Pakistan: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Pakistan

The Pakistani button blanks and moulds market declined to $X in 2022, waning by -1.9% against the previous year. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.8% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Button Blanks & Button Moulds in Pakistan

In value terms, button blanks and moulds production declined slightly to $X in 2022 estimated in export price. In general, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.6% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 66%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Exports of Button Blanks & Button Moulds

Exports from Pakistan

In 2022, approx. X tons of button blanks & button moulds were exported from Pakistan; increasing by 27% compared with the year before. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,633%. The exports peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, button blanks and moulds exports soared to $X in 2022. In general, exports saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 1,477%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for button blanks and moulds exports from Pakistan, accounting for a 53% share of total exports. Moreover, button blanks and moulds exports to China exceeded the volume sent to the second major destination, Tanzania (X tons), twofold. The third position in this ranking was taken by India (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+56.4% per year) and India (+22.0% per year).

In value terms, China ($X), the United Arab Emirates ($X) and India ($X) appeared to be the largest markets for button blanks and moulds exported from Pakistan worldwide, together accounting for 40% of total exports. Kenya and Tanzania lagged somewhat behind, together accounting for a further 7%.

Tanzania, with a CAGR of +43.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average button blanks and moulds export price amounted to $X per ton, shrinking by -1.7% against the previous year. In general, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2013 an increase of 162% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a 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 the United Arab Emirates ($X per ton), while the average price for exports to Tanzania ($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 the United Arab Emirates (+19.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Button Blanks & Button Moulds

Imports into Pakistan

In 2022, approx. X tons of button blanks & button moulds were imported into Pakistan; picking up by 49% compared with 2021 figures. Over the period under review, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 11,815% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, button blanks and moulds imports soared to $X in 2022. Overall, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by 23,283%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X kg), Italy (X kg) and Taiwan (Chinese) (X kg) were the main suppliers of button blanks and moulds imports to Pakistan, together comprising 87% of total imports. Singapore, China, France, Hong Kong SAR, India, Sri Lanka and the United States lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +27.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of button blanks & button moulds to Pakistan, comprising 46% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by China, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from Turkey stood at +32.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.4% per year) and China (-10.9% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, surging by 9.7% against the previous year. In general, the import price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 96% against the previous year. The import price peaked in 2022 and is expected to retain 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 Sri Lanka ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+28.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :