Ecuador: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Ecuador

In 2022, the Ecuadorian button blanks and moulds market decreased by -28.9% to $X, falling for the second consecutive year after five years of growth. Over the period under review, consumption recorded a noticeable decrease. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Button Blanks & Button Moulds in Ecuador

In value terms, button blanks and moulds production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Button blanks and moulds production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports from Ecuador

In 2022, exports of button blanks & button moulds from Ecuador dropped sharply to X tons, which is down by -26.5% on 2021 figures. In general, exports showed a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 113%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, button blanks and moulds exports contracted rapidly to $X in 2022. Overall, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 109% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Spain (X tons) and Hong Kong SAR (X tons) were the main destinations of button blanks and moulds exports from Ecuador, together accounting for 66% of total exports. Turkey, Italy, India, South Korea, Japan and Panama lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +48.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and Hong Kong SAR ($X) appeared to be the largest markets for button blanks and moulds exported from Ecuador worldwide, together comprising 65% of total exports. Turkey, Italy, India, Japan, South Korea and Panama lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, India, with a CAGR of +46.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average button blanks and moulds export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Spain ($X per ton), while the average price for exports to Panama ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Ecuador

In 2022, overseas purchases of button blanks & button moulds were finally on the rise to reach X tons after seven years of decline. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 127%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, button blanks and moulds imports soared to $X in 2022. In general, imports enjoyed a moderate expansion. The pace of growth was the most pronounced in 2013 when imports increased by 140% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main button blanks and moulds supplier to Ecuador, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of button blanks & button moulds to Ecuador.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.0%.

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, leveling off at the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, button blanks and moulds import price decreased by -29.3% against 2013 indices. The most prominent rate of growth was recorded in 2013 an increase of 117%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.1% per year.

Source: IndexBox Platform

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