 | 1.4 | 1.8 | 26.0% |
| Total | 34.1 | 29.5 | 37.2 | 40.4 | 5.8% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to India in 2022:
- Hong Kong SAR (923.1 tons)
- China (765.0 tons)
- Thailand (423.8 tons)
- Germany (289.9 tons)
- Japan (140.3 tons)
- Taiwan (Chinese) (73.9 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India
In 2022, approx. 36 tons of press-fasteners, snap-fasteners, press-studs and parts therefor were exported from India; increasing by 38% on 2021. In general, exports recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor surged to $555K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 115%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 2.4 | N/A | 189 | 787.4% |
| United States | 3.1 | 0.3 | 7.5 | 117 | 235.4% |
| Bangladesh | 21.2 | 3.2 | 44.0 | 46.5 | 29.9% |
| Malaysia | 25.9 | 9.9 | 27.9 | 31.3 | 6.5% |
| Hong Kong SAR | 19.8 | 23.9 | 41.3 | 31.2 | 16.4% |
| Netherlands | 6.8 | 1.0 | 23.7 | 21.6 | 47.0% |
| Nepal | 21.9 | 14.6 | 23.9 | 19.6 | -3.6% |
| Canada | 17.7 | 9.9 | 8.8 | 18.2 | 0.9% |
| Colombia | 8.4 | 6.2 | 7.5 | 14.8 | 20.8% |
| Germany | N/A | 10.4 | 3.8 | 12.3 | 8.8% |
| United Arab Emirates | 0.7 | 5.5 | 2.7 | 11.6 | 154.9% |
| Zambia | N/A | N/A | N/A | 1.5 | 0% |
| Sri Lanka | 2.9 | 6.3 | 46.2 | 1.5 | -19.7% |
| Others | 115 | 86.7 | 150 | 39.8 | -29.8% |
| Total | 243 | 180 | 387 | 555 | 31.7% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from India in 2022:
- United States (9.7 tons)
- Nepal (7.2 tons)
- United Arab Emirates (4.8 tons)
- Zambia (2.4 tons)
- Hong Kong SAR (1.7 tons)
- Netherlands (1.6 tons)
- Italy (1.5 tons)
- Malaysia (1.5 tons)
- Bangladesh (1.2 tons)
- Colombia (0.9 tons)
- Canada (0.8 tons)
- Germany (0.7 tons)
- Sri Lanka (0.1 tons)
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