Price for Slide Fasteners and Parts Thereof in South Korea - 2022
Contents:
- Price for Slide Fasteners and Parts Thereof in South Korea (FOB) - 2022
- Price for Slide Fasteners and Parts Thereof in South Korea (CIF) - 2022
- Exports of Slide Fasteners and Parts Thereof in South Korea
- Imports of Slide Fasteners and Parts Thereof in South Korea
Price for Slide Fasteners and Parts Thereof in South Korea (FOB) - 2022
The average export price for slide fasteners and parts thereoves stood at $279 per thousand units in December 2022, picking up by 12% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2022 when the average export price increased by 25% against the previous month. The export price peaked at $297 per thousand units in June 2022; however, from July 2022 to December 2022, 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 ($524 per thousand units), while the average price for exports to Guatemala ($172 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Slide Fasteners and Parts Thereof in South Korea (CIF) - 2022
In 2022, the average import price for slide fasteners and parts thereoves amounted to $0.1 per unit, shrinking by -2.3% against the previous year. Overall, the import price recorded a perceptible contraction. The growth pace was the most rapid in 2021 an increase of 15%. The import price peaked at $0.2 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($0.3 per unit), while the price for Indonesia ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Slide Fasteners and Parts Thereof in South Korea
In 2022, the amount of slide fasteners and parts thereoves exported from South Korea rose notably to 204M units, with an increase of 7.6% against the previous year. Overall, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports reached the peak figure at 242M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, slide fasteners and parts thereof exports contracted slightly to $46M in 2022. Over the period under review, exports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. Over the period under review, the exports attained the maximum at $54M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Slide Fasteners and Parts Thereof in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 36.5 | 29.0 | 29.3 | 27.5 | -9.0% |
| Indonesia | 4.4 | 3.3 | 5.0 | 4.8 | 2.9% |
| Bangladesh | 3.6 | 2.9 | 4.9 | 4.6 | 8.5% |
| Myanmar | 2.6 | 1.3 | 0.8 | 1.5 | -16.8% |
| China | 2.2 | 1.5 | 2.2 | 1.5 | -12.0% |
| Russia | 0.9 | 0.9 | 1.3 | 0.8 | -3.9% |
| United States | 0.7 | 0.7 | 0.5 | 0.4 | -17.0% |
| Others | 3.3 | 3.0 | 3.6 | 4.5 | 10.9% |
| Total | 54.1 | 42.6 | 47.5 | 45.6 | -5.5% |
Top Export Markets for Slide Fasteners and Parts Thereof from South Korea in 2022:
- Vietnam (121.4M units)
- Myanmar (27.0M units)
- Indonesia (17.3M units)
- Bangladesh (10.6M units)
- China (5.4M units)
- Russia (2.3M units)
- United States (2.1M units)
Imports of Slide Fasteners and Parts Thereof in South Korea
In 2022, slide fasteners and parts thereof imports into South Korea expanded markedly to 353M units, increasing by 5.9% on the previous year. The total import volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, slide fasteners and parts thereof imports expanded modestly to $42M in 2022. The total import value increased at an average annual rate of +2.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Slide Fasteners and Parts Thereof in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.4 | 13.9 | 18.2 | 19.0 | 12.3% |
| Japan | 11.1 | 5.9 | 8.3 | 7.7 | -11.5% |
| Indonesia | 4.5 | 3.4 | 4.1 | 4.7 | 1.5% |
| Taiwan (Chinese) | 3.9 | 3.0 | 4.9 | 4.6 | 5.7% |
| Vietnam | 3.4 | 3.3 | 3.1 | 3.6 | 1.9% |
| Others | 2.7 | 1.8 | 2.1 | 2.4 | -3.9% |
| Total | 39.0 | 31.2 | 40.6 | 42.1 | 2.6% |
Top Suppliers of Slide Fasteners and Parts Thereof to South Korea in 2022:
- China (187.1M units)
- Indonesia (72.8M units)
- Vietnam (34.4M units)
- Japan (29.9M units)
- Taiwan (Chinese) (23.7M units)
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