Greece: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Greece

In 2022, the Greek button blanks and moulds market decreased by -5.9% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate tangible growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Button Blanks & Button Moulds in Greece

In value terms, button blanks and moulds production surged to $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 119%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from Greece

In 2022, approx. X tons of button blanks & button moulds were exported from Greece; growing by 6,409% against the previous year's figure. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, button blanks and moulds exports soared to $X in 2022. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for button blanks and moulds exports from Greece, with a 81% share of total exports. Moreover, button blanks and moulds exports to Italy exceeded the volume sent to the second major destination, Romania (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +85.8%.

In value terms, Italy ($X) emerged as the key foreign market for button blanks & button moulds exports from Greece, comprising 73% of total exports. The second position in the ranking was taken by Romania ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +36.8%.

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, which is down by -61.2% against the previous year. Overall, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 277%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Button Blanks & Button Moulds

Imports into Greece

In 2022, purchases abroad of button blanks & button moulds increased by 617% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 746% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, button blanks and moulds imports surged to $X in 2022. In general, imports saw a temperate expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest button blanks and moulds supplier to Greece, with a 86% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), sixfold. The third position in this ranking was taken by Germany (X kg), with a 0.7% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +61.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-9.2% per year) and Germany (+5.6% per year).

In value terms, China ($X) constituted the largest supplier of button blanks & button moulds to Greece, comprising 78% of total imports. The second position in the ranking was taken by the UK ($X), with a 17% share of total imports. It was followed by Germany, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +55.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+2.8% per year) and Germany (+9.3% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, dropping by -28.7% against the previous year. Over the period under review, the import price recorded a pronounced decline. The growth pace was the most rapid in 2015 an increase of 98%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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