Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States - 2023

Contents:

1. Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States (FOB) - 2023
2. Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States (CIF) - 2023
3. Exports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States
4. Imports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States

Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States (FOB) - 2023

In December 2023, the average export price for slide fasteners; fitted with chain scoops of base metals amounted to $823 per thousand units, waning by -34.7% against the previous month. Over the period under review, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 38% month-to-month. The export price peaked at $1.9 per unit in March 2023; however, from April 2023 to December 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Nicaragua ($1.9 per unit), while the average price for exports to El Salvador ($254 per thousand units) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States (CIF) - 2023

The average import price for slide fasteners; fitted with chain scoops of base metals stood at $729 per thousand units in December 2023, with a decrease of -29.5% against the previous month. Over the period under review, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 86% month-to-month. The import price peaked at $2.4 per unit in March 2023; however, from April 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Switzerland ($5.6 per unit), while the price for India ($339 per thousand units) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States

In 2022, exports of slide fasteners; fitted with chain scoops of base metals from the United States contracted rapidly to 9.6M units, falling by -37% compared with the previous year. Over the period under review, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 9%. Over the period under review, the exports of reached the peak figure at 24M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of slide fasteners; fitted with chain scoops of base metals fell significantly to $14M in 2022. Overall, exports recorded a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 22%. The exports peaked at $19M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Slide Fasteners; Fitted with Chain Scoops of Base Metal from the United States in 2022:

1. Mexico (4.6M units)
2. Honduras (1.6M units)
3. Nicaragua (0.9M units)
4. Dominican Republic (0.7M units)
5. Canada (0.5M units)
6. Guatemala (0.3M units)
7. Netherlands (0.2M units)

Imports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in the United States

In 2022, approx. 13M units of slide fasteners; fitted with chain scoops of base metals were imported into the United States; with an increase of 26% compared with the previous year. Overall, imports, however, saw a abrupt slump. Imports peaked at 16M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of slide fasteners; fitted with chain scoops of base metals dropped modestly to $9.4M in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. As a result, imports reached the peak of $9.6M, and then fell slightly in the following year.

Top Suppliers of Slide Fasteners; Fitted with Chain Scoops of Base Metal to the United States in 2022:

1. Taiwan (Chinese) (4.6M units)
2. China (3.6M units)
3. Switzerland (1.6M units)
4. India (0.6M units)
5. France (0.6M units)
6. Japan (0.3M units)
7. Canada (0.2M units)
8. Italy (0.2M units)
9. Germany (0.2M units)

Source: IndexBox Market Intelligence Platform