Price for Slide Fasteners and Parts Thereof in the UK - 2023

Contents:

1. Price for Slide Fasteners and Parts Thereof in the UK (CIF) - 2022
2. Price for Slide Fasteners and Parts Thereof in the UK (FOB) - 2022
3. Imports of Slide Fasteners and Parts Thereof in the UK
4. Exports of Slide Fasteners and Parts Thereof in the UK

Price for Slide Fasteners and Parts Thereof in the UK (CIF) - 2022

In 2022, the average import price for slide fasteners and parts thereoves amounted to $0.2 per unit, falling by -5.2% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 41% against the previous year. Over the period under review, average import prices hit record highs at $0.2 per unit in 2019; however, from 2020 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 the United States ($1.5 per unit), while the price for Indonesia ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for slide fasteners and parts thereoves stood at $0.9 per unit in 2022, rising by 19% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 40% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($2 per unit), while the average price for exports to Malaysia ($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 Ireland (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Slide Fasteners and Parts Thereof in the UK

Slide fasteners and parts thereof imports into the UK reduced to 79M units in 2022, dropping by -13.2% against 2021. In general, imports showed a precipitous decrease. The smallest decline of -12.7% was in 2021. Imports peaked at 506M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, slide fasteners and parts thereof imports contracted remarkably to $15M in 2022. Overall, imports faced a sharp descent. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Over the period under review, imports hit record highs at $108M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

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

1. China (36.5M units)
2. Taiwan (Chinese) (7.6M units)
3. Indonesia (7.6M units)
4. Turkey (7.5M units)
5. Japan (4.3M units)
6. Hong Kong SAR (3.6M units)
7. Italy (2.1M units)
8. Germany (1.8M units)
9. United States (0.2M units)

Exports of Slide Fasteners and Parts Thereof in the UK

In 2022, exports of slide fasteners and parts thereoves from the UK fell to 20M units, dropping by -6.7% against the year before. Overall, exports saw a deep downturn. The smallest decline of -6.4% was in 2020. The exports peaked at 25M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, slide fasteners and parts thereof exports rose significantly to $18M in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Slide Fasteners and Parts Thereof from the UK in 2022:

1. China (4.4M units)
2. Romania (2.8M units)
3. Denmark (1.2M units)
4. Germany (0.8M units)
5. Malaysia (0.7M units)
6. Vietnam (0.7M units)
7. Poland (0.6M units)
8. Lithuania (0.6M units)
9. France (0.6M units)
10. Ireland (0.6M units)
11. Hong Kong SAR (0.5M units)
12. Turkey (0.4M units)
13. Norway (0.4M units)

Source: IndexBox Market Intelligence Platform