Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea - 2022
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea (FOB) - 2022
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea (CIF) - 2022
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $11,328 per ton in 2022, shrinking by -54% against the previous year. In general, the export price, however, saw a modest increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 37%. As a result, the export price attained the peak level of $24,601 per ton, and then declined significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($48,606 per ton), while the average price for exports to Myanmar ($2,240 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 Israel (+31.7%), 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 South Korea (CIF) - 2022
In 2022, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $22,124 per ton, picking up by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 25%. The import price peaked in 2022 and is likely to see steady growth in years to come.
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 Japan ($29,715 per ton), while the price for China ($13,371 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea
In 2022, approx. 1.1K tons of press-fasteners, snap-fasteners, press-studs and parts therefor were exported from South Korea; picking up by 154% compared with the year before. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor surged to $12M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3,217 | 3,098 | 4,627 | 3,604 | 3.9% |
| Japan | 617 | 196 | 201 | 2,865 | 66.8% |
| Indonesia | 1,479 | 1,380 | 2,231 | 2,039 | 11.3% |
| Myanmar | 330 | 337 | 159 | 1,369 | 60.7% |
| Bangladesh | 627 | 195 | 369 | 568 | -3.2% |
| Philippines | 564 | 306 | 647 | 445 | -7.6% |
| Russia | 147 | 79.0 | 217 | 314 | 28.8% |
| Lithuania | 57.5 | 73.1 | 46.9 | 67.1 | 5.3% |
| United States | 239 | 104 | 149 | 65.9 | -34.9% |
| Mexico | 84.4 | 125 | 74.1 | 26.1 | -32.4% |
| Cambodia | 202 | 225 | 698 | 3.2 | -74.9% |
| Others | 814 | 438 | 1,075 | 927 | 4.4% |
| Total | 8,377 | 6,555 | 10,494 | 12,294 | 13.6% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from South Korea in 2022:
- Myanmar (611.1 tons)
- Japan (169.8 tons)
- Vietnam (88.0 tons)
- Indonesia (52.4 tons)
- Russia (49.4 tons)
- Philippines (46.1 tons)
- Bangladesh (26.3 tons)
- Lithuania (13.0 tons)
- United States (5.4 tons)
- Mexico (3.5 tons)
- Cambodia (0.3 tons)
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea
Imports of press-fasteners, snap-fasteners, press-studs and parts therefor into South Korea reduced notably to 373 tons in 2022, which is down by -19.2% against the year before. Over the period under review, imports saw a deep downturn. The smallest decline of -1.7% was in 2020.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor dropped modestly to $8.3M in 2022. In general, imports recorded a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 3.6% against the previous year.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.4 | 3.6 | 3.4 | 4.0 | -3.1% |
| China | 2.0 | 1.9 | 2.8 | 1.9 | -1.7% |
| United States | 2.3 | 2.2 | 1.5 | 1.2 | -19.5% |
| Germany | 0.6 | 0.3 | 0.3 | 0.3 | -20.6% |
| Others | 0.7 | 0.4 | 0.7 | 0.7 | 0.0% |
| Total | 10.1 | 8.4 | 8.7 | 8.3 | -6.3% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to South Korea in 2022:
- China (143.3 tons)
- Japan (135.9 tons)
- United States (66.7 tons)
- Germany (17.7 tons)
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