Asia: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Asia

The Asian button blanks and moulds market rose notably to $X in 2022, growing by 5.5% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Button Blanks & Button Moulds in Asia

In value terms, button blanks and moulds production rose slightly to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value 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, production decreased by -1.7% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 25% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports in Asia

In 2022, exports of button blanks & button moulds in Asia dropped to X tons, falling by -2.8% on the previous year. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. As a result, the exports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, button blanks and moulds exports expanded rapidly to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the key exporter of button blanks & button moulds in Asia, with the volume of exports recording X tons, which was near 55% of total exports in 2022. Hong Kong SAR (X tons) ranks second in terms of the total exports with a 20% share, followed by India (15%). The following exporters - Taiwan (Chinese) (X tons), Indonesia (X tons) and Turkey (X tons) - together made up 8.3% of total exports.

Exports from China increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Turkey (+7.0%), Hong Kong SAR (+2.4%) and Indonesia (+2.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +7.0% from 2012-2022. By contrast, India (-3.8%) and Taiwan (Chinese) (-5.7%) illustrated a downward trend over the same period. While the share of China (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-3.8 p.p.) and India (-12.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest button blanks and moulds supplying countries in Asia were China ($X), Hong Kong SAR ($X) and India ($X), with a combined 89% share of total exports.

Hong Kong SAR, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 Asia amounted to $X per ton, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.3%. The most prominent rate of growth was recorded in 2013 an increase of 16%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Turkey ($X 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 (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports in Asia

In 2022, imports of button blanks & button moulds in Asia soared to X tons, increasing by 42% on the previous year. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, button blanks and moulds imports fell to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Myanmar (X tons), China (X tons) and the Philippines (X tons) represented roughly 61% of total imports in 2022. Bangladesh (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (6.4%) and Vietnam (5.2%). Hong Kong SAR (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of +71.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Bangladesh ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together comprising 50% of total imports. Myanmar, the Philippines, Indonesia, Hong Kong SAR and Turkey lagged somewhat behind, together comprising a further 33%.

Myanmar, with a CAGR of +43.0%, saw the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2022, which is down by -35% against the previous year. In general, the import price showed a pronounced decrease. The pace of growth was the most pronounced in 2021 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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