Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka - 2022
Contents:
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka (CIF) - 2022
- Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka (FOB) - 2022
- Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka
- Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka (CIF) - 2022
In 2022, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $21,176 per ton, with an increase of 2.4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $24,820 per ton in 2013; however, from 2014 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 Thailand ($34,053 per ton), while the price for China ($18,261 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka (FOB) - 2022
The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $21,000 per ton in 2022, with an increase of 12% against the previous year. Overall, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 31% against the previous year. As a result, the export price attained the peak level of $35,793 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($29,062 per ton), while the average price for exports to Ethiopia ($5,381 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+10.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka
In 2022, imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Sri Lanka dropped sharply to 565 tons, falling by -25.7% on 2021 figures. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. As a result, imports reached the peak of 761 tons, and then declined sharply in the following year.
In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor contracted significantly to $12M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.3% 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 +41.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 86% against the previous year. As a result, imports attained the peak of $16M, and then contracted rapidly in the following year.
| Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 4.0 | 8.1 | 7.7 | 25.5% |
| Hong Kong SAR | 2.9 | 2.9 | 5.7 | 3.8 | 9.4% |
| Thailand | 2.3 | 0.8 | 0.9 | 0.1 | -64.8% |
| Germany | 0.3 | 0.4 | 0.2 | 0.1 | -30.7% |
| Others | 0.6 | 0.5 | 0.8 | 0.3 | -20.6% |
| Total | 10.0 | 8.5 | 15.7 | 12.0 | 6.3% |
Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Sri Lanka in 2022:
- China (422.7 tons)
- Hong Kong SAR (131.0 tons)
- Germany (3.4 tons)
- Thailand (2.5 tons)
Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka
In 2022, the amount of press-fasteners, snap-fasteners, press-studs and parts therefor exported from Sri Lanka skyrocketed to 37 tons, increasing by 330% against the previous year. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor surged to $771K in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 67.8 | 87.3 | 24.7 | 401 | 80.8% |
| Bangladesh | 15.1 | 15.9 | 3.7 | 307 | 172.9% |
| Vietnam | 117 | 158 | 48.2 | 21.4 | -43.2% |
| China | 32.7 | 43.9 | 12.9 | 4.6 | -48.0% |
| Hong Kong SAR | 7.7 | 43.8 | 9.7 | 2.4 | -32.2% |
| Papua New Guinea | 5.2 | 9.3 | 4.4 | 0.5 | -54.2% |
| Jordan | 3.5 | 9.6 | 27.5 | N/A | 180.3% |
| United Arab Emirates | 2.0 | N/A | N/A | N/A | 0% |
| Tunisia | 70.3 | N/A | N/A | N/A | 0% |
| Madagascar | N/A | 137 | N/A | N/A | 0% |
| Pakistan | 19.7 | 28.9 | 9.3 | N/A | -31.3% |
| Others | 60.9 | 43.2 | 19.2 | 33.8 | -17.8% |
| Total | 402 | 577 | 160 | 771 | 24.2% |
Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Sri Lanka in 2022:
- India (21.0 tons)
- Bangladesh (13.8 tons)
- Vietnam (1.2 tons)
- China (0.2 tons)
- Papua New Guinea (0.1 tons)
- Hong Kong SAR (0.1 tons)
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