Latin America and the Caribbean: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Latin America and the Caribbean

The Latin American button blanks and moulds market stood at $X in 2022, growing by 2.9% against the previous year. In general, consumption, however, saw a mild decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Button Blanks & Button Moulds in Latin America and the Caribbean

In value terms, button blanks and moulds production stood at $X in 2022 estimated in export price. Over the period under review, production recorded a slight decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 36%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Button Blanks & Button Moulds

Exports in Latin America and the Caribbean

In 2022, approx. X tons of button blanks & button moulds were exported in Latin America and the Caribbean; declining by -25.5% on the previous year's figure. In general, exports saw a perceptible slump. The pace of growth was the most pronounced in 2021 with an increase of 101%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, button blanks and moulds exports shrank dramatically to $X in 2022. Overall, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 90% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador dominates exports structure, accounting for X tons, which was approx. 96% of total exports in 2022. Mexico (X tons) followed a long way behind the leaders.

Ecuador was also the fastest-growing in terms of the button blanks & button moulds exports, with a CAGR of -3.1% from 2012 to 2022. Mexico (-12.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador increased by +5.1 percentage points.

In value terms, Ecuador ($X) remains the largest button blanks and moulds supplier in Latin America and the Caribbean, comprising 93% of total exports. The second position in the ranking was taken by Mexico ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Ecuador stood at -3.2%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 1.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 15% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Ecuador amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (-0.1%).

Imports of Button Blanks & Button Moulds

Imports in Latin America and the Caribbean

In 2022, overseas purchases of button blanks & button moulds increased by 4% to X tons, rising for the second year in a row after seven years of decline. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 66%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, button blanks and moulds imports reduced modestly to $X in 2022. Overall, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 73%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Mexico represented the major importing country with an import of about X tons, which accounted for 41% of total imports. Argentina (X tons) ranks second in terms of the total imports with a 15% share, followed by Colombia (8.7%), Panama (7.1%), Bolivia (5.3%) and Peru (5.2%). Chile (X tons) followed a long way behind the leaders.

Imports into Mexico decreased at an average annual rate of -10.4% from 2012 to 2022. At the same time, Panama (+36.5%), Bolivia (+26.4%), Peru (+13.7%) and Chile (+2.3%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +36.5% from 2012-2022. Colombia experienced a relatively flat trend pattern. By contrast, Argentina (-6.6%) illustrated a downward trend over the same period. Panama (+7 p.p.), Colombia (+5.3 p.p.), Bolivia (+5.1 p.p.), Peru (+4.6 p.p.), Chile (+2.6 p.p.) and Argentina (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by -10.7% from 2012 to 2022, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported button blanks & button moulds in Latin America and the Caribbean, comprising 62% of total imports. The second position in the ranking was taken by Argentina ($X), with a 7.5% share of total imports. It was followed by Colombia, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled -9.3%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-2.4% per year) and Colombia (-4.5% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -7.4% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 19% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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