Japan: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Japan

The Japanese button blanks and moulds market expanded sharply to $X in 2022, with an increase of 5.1% against the previous year. Overall, consumption enjoyed strong growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Button Blanks & Button Moulds in Japan

In value terms, button blanks and moulds production expanded to $X in 2022 estimated in export price. Overall, production saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 79%. Button blanks and moulds production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports from Japan

In 2022, overseas shipments of button blanks & button moulds increased by 63% to X tons, rising for the second consecutive year after two years of decline. Overall, exports continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2015 when exports increased by 110%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, button blanks and moulds exports soared to $X in 2022. In general, exports showed perceptible growth. The most prominent rate of growth was recorded in 2021 with an increase of 124%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), South Korea (X tons) and Thailand (X tons) were the main destinations of button blanks and moulds exports from Japan, together comprising 61% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +46.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Italy ($X) and China ($X) were the largest markets for button blanks and moulds exported from Japan worldwide, together comprising 52% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +37.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, falling by -24.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 48%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($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 Myanmar (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Japan

In 2022, supplies from abroad of button blanks & button moulds was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt slump. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, button blanks and moulds imports surged to $X in 2022. In general, imports, however, continue to indicate a abrupt downturn. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), China (X tons) and Ecuador (X tons) were the main suppliers of button blanks and moulds imports to Japan, with a combined 72% share of total imports. Vietnam, Indonesia, Taiwan (Chinese), South Korea and the United States lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +11.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest button blanks and moulds suppliers to Japan were India ($X), Vietnam ($X) and Indonesia ($X), together comprising 66% of total imports.

Vietnam, with a CAGR of +7.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 an increase of 30% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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