GCC: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in GCC

In 2022, after three years of growth, there was decline in the GCC button blanks and moulds market, when its value decreased by -2.6% to $X. The total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.6% against 2017 indices. The level of consumption peaked at $X in 2021, and then contracted modestly in the following year.

Production of Button Blanks & Button Moulds in GCC

In value terms, button blanks and moulds production amounted to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 -1.3% against 2020 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports in GCC

Button blanks and moulds exports surged to X tons in 2022, rising by 78% on the previous year's figure. In general, exports saw pronounced growth. The growth pace was the most rapid in 2018 with an increase of 417% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, button blanks and moulds exports soared to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 644%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons), together recording 100% of total export.

The United Arab Emirates was also the fastest-growing in terms of the button blanks & button moulds exports, with a CAGR of +4.7% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by +3.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest button blanks and moulds supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates was relatively modest.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with a decrease of -9.7% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -3.9% per year.

Imports of Button Blanks & Button Moulds

Imports in GCC

In 2022, the amount of button blanks & button moulds imported in GCC declined significantly to X tons, with a decrease of -31.2% compared with the previous year's figure. Overall, imports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 156%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, button blanks and moulds imports declined sharply to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 162%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia was the key importer of button blanks & button moulds in GCC, with the volume of imports accounting for X tons, which was approx. 58% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), generating a 34% share of total imports. Oman (X tons), Kuwait (X tons) and Qatar (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported button blanks & button moulds in GCC, comprising 64% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 25% share of total imports. It was followed by Kuwait, with a 4.5% share.

In the United Arab Emirates, button blanks and moulds imports increased at an average annual rate of +5.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-3.1% per year) and Kuwait (+8.5% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, increasing by 6.9% against the previous year. In general, the import price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2019 an increase of 18%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+7.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform