Price for Slide Fasteners and Parts Thereof in Belarus - 2022

Price for Slide Fasteners and Parts Thereof in Belarus (CIF) - 2022

The average import price for slide fasteners and parts thereoves stood at $76.3 per thousand units in March 2022, reducing by -18.5% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2021 an increase of 97% month-to-month. As a result, import price reached the peak level of $0.1 per unit. From October 2021 to March 2022, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Russia ($188 per thousand units), while the price for China ($35.0 per thousand units) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Slide Fasteners and Parts Thereof in Belarus (FOB) - 2022

In 2022, the average export price for slide fasteners and parts thereoves amounted to less than $0.1 per unit, growing by 48% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by 89% against the previous year. Over the period under review, the average export prices reached the peak figure at $0.2 per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -11.2% per year.

Imports of Slide Fasteners and Parts Thereof in Belarus

In 2022, the amount of slide fasteners and parts thereoves imported into Belarus reduced sharply to 97M units, which is down by -22.5% compared with the year before. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 7.1%. Imports peaked at 174M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, slide fasteners and parts thereof imports reached $9.9M in 2022. In general, imports showed a slight downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Over the period under review, imports reached the peak figure at $10M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Slide Fasteners and Parts Thereof in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	3.9	3.8	3.8	4.0	0.8%
China	4.2	2.7	3.4	3.6	-5.0%
Poland	0.6	0.5	0.5	0.6	0.0%
Turkey	0.4	0.4	0.4	0.4	0.0%
Others	1.3	0.8	1.2	1.4	2.5%
Total	10.3	8.3	9.3	9.9	-1.3%

Top Suppliers of Slide Fasteners and Parts Thereof to Belarus in 2022:

China (73.1M units)
Russia (13.3M units)
Turkey (4.7M units)
Poland (2.5M units)

Exports of Slide Fasteners and Parts Thereof in Belarus

In 2022, slide fasteners and parts thereof exports from Belarus stood at 48M units, remaining relatively unchanged against 2021. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -28.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. As a result, the exports attained the peak of 68M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, slide fasteners and parts thereof exports surged to $2.2M in 2022. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.