Norway: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Norway

After three years of growth, the Norwegian button blanks and moulds market decreased by -0.6% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. 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 Norway

In value terms, button blanks and moulds production amounted to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from Norway

In 2022, the amount of button blanks & button moulds exported from Norway skyrocketed to X kg, rising by 284% compared with the previous year's figure. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 7,259% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, button blanks and moulds exports soared to $X in 2022. Overall, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 4,078% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Denmark (X kg) was the main destination for button blanks and moulds exports from Norway, accounting for a 83% share of total exports. Moreover, button blanks and moulds exports to Denmark exceeded the volume sent to the second major destination, Sweden (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark totaled +1,150.0%.

In value terms, Denmark ($X) remains the key foreign market for button blanks & button moulds exports from Norway, comprising 42% of total exports. The second position in the ranking was taken by Sweden ($X), with a 5.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Denmark amounted to +193.7%.

Export Prices by Country

In 2022, the average button blanks and moulds export price amounted to $X per ton, dropping by -19.5% against the previous year. Overall, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2019 an increase of 319%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-5.1%), while the prices for the other major destinations experienced a decline.

Imports of Button Blanks & Button Moulds

Imports into Norway

In 2022, overseas purchases of button blanks & button moulds decreased by -64.3% to X kg for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when imports increased by 166% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, button blanks and moulds imports contracted remarkably to $X in 2022. In general, imports showed a deep contraction. The growth pace was the most rapid in 2017 with an increase of 173%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X kg) constituted the largest button blanks and moulds supplier to Norway, accounting for a 62% share of total imports. Moreover, button blanks and moulds imports from Germany exceeded the figures recorded by the second-largest supplier, China (X kg), threefold. The UK (X kg) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.4% per year) and the UK (-4.6% per year).

In value terms, the largest button blanks and moulds suppliers to Norway were Germany ($X), China ($X) and the UK ($X), together accounting for 83% of total imports. Denmark, France and Italy lagged somewhat behind, together accounting for a further 14%.

In terms of the main suppliers, France, with a CAGR of +1.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, with a decrease of -6.3% against the previous year. Overall, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2020 an increase of 26%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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