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

Contents:

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

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

In 2022, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $30,999 per ton, growing by 3.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 16%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hong Kong SAR ($42,648 per ton) and China ($31,664 per ton), while the price for Taiwan (Chinese) ($30,615 per ton) and Malaysia ($30,789 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.1%), 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 Singapore (FOB) - 2022

The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $31,565 per ton in 2022, increasing by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 an increase of 21% against the previous year. As a result, the export price reached the peak level of $39,501 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($31,030 per ton), while the average price for exports to Bangladesh ($15,000 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 UK (+3.4%), 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 Singapore

In 2022, after three years of growth, there was significant decline in supplies from abroad of press-fasteners, snap-fasteners, press-studs and parts therefor, when their volume decreased by -14.5% to 92 tons. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +19.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of 107 tons, and then reduced in the following year.

In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor reduced to $2.8M in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. As a result, imports reached the peak of $3.2M, and then dropped in the following year.

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

1. United States (66.1 tons)
2. Japan (11.5 tons)
3. China (10.2 tons)
4. Malaysia (1.1 tons)

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

Exports of press-fasteners, snap-fasteners, press-studs and parts therefor from Singapore contracted notably to 45 tons in 2022, falling by -23.5% against the year before. Over the period under review, total exports indicated a slight increase from 2019 to 2022: its volume increased at an average annual rate of +1.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. As a result, the exports attained the peak of 59 tons, and then reduced rapidly in the following year.

In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor declined sharply to $1.4M in 2022. In general, exports showed a mild downturn. The growth pace was the most rapid in 2021 when exports increased by 51%. As a result, the exports attained the peak of $1.8M, and then dropped rapidly in the following year.

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

1. Malaysia (16.7 tons)
2. Hong Kong SAR (9.3 tons)
3. Indonesia (7.5 tons)
4. India (3.1 tons)
5. Philippines (1.7 tons)
6. Thailand (1.7 tons)
7. United Kingdom (0.7 tons)
8. Taiwan (Chinese) (0.5 tons)
9. China (0.5 tons)

Source: IndexBox Market Intelligence Platform