Bangladesh: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Bangladesh

The Bangladeshi button blanks and moulds market reduced dramatically to $X in 2022, shrinking by -16.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a significant increase. Over the period under review, the market reached the peak level at $X in 2021, and then dropped rapidly in the following year.

Exports of Button Blanks & Button Moulds

Exports from Bangladesh

In 2022, button blanks and moulds exports from Bangladesh soared to X tons, with an increase of 1,040% against the previous year. In general, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 1,318%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, button blanks and moulds exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a deep slump. The growth pace was the most rapid in 2015 with an increase of 1,383% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Philippines (X kg) was the main destination for button blanks and moulds exports from Bangladesh, with a 18% share of total exports. Moreover, button blanks and moulds exports to the Philippines exceeded the volume sent to the second major destination, India (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-3.1% per year) and Myanmar (0.0% per year).

In value terms, the Philippines ($X) emerged as the key foreign market for button blanks & button moulds exports from Bangladesh, comprising 48% of total exports. The second position in the ranking was held by India ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Philippines was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+4.3% per year) and Myanmar (0.0% per year).

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when the average export price increased by 176%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Myanmar ($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 Spain (+21.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Button Blanks & Button Moulds

Imports into Bangladesh

In 2022, approx. X tons of button blanks & button moulds were imported into Bangladesh; declining by -12.6% against 2021. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 87%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, button blanks and moulds imports declined significantly to $X in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 98%. Imports peaked at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, China (X tons) was the main supplier of button blanks and moulds to Bangladesh, accounting for a 90% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+10.1% per year) and India (-31.3% per year).

In value terms, China ($X) constituted the largest supplier of button blanks & button moulds to Bangladesh, comprising 73% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +31.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+23.5% per year) and India (-26.6% per year).

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, declining by -5.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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