Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia - 2023

Contents:

  1. Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia (CIF) - 2022
  2. Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia (FOB) - 2022
  3. Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia
  4. Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia

Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia (CIF) - 2022

In 2022, the average import price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $27,769 per ton, declining by -7.5% against the previous year. In general, the import price, however, enjoyed a resilient increase. The growth pace was the most rapid in 2016 when the average import price increased by 39% against the previous year. Over the period under review, average import prices hit record highs at $30,284 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Hong Kong SAR ($27,831 per ton) and India ($27,798 per ton), while the price for Germany ($27,750 per ton) and Japan ($27,764 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), 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 Australia (FOB) - 2022

The average export price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $37,029 per ton in 2022, increasing by 21% against the previous year. In general, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 188% against the previous year. The export price peaked at $39,497 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($37,052 per ton) and Fiji ($37,039 per ton), while the average price for exports to New Caledonia ($37,000 per ton) and China ($37,000 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+45.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia

Imports of press-fasteners, snap-fasteners, press-studs and parts therefor into Australia soared to 31 tons in 2022, increasing by 56% compared with the previous year's figure. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of press-fasteners, snap-fasteners, press-studs and parts therefor skyrocketed to $857K in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.9% 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 +76.8% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States16512219332825.7%
Taiwan (Chinese)93.113215126141.0%
China15631218321010.4%
Japan37.738.845.417.3-22.9%
Germany6.013.69.017.041.5%
Others27.77.512.525.1-3.2%
Total48562659585720.9%

Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to Australia in 2022:

  1. United States (11.8 tons)
  2. Taiwan (Chinese) (9.4 tons)
  3. China (7.5 tons)
  4. Germany (0.6 tons)
  5. Japan (0.6 tons)

Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia

In 2022, approx. 22 tons of press-fasteners, snap-fasteners, press-studs and parts therefor were exported from Australia; increasing by 17% compared with the year before. Over the period under review, exports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 21%.

In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor soared to $797K in 2022. In general, exports, however, recorded a pronounced contraction.

Export of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
New Zealand525121375475-3.3%
Papua New Guinea76.131.984.010812.4%
Fiji43.222.46.760.311.8%
Hong Kong SAR1.6N/A14.739.3190.7%
United States55.832.12.136.1-13.5%
EgyptN/AN/AN/A15.60%
New Caledonia75.615835.212.7-44.8%
Thailand20.318.98.9N/A-33.8%
Others11478.537.350.6-23.7%
Total912463564797-4.4%

Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from Australia in 2022:

  1. New Zealand (12.8 tons)
  2. Papua New Guinea (2.9 tons)
  3. Fiji (1.6 tons)
  4. Hong Kong SAR (1.1 tons)
  5. United States (1.0 tons)
  6. Egypt (0.4 tons)
  7. New Caledonia (0.3 tons)

Source: IndexBox Market Intelligence Platform

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