Price for Slide Fasteners and Parts Thereof in Pakistan - 2023

Price for Slide Fasteners and Parts Thereof in Pakistan (CIF) - 2023

The average import price for slide fasteners and parts thereoves stood at $41.3 per thousand units in February 2023, dropping by -18.1% against the previous month. Over the period under review, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in October 2022 when the average import price increased by 9.6% month-to-month. The import price peaked at $76.5 per thousand units in March 2022; however, from April 2022 to February 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($70.0 per thousand units), while the price for Japan ($7.0 per thousand units) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-0.5%), while the prices for the other major suppliers experienced a decline.

Price for Slide Fasteners and Parts Thereof in Pakistan (FOB) - 2022

The average export price for slide fasteners and parts thereoves stood at less than $0.1 per unit in 2022, jumping by 44% against the previous year. Overall, the export price saw a temperate expansion. The most prominent rate of growth was recorded in 2016 an increase of 62% against the previous year. The export price peaked at $0.1 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($0.1 per unit), while the average price for exports to Turkey (less than $0.1 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 Germany (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in Pakistan

In 2022, imports of slide fasteners and parts thereoves into Pakistan contracted markedly to 494M units, with a decrease of -15.6% on the previous year's figure. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 311%. As a result, imports attained the peak of 585M units, and then fell markedly in the following year.

In value terms, slide fasteners and parts thereof imports contracted to $31M in 2022. Over the period under review, imports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 109% against the previous year. As a result, imports attained the peak of $36M, and then shrank in the following year.

Import of Slide Fasteners and Parts Thereof in Pakistan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	15.8	11.2	15.6	13.2	-5.8%
Indonesia	1.9	1.7	9.8	8.4	64.1%
Japan	1.4	1.5	7.6	6.4	66.0%
Taiwan (Chinese)	0.9	0.9	1.6	1.4	15.9%
Bangladesh	2.0	1.0	0.6	1.0	-20.6%
Italy	0.2	0.3	N/A	0.2	0.0%
Others	2.5	0.7	1.1	0.9	-28.9%
Total	24.8	17.3	36.2	31.4	8.2%

Top Suppliers of Slide Fasteners and Parts Thereof to Pakistan in 2022:

China (276.5M units)
Indonesia (108.6M units)
Japan (57.6M units)
Bangladesh (24.5M units)
Taiwan (Chinese) (12.9M units)
Italy (5.5M units)

Exports of Slide Fasteners and Parts Thereof in Pakistan

In 2022, shipments abroad of slide fasteners and parts thereoves decreased by -47.5% to 1.9M units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of 289%. As a result, the exports reached the peak of 15M units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, slide fasteners and parts thereof exports dropped notably to $82K in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 245% against the previous year. As a result, the exports attained the peak of $518K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Slide Fasteners and Parts Thereof in Pakistan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	43.4	368	4.5	39.8	-2.8%
United Arab Emirates	56.4	99.7	34.4	20.1	-29.1%
United States	17.2	9.7	34.3	13.5	-7.8%
Germany	0.1	3.4	8.6	3.4	224.0%
United Kingdom	17.8	6.4	2.6	2.9	-45.4%
Bangladesh	N/A	N/A	6.9	N/A	0%
Others	15.2	30.7	17.8	2.6	-44.5%
Total	150	518	109	82.3	-18.1%