Africa: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Africa

In 2022, the African button blanks and moulds market decreased by -3.3% to $X for the first time since 2018, thus ending a three-year rising trend. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Production of Button Blanks & Button Moulds in Africa

In value terms, button blanks and moulds production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 32% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports in Africa

In 2022, shipments abroad of button blanks & button moulds increased by 14% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 243%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, button blanks and moulds exports shrank to $X in 2022. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 103%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mauritius (X tons), distantly followed by Uganda (X tons), South Africa (X tons), Tunisia (X tons) and Egypt (X tons) represented the key exporters of button blanks & button moulds, together making up 89% of total exports. The following exporters - Morocco (X kg) and Madagascar (X kg) - together made up 7.2% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Mauritius (with a CAGR of +73.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest button blanks and moulds supplying countries in Africa were Uganda ($X), Tunisia ($X) and Mauritius ($X), with a combined 68% share of total exports.

Among the main exporting countries, Mauritius, with a CAGR of +58.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, shrinking by -20.3% against the previous year. Overall, the export price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2016 when the export price increased by 213% against the previous year. The level of export peaked at $X per ton in 2021, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Mauritius ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+15.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Button Blanks & Button Moulds

Imports in Africa

Button blanks and moulds imports fell dramatically to X tons in 2022, declining by -30.3% compared with 2021. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 191% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, button blanks and moulds imports contracted to $X in 2022. Over the period under review, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Morocco (X tons), South Africa (X tons) and Ethiopia (X tons) represented the largest importer of button blanks & button moulds in Africa, generating 53% of total import. It was distantly followed by Tunisia (X tons), Kenya (X tons) and Egypt (X tons), together making up a 21% share of total imports. Nigeria (X tons), Madagascar (X tons), Cote d'Ivoire (X tons), Botswana (X tons), Namibia (X tons), Ghana (X tons) and Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of +63.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest button blanks and moulds importing markets in Africa were Morocco ($X), Tunisia ($X) and Egypt ($X), with a combined 56% share of total imports. Kenya, South Africa, Madagascar, Ethiopia, Namibia, Cote d'Ivoire, Botswana, Nigeria, Guinea and Ghana lagged somewhat behind, together accounting for a further 39%.

Namibia, with a CAGR of +54.6%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, with an increase of 30% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, button blanks and moulds import price increased by +51.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Ethiopia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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