Lithuania: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Lithuania

The Lithuanian button blanks and moulds market soared to $X in 2022, rising by 30% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt downturn. 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 Lithuania

In value terms, button blanks and moulds production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. Button blanks and moulds production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from Lithuania

In 2022, the amount of button blanks & button moulds exported from Lithuania declined rapidly to X tons, which is down by -50.5% against the previous year. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 1,243%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, button blanks and moulds exports fell dramatically to $X in 2022. Overall, exports, however, posted perceptible growth. The pace of growth was the most pronounced in 2014 when exports increased by 487%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X kg) was the main destination for button blanks and moulds exports from Lithuania, accounting for a 64% share of total exports. Moreover, button blanks and moulds exports to Spain exceeded the volume sent to the second major destination, Russia (X kg), twofold. The third position in this ranking was taken by Estonia (X kg), with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to -18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-8.0% per year) and Estonia (+65.4% per year).

In value terms, Austria ($X), Spain ($X) and Russia ($X) were the largest markets for button blanks and moulds exported from Lithuania worldwide, together accounting for 81% of total exports. Estonia and Germany lagged somewhat behind, together accounting for a further 14%.

Among the main countries of destination, Estonia, with a CAGR of +69.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, shrinking by -70.3% against the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2018 when the average export price increased by 113%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the average price for exports to Spain ($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 Austria (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Lithuania

In 2022, purchases abroad of button blanks & button moulds decreased by -2.2% to X tons, falling for the second year in a row after nine years of growth. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 121% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, button blanks and moulds imports fell slightly to $X in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 94% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest button blanks and moulds supplier to Lithuania, accounting for a 86% share of total imports. Moreover, button blanks and moulds imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +38.1%.

In value terms, Germany ($X) constituted the largest supplier of button blanks & button moulds to Lithuania, comprising 90% of total imports. The second position in the ranking was held by Sweden ($X), with a 7.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +34.8%.

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 17%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-2.4%).

Source: IndexBox Platform