Price for Buttons; of Plastics, Not Covered with Textile Material in Venezuela - 2022

Contents:

1. Price for Buttons; of Plastics, Not Covered with Textile Material in Venezuela (CIF) - 2022
2. Price for Buttons; of Plastics, Not Covered with Textile Material in Venezuela (FOB) - 2022
3. Imports of Buttons; of Plastics, Not Covered with Textile Material in Venezuela
4. Exports of Buttons; of Plastics, Not Covered with Textile Material in Venezuela

Price for Buttons; of Plastics, Not Covered with Textile Material in Venezuela (CIF) - 2022

The average import price for buttons; of plastics, not covered with textile materials stood at $38,161 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2018 when the average import price increased by 91% against the previous year. Over the period under review, average import prices reached the maximum at $48,799 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Peru ($233,973 per ton), while the price for Spain ($11,556 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Buttons; of Plastics, Not Covered with Textile Material in Venezuela (FOB) - 2022

The average export price for buttons; of plastics, not covered with textile materials stood at $15,000 per ton in 2022, remaining stable against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for buttons; of plastics, not covered with textile materials decreased by -9.6% against 2017 indices. The pace of growth was the most pronounced in 2016 an increase of 35% against the previous year. As a result, the export price reached the peak level of $27,347 per ton. From 2017 to 2022, the average export prices remained at a lower figure.

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 the Dominican Republic ($16,167 per ton), while the average price for exports to Costa Rica totaled $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+158.1%).

Imports of Buttons; of Plastics, Not Covered with Textile Material in Venezuela

In 2022, approx. 1.6 tons of buttons; of plastics, not covered with textile materials were imported into Venezuela; with a decrease of -43.2% against 2021. Overall, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 646%. As a result, imports attained the peak of 2.9 tons, and then dropped dramatically in the following year.

In value terms, imports of buttons; of plastics, not covered with textile materials contracted rapidly to $63K in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 557% against the previous year. As a result, imports reached the peak of $109K, and then dropped dramatically in the following year.

Top Suppliers of Buttons; of Plastics, Not Covered with Textile Material to Venezuela in 2022:

1. Spain (1047.0 kg)
2. China (265.0 kg)
3. Colombia (129.0 kg)
4. United States (79.0 kg)
5. Peru (75.0 kg)

Exports of Buttons; of Plastics, Not Covered with Textile Material in Venezuela

In 2022, overseas shipments of buttons; of plastics, not covered with textile materials decreased by 0% to 13 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 9.1%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of buttons; of plastics, not covered with textile materials declined modestly to $195 in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 2.1% against the previous year. As a result, the exports reached the peak of $197, and then dropped modestly in the following year.

Top Export Markets for Buttons; of Plastics, Not Covered with Textile Material from Venezuela in 2022:

1. Dominican Republic (12.0 kg)
2. Costa Rica (1.0 kg)

Source: IndexBox Market Intelligence Platform