Italy: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Italy

The Italian button blanks and moulds market fell notably to $X in 2022, waning by -71% against the previous year. In general, consumption, however, continues to indicate a resilient increase. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Production of Button Blanks & Button Moulds in Italy

In value terms, button blanks and moulds production surged to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 when the production volume increased by 239% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Exports of Button Blanks & Button Moulds

Exports from Italy

In 2022, after two years of decline, there was significant growth in shipments abroad of button blanks & button moulds, when their volume increased by 229% to X tons. Overall, exports saw a prominent 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 surged to $X in 2022. In general, exports saw a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for button blanks and moulds exports from Italy, accounting for a 62% share of total exports. Moreover, button blanks and moulds exports to France exceeded the volume sent to the second major destination, Spain (X tons), fourfold. The third position in this ranking was taken by Romania (X tons), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+15.9% per year) and Romania (+7.6% per year).

In value terms, France ($X) emerged as the key foreign market for button blanks & button moulds exports from Italy, comprising 42% of total exports. The second position in the ranking was held by Switzerland ($X), with a 16% share of total exports. It was followed by Spain, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+48.3% per year) and Spain (-2.8% per year).

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, dropping by -46.8% against the previous year. Overall, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2021 an increase of 87% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Estonia ($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 Estonia (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Italy

In 2022, supplies from abroad of button blanks & button moulds increased by 23% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, button blanks and moulds imports expanded rapidly to $X in 2022. Overall, total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of button blanks and moulds to Italy, accounting for a 44% share of total imports. Moreover, button blanks and moulds imports from India exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Ecuador (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.5% per year) and Ecuador (-16.8% per year).

In value terms, India ($X), Vietnam ($X) and Spain ($X) appeared to be the largest button blanks and moulds suppliers to Italy, with a combined 58% share of total imports.

Among the main suppliers, Spain, with a CAGR of +33.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, shrinking by -7.2% against the previous year. In general, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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 Vietnam ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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