Argentina: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Argentina

The Argentinian button blanks and moulds market stood at $X in 2022, increasing by 9.5% against the previous year. Overall, consumption saw a prominent increase. Button blanks and moulds consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Button Blanks & Button Moulds in Argentina

In value terms, button blanks and moulds production expanded markedly to $X in 2022 estimated in export price. In general, production posted a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of 102% against the previous year. Button blanks and moulds production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Button Blanks & Button Moulds

Exports from Argentina

In 2022, shipments abroad of button blanks & button moulds decreased by -41.1% to X kg, falling for the third year in a row after four years of growth. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2019 with an increase of 763% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, button blanks and moulds exports shrank remarkably to $X in 2022. Overall, exports recorded a sharp contraction. The pace of growth appeared the most rapid in 2019 with an increase of 950% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X kg), Chile (X kg) and Uruguay (X kg) were the main destinations of button blanks and moulds exports from Argentina, with a combined 82% share of total exports. Bolivia and the Netherlands lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of 0.0%), while the other leaders experienced a decline.

In value terms, Turkey ($X) remains the key foreign market for button blanks & button moulds exports from Argentina, comprising 62% of total exports. The second position in the ranking was taken by Chile ($X), with a 20% share of total exports. It was followed by Bolivia, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-32.2% per year) and Bolivia (-13.3% per year).

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, surging by 40% against the previous year. In general, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 94% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Uruguay ($X 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 Bolivia (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Argentina

In 2022, supplies from abroad of button blanks & button moulds increased by 30% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 182% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, button blanks and moulds imports expanded remarkably to $X in 2022. In general, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 233% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest button blanks and moulds supplier to Argentina, accounting for a 82% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.3% per year) and Brazil (+10.0% per year).

In value terms, China ($X) constituted the largest supplier of button blanks & button moulds to Argentina, comprising 78% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+1.0% per year) and Brazil (+3.5% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, waning by -13.6% against the previous year. Over the period under review, the import price, however, posted a measured expansion. The pace of growth appeared the most rapid in 2020 an increase of 47% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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