Price for Slide Fasteners and Parts Thereof in Sri Lanka - 2021

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

In 2022, the average import price for slide fasteners and parts thereoves amounted to $0.2 per unit, waning by -6.1% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 23%. Over the period under review, average import prices attained the peak figure at $0.2 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($0.5 per unit), while the price for China ($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 Taiwan (Chinese) (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for slide fasteners and parts thereoves stood at $0.4 per unit in 2022, with an increase of 10% against the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, slide fasteners and parts thereof export price increased by +19.6% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 56% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Jordan ($0.7 per unit), while the average price for exports to Cambodia ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+22.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Sri Lanka

In 2022, approx. 170M units of slide fasteners and parts thereoves were imported into Sri Lanka; remaining relatively unchanged against the previous year. Over the period under review, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of 35%. Imports peaked at 180M 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 to $27M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +5.4% 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 +56.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of $28M, and then reduced in the following year.

Import of Slide Fasteners and Parts Thereof in Sri Lanka (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	5.6	5.0	9.4	7.7	11.2%
Taiwan (Chinese)	4.3	2.5	4.8	5.3	7.2%
Hong Kong SAR	3.0	2.7	4.6	4.3	12.7%
India	3.5	2.2	3.4	2.7	-8.3%
Vietnam	1.3	1.3	1.7	2.3	20.9%
Indonesia	2.5	1.2	2.0	2.1	-5.6%
Japan	1.2	0.8	1.0	0.9	-9.1%
Others	1.4	1.4	1.4	1.4	0.0%
Total	22.8	17.1	28.4	26.8	5.5%

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

China (98.9M units)
Indonesia (23.1M units)
Taiwan (Chinese) (11.4M units)
India (11.0M units)
Hong Kong SAR (9.6M units)
Vietnam (6.6M units)
Japan (4.1M units)

Exports of Slide Fasteners and Parts Thereof in Sri Lanka

After three years of growth, shipments abroad of slide fasteners and parts thereoves decreased by -28.1% to 3.8M units in 2022. Over the period under review, total exports indicated modest growth from 2019 to 2022: its volume increased at an average annual rate of +1.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 27%. As a result, the exports attained the peak of 5.3M units, and then fell remarkably in the following year.

In value terms, slide fasteners and parts thereof exports shrank rapidly to $1.4M in 2022. In general, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports reached the peak of $1.8M, and then fell notably in the following year.

Export of Slide Fasteners and Parts Thereof in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Jordan	673	668	894	948	12.1%
Ethiopia	139	234	513	330	33.4%
Bangladesh	2.6	11.8	27.1	51.1	169.9%
Cambodia	1.1	0.7	0.2	50.7	258.5%
Germany	10.3	2.0	4.4	23.4	31.5%
India	61.3	82.0	12.4	8.7	-47.8%
Maldives	4.0	2.3	6.9	8.4	28.1%
Myanmar	235	142	162	1.4	-81.9%
Mauritius	N/A	14.1	50.7	N/A	259.6%
Others	106	159	148	18.5	-44.1%
Total	1,232	1,315	1,819	1,439	5.3%