India: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in India

The Indian button blanks and moulds market expanded modestly to $X in 2022, growing by 3.1% against the previous year. Overall, consumption, however, showed a slight descent. The pace of growth was the most pronounced in 2020 with an increase of 6.7%. Button blanks and moulds consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Button Blanks & Button Moulds in India

In value terms, button blanks and moulds production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 41% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Button Blanks & Button Moulds

Exports from India

In 2022, approx. X tons of button blanks & button moulds were exported from India; remaining relatively unchanged against the previous year's figure. Over the period under review, exports saw a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 60%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, button blanks and moulds exports soared to $X in 2022. In general, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +95.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X tons), Italy (X tons) and South Korea (X tons) were the main destinations of button blanks and moulds exports from India, with a combined 71% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +4.8%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for button blanks & button moulds exports from India, comprising 43% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports. It was followed by China, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+0.8% per year) and China (+2.6% per year).

Export Prices by Country

In 2022, the average button blanks and moulds export price amounted to $X per ton, picking up by 29% against the previous year. In general, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 +19.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 Vietnam ($X per ton), while the average price for exports to China ($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 Vietnam (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into India

In 2022, button blanks and moulds imports into India skyrocketed to X tons, jumping by 25% on the previous year. Overall, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 130%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, button blanks and moulds imports skyrocketed to $X in 2022. Over the period under review, imports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 49%. Over the period under review, imports reached the maximum 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 India, with a 48% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. Ecuador (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+4.0% per year) and Ecuador (+39.1% per year).

In value terms, the largest button blanks and moulds suppliers to India were Ecuador ($X), China ($X) and the United States ($X), together accounting for 71% of total imports.

Ecuador, with a CAGR of +43.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Hong Kong SAR ($X per ton), while the price for Portugal ($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 (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :