Price for Slide Fasteners and Parts Thereof in Hong Kong SAR - 2023
Contents:
- Price for Slide Fasteners and Parts Thereof in Hong Kong SAR (FOB) - 2023
- Price for Slide Fasteners and Parts Thereof in Hong Kong SAR (CIF) - 2023
- Exports of Slide Fasteners and Parts Thereof in Hong Kong SAR
- Imports of Slide Fasteners and Parts Thereof in Hong Kong SAR
Price for Slide Fasteners and Parts Thereof in Hong Kong SAR (FOB) - 2023
In June 2023, the average export price for slide fasteners and parts thereoves amounted to $316 per thousand units, surging by 8.3% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 9.2% month-to-month. The export price peaked at $350 per thousand units in February 2023; however, from March 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Bangladesh ($369 per thousand units), while the average price for exports to Indonesia ($233 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Slide Fasteners and Parts Thereof in Hong Kong SAR (CIF) - 2023
In June 2023, the average import price for slide fasteners and parts thereoves amounted to $246 per thousand units, rising by 9.4% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 22% against the previous month. Over the period under review, average import prices reached the maximum at $261 per thousand units in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($373 per thousand units), while the price for Cambodia ($99.0 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Slide Fasteners and Parts Thereof in Hong Kong SAR
In 2022, exports of slide fasteners and parts thereoves from Hong Kong SAR declined markedly to 664M units, falling by -29.5% on the previous year's figure. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. Over the period under review, the exports attained the peak figure at 1.1B units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, slide fasteners and parts thereof exports plummeted to $206M in 2022. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. Over the period under review, the exports hit record highs at $285M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Slide Fasteners and Parts Thereof in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 79.6 | 67.2 | 76.4 | 62.0 | -8.0% |
| China | 59.3 | 41.4 | 50.0 | 30.0 | -20.3% |
| Cambodia | 24.3 | 17.6 | 27.2 | 19.8 | -6.6% |
| Indonesia | 23.5 | 13.6 | 22.3 | 19.3 | -6.4% |
| Bangladesh | 20.7 | 15.6 | 19.9 | 18.2 | -4.2% |
| Philippines | 11.3 | 10.7 | 19.3 | 8.7 | -8.3% |
| India | 10.5 | 7.7 | 9.5 | 8.5 | -6.8% |
| Jordan | 11.5 | 6.9 | 8.0 | 4.8 | -25.3% |
| Pakistan | 3.3 | 2.5 | 3.4 | 2.7 | -6.5% |
| Myanmar | 0.2 | 0.1 | 0.2 | 2.2 | 122.4% |
| Turkey | 1.4 | 1.2 | 1.5 | 1.6 | 4.6% |
| Others | 39.3 | 26.6 | 34.3 | 28.5 | -10.2% |
| Total | 285 | 211 | 272 | 206 | -10.3% |
Top Export Markets for Slide Fasteners and Parts Thereof from Hong Kong SAR in 2022:
- Vietnam (198.8M units)
- China (94.5M units)
- Cambodia (70.4M units)
- Indonesia (66.8M units)
- Bangladesh (59.8M units)
- India (28.9M units)
- Philippines (23.6M units)
- Turkey (15.8M units)
- Pakistan (11.2M units)
- Myanmar (10.6M units)
- Jordan (10.5M units)
Imports of Slide Fasteners and Parts Thereof in Hong Kong SAR
In 2022, the amount of slide fasteners and parts thereoves imported into Hong Kong SAR contracted sharply to 719M units, reducing by -34.3% on the previous year's figure. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports reached the peak figure at 1.2B units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, slide fasteners and parts thereof imports dropped markedly to $154M in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports attained the peak of $218M, and then reduced notably in the following year.
| Import of Slide Fasteners and Parts Thereof in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 156 | 119 | 173 | 122 | -7.9% |
| Taiwan (Chinese) | 20.5 | 17.3 | 18.6 | 18.8 | -2.8% |
| Japan | 22.4 | 18.1 | 19.4 | 5.8 | -36.3% |
| Others | 11.7 | 6.1 | 7.2 | 8.0 | -11.9% |
| Total | 211 | 160 | 218 | 154 | -10.0% |
Top Suppliers of Slide Fasteners and Parts Thereof to Hong Kong SAR in 2022:
- China (609.4M units)
- Taiwan (Chinese) (53.4M units)
- Japan (17.9M units)
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