Hong Kong SAR, China: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Hong Kong SAR, China

The Hong Kong button blanks and moulds market dropped dramatically to $X in 2022, with a decrease of -21% against the previous year. In general, consumption showed a abrupt contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Button Blanks & Button Moulds in Hong Kong SAR, China

In value terms, button blanks and moulds production amounted to less than $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with a decrease of 99.9% against the previous year. Button blanks and moulds production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports from Hong Kong SAR, China

In 2022, the amount of button blanks & button moulds exported from Hong Kong SAR contracted to X tons, declining by -7.7% on 2021. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 39%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, button blanks and moulds exports expanded remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Vietnam (X tons) was the main destination for button blanks and moulds exports from Hong Kong SAR, with a 44% share of total exports. Moreover, button blanks and moulds exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), threefold. Bangladesh (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Vietnam totaled +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.5% per year) and Bangladesh (+13.4% per year).

In value terms, Vietnam ($X) remains the key foreign market for button blanks & button moulds exports from Hong Kong SAR, comprising 54% of total exports. The second position in the ranking was held by Indonesia ($X), with an 8.9% share of total exports. It was followed by Bangladesh, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Vietnam totaled +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+12.1% per year) and Bangladesh (+23.1% per year).

Export Prices by Country

In 2022, the average button blanks and moulds export price amounted to $X per ton, surging by 21% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.7% 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 export price increased by +131.0% against 2012 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Myanmar ($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 Bangladesh (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of button blanks & button moulds decreased by -64.8% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when imports increased by 34%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, button blanks and moulds imports contracted dramatically to $X in 2022. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest button blanks and moulds supplier to Hong Kong SAR, with a 74% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-11.7% per year) and India (-31.5% per year).

In value terms, China ($X) constituted the largest supplier of button blanks & button moulds to Hong Kong SAR, comprising 74% of total imports. The second position in the ranking was held by Ecuador ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-13.0% per year) and India (-34.3% per year).

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, declining by -2.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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