China: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in China

The Chinese button blanks and moulds market reached $X in 2022, surging by 3.5% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Button Blanks & Button Moulds in China

In value terms, button blanks and moulds production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2016 when the production volume increased by 13%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports from China

In 2022, the amount of button blanks & button moulds exported from China reduced modestly to X tons, dropping by -4.9% compared with the previous year's figure. Overall, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +36.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, button blanks and moulds exports contracted to $X in 2022. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 58% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Bangladesh (X tons) was the main destination for button blanks and moulds exports from China, with a 28% share of total exports. Moreover, button blanks and moulds exports to Bangladesh exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. Turkey (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh totaled +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+113.4% per year) and Turkey (+9.9% per year).

In value terms, Bangladesh ($X) remains the key foreign market for button blanks & button moulds exports from China, comprising 20% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 7.8% share of total exports. It was followed by Egypt, with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh amounted to +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+111.9% per year) and Egypt (+20.0% per year).

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, surging by 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2013 an increase of 21%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Russia ($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 Egypt (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into China

In 2022, approx. X tons of button blanks & button moulds were imported into China; surging by 4.7% on 2021 figures. The total import volume increased at an average annual rate of +3.8% over the period 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 with an increase of 20%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, button blanks and moulds imports totaled $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Ecuador (X tons), India (X tons) and Italy (X tons) were the main suppliers of button blanks and moulds imports to China, with a combined 43% share of total imports. Indonesia, Japan, Vietnam and Pakistan lagged somewhat behind, together accounting for a further 8.3%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +150.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) constituted the largest supplier of button blanks & button moulds to China, comprising 29% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by India, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from Ecuador was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.8% per year) and India (-5.8% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, increasing by 9.6% against the previous year. Overall, the import price, however, recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 an increase of 28%. The import price peaked at $X per ton in 2012; however, from 2013 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 Japan ($X per ton), while the price for Pakistan ($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 (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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