Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the United Arab Emirates - 2022

Contents:

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

Price for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the United Arab Emirates (CIF) - 2022

The average import price for press-fasteners, snap-fasteners, press-studs and parts therefor stood at $21,303 per ton in 2022, with a decrease of -1.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. The import price peaked at $23,154 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Japan ($54,410 per ton), while the price for China ($9,754 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.7%), 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 the United Arab Emirates (FOB) - 2022

In 2022, the average export price for press-fasteners, snap-fasteners, press-studs and parts therefor amounted to $6,143 per ton, rising by 34% against the previous year. In general, the export price posted tangible growth. The growth pace was the most rapid in 2016 an increase of 198% against the previous year. As a result, the export price attained the peak level of $18,935 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($26,670 per ton), while the average price for exports to Tanzania ($564 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 Iran (+40.1%), 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 the United Arab Emirates

Imports of press-fasteners, snap-fasteners, press-studs and parts therefor into the United Arab Emirates soared to 127 tons in 2022, with an increase of 56% on the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% 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 +57.3% against 2020 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 soared to $2.7M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +75.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor to the United Arab Emirates in 2022:

1. Taiwan (Chinese) (54.3 tons)
2. China (40.0 tons)
3. Japan (14.9 tons)
4. Czech Republic (6.7 tons)
5. United States (6.2 tons)

Exports of Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor in the United Arab Emirates

In 2022, exports of press-fasteners, snap-fasteners, press-studs and parts therefor from the United Arab Emirates skyrocketed to 72 tons, growing by 280% compared with the previous year. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 304%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of press-fasteners, snap-fasteners, press-studs and parts therefor surged to $443K in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Press-Fasteners, Snap-Fasteners, Press-Studs and Parts Therefor from the United Arab Emirates in 2022:

1. Tanzania (27.6 tons)
2. Iraq (17.7 tons)
3. Oman (6.8 tons)
4. Qatar (6.2 tons)
5. Uganda (3.3 tons)
6. Germany (3.2 tons)
7. Libya (1.7 tons)

Source: IndexBox Market Intelligence Platform