Central Asia: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Central Asia

In 2022, the Central Asian button blanks and moulds market decreased by -0.6% to $X, falling for the third year in a row after four years of growth. In general, consumption enjoyed a resilient expansion. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Button Blanks & Button Moulds in Central Asia

In value terms, button blanks and moulds production fell to $X in 2022 estimated in export price. The total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -5.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 41% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Button Blanks & Button Moulds

Exports in Central Asia

In 2022, exports of button blanks & button moulds in Central Asia totaled X kg, almost unchanged from the previous year's figure. In general, exports recorded a deep setback. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the peak figure at X kg in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, button blanks and moulds exports amounted to $X in 2022. Overall, exports continue to indicate a significant decrease. The smallest decline of 99.9% was in 2021. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per ton, dropping by -94.9% against the previous year. In general, the export price showed a precipitous decrease. The pace of growth was the most pronounced in 2017 an increase of 133%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Uzbekistan.

From 2016 to 2022, the rate of growth in terms of prices for Uzbekistan amounted to -77.4% per year.

Imports of Button Blanks & Button Moulds

Imports in Central Asia

In 2022, supplies from abroad of button blanks & button moulds decreased by -58.4% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 905% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, button blanks and moulds imports declined sharply to $X in 2022. Over the period under review, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 102% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X kg) was the largest importer of button blanks & button moulds, committing 66% of total imports. Uzbekistan (X kg) took the second position in the ranking, distantly followed by Tajikistan (X kg) and Mongolia (X kg). All these countries together took approx. 32% share of total imports. Turkmenistan (X kg) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to button blanks and moulds imports into Kazakhstan stood at -18.0%. At the same time, Mongolia (+17.2%) displayed positive paces of growth. Moreover, Mongolia emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +17.2% from 2012-2022. By contrast, Tajikistan (-6.6%), Turkmenistan (-24.3%) and Uzbekistan (-55.7%) illustrated a downward trend over the same period. While the share of Uzbekistan (+21 p.p.), Mongolia (+4.7 p.p.) and Tajikistan (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Turkmenistan (-5.3 p.p.) and Kazakhstan (-24.2 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported button blanks & button moulds in Central Asia, comprising 63% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 25% share of total imports. It was followed by Mongolia, with a 7.2% share.

In Uzbekistan, button blanks and moulds imports plunged by an average annual rate of -7.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (-18.2% per year) and Mongolia (+8.4% per year).

Import Prices by Country

In 2022, the import price in Central Asia amounted to $X per ton, increasing by 34% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 381% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+109.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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