Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Myanmar - 2022

Contents:

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

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

The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $3,591 per ton in 2022, waning by -10.3% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 12% against the previous year. The import price peaked at $28,551 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($22,344 per ton), while the price for China ($2,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-2.4%), while the prices for the other major suppliers experienced a decline.

Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Myanmar (FOB) - 2022

In 2022, the average export price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $13,860 per ton, remaining stable against the previous year. Over the period under review, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2016 an increase of 120% against the previous year. As a result, the export price reached the peak level of $40,163 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($13,890 per ton), while the average price for exports to Hong Kong SAR ($11,459 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 Cambodia (+71.8%), 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 Myanmar

For the fourth year in a row, Myanmar recorded growth in overseas purchases of press-fasteners, snap-fasteners, press-studs and parts therefor, which increased by 24% to 902 tons in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% 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 +72.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 30%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor rose notably to $3.2M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.8% 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 +51.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. Imports peaked in 2022 and are likely to continue growth in years to come.

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

1. China (699.2 tons)
2. Japan (134.4 tons)
3. South Korea (32.0 tons)
4. Thailand (23.7 tons)

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

In 2022, exports of press-fasteners, snap-fasteners, press-studs and parts therefor from Myanmar fell rapidly to 1.6 tons, declining by -50.9% compared with the previous year's figure. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 1,002% against the previous year. As a result, the exports attained the peak of 3.4 tons, and then contracted remarkably in the following year.

In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor declined markedly to $23K in 2022. In general, exports, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when exports increased by 991%. As a result, the exports attained the peak of $46K, and then contracted sharply in the following year.

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

1. China (1588.0 kg)
2. Hong Kong SAR (37.0 kg)

Source: IndexBox Market Intelligence Platform