Eastern Asia: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Eastern Asia

The East Asian button blanks and moulds market reached $X in 2022, growing by 3.7% against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Button Blanks & Button Moulds in Eastern Asia

In value terms, button blanks and moulds production expanded modestly 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 +4.6% 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 -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 26%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports in Eastern Asia

In 2022, the amount of button blanks & button moulds exported in Eastern Asia contracted to X tons, falling by -5.8% compared with the previous year's figure. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +31.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. As a result, the exports attained the peak of X tons, and then shrank in the following year.

In value terms, button blanks and moulds exports expanded modestly to $X in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 49%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China was the main exporter of button blanks & button moulds in Eastern Asia, with the volume of exports recording X tons, which was approx. 70% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), creating a 25% share of total exports. Taiwan (Chinese) (X tons) took a minor share of total exports.

China was also the fastest-growing in terms of the button blanks & button moulds exports, with a CAGR of +5.5% from 2012 to 2022. At the same time, Hong Kong SAR (+2.4%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-5.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +11 percentage points.

In value terms, the largest button blanks and moulds supplying countries in Eastern Asia were China ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), together comprising 98% of total exports.

Among the main exporting countries, Hong Kong SAR, with a CAGR of +11.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.1%. The pace of growth was the most pronounced in 2020 an increase of 13%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($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 (+8.7%), while the other leaders experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports in Eastern Asia

In 2022, overseas purchases of button blanks & button moulds decreased by -19.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2019 with an increase of 23%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, button blanks and moulds imports declined sharply to $X in 2022. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 22% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) represented the major importer of button blanks & button moulds, creating 69% of total imports. Hong Kong SAR (X tons) ranks second in terms of the total imports with a 16% share, followed by South Korea (11%). Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the button blanks & button moulds imports, with a CAGR of +3.8% from 2012 to 2022. South Korea (-4.4%), Japan (-9.3%) and Hong Kong SAR (-17.4%) illustrated a downward trend over the same period. China (+43 p.p.) and South Korea (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Japan and Hong Kong SAR saw its share reduced by -1.7% and -42.5% from 2012 to 2022, respectively.

In value terms, China ($X), South Korea ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, with a combined 88% share of total imports.

China, with a CAGR of +1.6%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, shrinking by -4.2% against the previous year. Over the period under review, the import price saw a mild descent. The pace of growth appeared the most rapid in 2021 an increase of 22%. The level of import peaked 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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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