Belgium: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Belgium

The Belgian button blanks and moulds market stood at $X in 2022, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Belgium

In value terms, button blanks and moulds production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of 26%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from Belgium

In 2022, shipments abroad of button blanks & button moulds decreased by -5.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2019 with an increase of 169% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, button blanks and moulds exports declined to $X in 2022. Overall, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 84% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Tunisia (X tons), France (X tons) and Ireland (X kg) were the main destinations of button blanks and moulds exports from Belgium, together comprising 83% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of +292.8%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for button blanks & button moulds exports from Belgium, comprising 63% of total exports. The second position in the ranking was held by Tunisia ($X), with a 12% share of total exports. It was followed by Ireland, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+35.1% per year) and Ireland (+310.0% per year).

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, reducing by -4.9% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 76% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 France ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Ireland (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Button Blanks & Button Moulds

Imports into Belgium

In 2022, button blanks and moulds imports into Belgium reduced remarkably to X tons, which is down by -32.4% against 2021. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 323%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, button blanks and moulds imports fell significantly to $X in 2022. Overall, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 204% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X kg), China (X kg) and South Korea (X kg) were the main suppliers of button blanks and moulds imports to Belgium, together accounting for 69% of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +3,440.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of button blanks & button moulds to Belgium, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +76.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.1% per year) and China (+16.3% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, falling by -12.1% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2017 an increase of 30%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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