Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy - 2023

Contents:

  1. Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy (FOB) - 2023
  2. Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy (CIF) - 2022
  3. Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy
  4. Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy

Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy (FOB) - 2023

The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $146K per ton in August 2023, rising by 43% against the previous month. In general, export price indicated a strong expansion from October 2022 to August 2023: its price increased at an average monthly rate of +7.5% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, export price for press-fasteners, snap-fasteners, press-studs and parts therefor increased by +48.1% against May 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Hong Kong SAR ($441K per ton), while the average price for exports to the United Arab Emirates ($19,673 per ton) was amongst the lowest.

From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy (CIF) - 2022

In 2022, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $35,910 per ton, with an increase of 7.7% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for press-fasteners, snap-fasteners, press-studs and parts therefor increased by +77.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 53% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Portugal ($89,210 per ton), while the price for China ($20,310 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+4.7%), while the prices for the other major suppliers experienced a decline.

Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy

Exports of press-fasteners, snap-fasteners, press-studs and parts therefor from Italy rose significantly to 814 tons in 2022, growing by 6.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor rose sharply to $62M in 2022. The total export value increased at an average annual rate of +9.5% 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 32% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France17.916.321.625.412.4%
Germany4.64.14.95.24.2%
Romania3.53.54.23.82.8%
Spain2.31.62.43.515.0%
Portugal1.61.42.42.719.1%
United States1.31.03.02.727.6%
Tunisia1.51.42.02.417.0%
Turkey1.60.91.11.4-4.4%
China1.00.91.01.39.1%
Poland0.70.70.80.98.7%
Latvia0.30.30.40.410.1%
Bangladesh0.10.10.20.344.2%
Hungary0.30.30.30.30.0%
Others10.29.410.711.33.5%
Total47.041.855.061.79.5%

Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Italy in 2022:

  1. Germany (180.5 tons)
  2. France (104.2 tons)
  3. Romania (77.4 tons)
  4. China (49.8 tons)
  5. Tunisia (46.3 tons)
  6. Portugal (44.7 tons)
  7. Turkey (33.5 tons)
  8. Spain (29.4 tons)
  9. Bangladesh (27.9 tons)
  10. Poland (21.2 tons)
  11. Hungary (19.3 tons)
  12. United States (18.6 tons)
  13. Latvia (14.4 tons)

Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy

In 2022, imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Italy expanded significantly to 295 tons, increasing by 6.3% against the year before. Over the period under review, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 18%.

In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor rose rapidly to $11M in 2022. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 82%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France1.21.32.75.667.1%
Germany2.72.33.12.70.0%
China0.90.50.90.90.0%
Portugal0.1N/A0.20.458.7%
United Kingdom0.70.60.6N/A-7.4%
Hungary0.2N/A0.4N/A41.4%
Others0.70.41.40.98.7%
Total6.45.19.310.618.3%

Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Italy in 2022:

  1. Germany (126.7 tons)
  2. France (99.5 tons)
  3. China (44.1 tons)
  4. Portugal (4.9 tons)
  5. Hungary (2.2 tons)
  6. United Kingdom (0.6 tons)

Source: IndexBox Market Intelligence Platform

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