MERCOSUR: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in MERCOSUR

The MERCOSUR button blanks and moulds market stood at $X in 2022, picking up by 3.5% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached 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 MERCOSUR

In value terms, button blanks and moulds production rose modestly to $X in 2022 estimated in export price. Overall, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 36%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports in MERCOSUR

Button blanks and moulds exports declined rapidly to X tons in 2022, with a decrease of -26.5% against the previous year's figure. Over the period under review, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 110%. The volume of export peaked 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 contracted sharply to $X in 2022. In general, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 when exports increased by 103% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X tons) represented roughly 98% of total exports in 2022.

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. Ecuador (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) also remains the largest button blanks and moulds supplier in MERCOSUR.

In Ecuador, button blanks and moulds exports shrank by an average annual rate of -3.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, approximately reflecting the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 15% against the previous year. The level of export peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ecuador.

From 2012 to 2022, the rate of growth in terms of prices for Ecuador amounted to -0.1% per year.

Imports of Button Blanks & Button Moulds

Imports in MERCOSUR

In 2022, supplies from abroad of button blanks & button moulds increased by 17% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, button blanks and moulds imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina was the major importing country with an import of around X tons, which recorded 38% of total imports. Colombia (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Peru (13%), Chile (10%), Ecuador (5.8%) and Brazil (5.7%). Uruguay (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uruguay (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Colombia ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 68% of total imports. Chile, Peru, Ecuador and Uruguay lagged somewhat behind, together comprising a further 26%.

Uruguay, with a CAGR of +6.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by 32% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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 Brazil ($X per ton), while Peru ($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