Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea - 2022

Contents:

1. Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea (CIF) - 2022
2. Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea (FOB) - 2022
3. Imports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea
4. Exports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea

Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea (CIF) - 2022

The average import price for slide fasteners; fitted with chain scoops of base metals stood at $482 per thousand units in December 2022, rising by 49% against the previous month. In general, the import price continues to indicate perceptible growth. The pace of growth was the most pronounced in February 2022 when the average import price increased by 105% m-o-m. As a result, import price attained the peak level of $1.0 per unit. From March 2022 to December 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($637 per thousand units), while the price for China ($414 per thousand units) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea (FOB) - 2022

The average export price for slide fasteners; fitted with chain scoops of base metals stood at $0.3 per unit in 2022, approximately reflecting the previous year. In general, the export price saw a mild setback. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. As a result, the export price attained the peak level of $0.5 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($0.8 per unit), while the average price for exports to Myanmar ($0.2 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 Romania (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea

Imports of slide fasteners; fitted with chain scoops of base metals into South Korea soared to 12M units in 2022, increasing by 16% on the year before. Over the period under review, imports, however, saw a noticeable descent. Over the period under review, imports of reached the peak figure at 14M 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 expanded rapidly to $5M in 2022. In general, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 +58.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Slide Fasteners; Fitted with Chain Scoops of Base Metal to South Korea in 2022:

1. China (5.5M units)
2. Vietnam (5.4M units)
3. Japan (0.7M units)
4. Italy (0.3M units)

Exports of Slide Fasteners; Fitted with Chain Scoops of Base Metal in South Korea

In 2022, after two years of decline, there was significant growth in shipments abroad of slide fasteners; fitted with chain scoops of base metals, when their volume increased by 20% to 7.3M units. The total export volume increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of slide fasteners; fitted with chain scoops of base metals skyrocketed to $2.6M in 2022. Over the period under review, exports, however, recorded a abrupt decline. Over the period under review, the exports of attained the peak figure at $3.4M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Slide Fasteners; Fitted with Chain Scoops of Base Metal from South Korea in 2022:

1. Vietnam (4431.6K units)
2. Myanmar (1210.3K units)
3. United States (621.9K units)
4. Indonesia (349.2K units)
5. China (231.7K units)
6. Czech Republic (164.3K units)
7. Romania (162.4K units)

Source: IndexBox Market Intelligence Platform