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

Contents:

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

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

In 2022, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $16,344 per ton, approximately equating the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2021 when the average import price increased by 65%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($21,237 per ton), while the price for Hong Kong SAR ($14,014 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Swaziland (+9.2%), 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 South Africa (FOB) - 2022

The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $7,152 per ton in 2022, with an increase of 12% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 43%. Over the period under review, the average export prices hit record highs at $9,907 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Swaziland ($21,572 per ton), while the average price for exports to Lesotho ($2,655 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 Botswana (+13.4%), 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 South Africa

In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor imported into South Africa shrank modestly to 166 tons, dropping by -2.4% compared with the previous year's figure. In general, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2021 when imports increased by 1.4%.

In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor fell modestly to $2.7M in 2022. Over the period under review, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +3.6% 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 +63.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, imports reached the peak of $2.8M, and then dropped modestly in the following year.

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

1. China (90.2 tons)
2. Taiwan (Chinese) (46.2 tons)
3. Germany (12.7 tons)
4. Swaziland (4.5 tons)
5. Slovenia (3.5 tons)
6. Hong Kong SAR (2.1 tons)
7. Lesotho (0.4 tons)

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

In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor exported from South Africa soared to 105 tons, picking up by 24% on the year before. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor soared to $750K in 2022. In general, exports enjoyed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 89% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

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

1. Lesotho (63.6 tons)
2. Swaziland (17.8 tons)
3. Zambia (10.6 tons)
4. Botswana (5.6 tons)
5. Namibia (4.5 tons)

Source: IndexBox Market Intelligence Platform