Portugal: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Portugal

The Portuguese button blanks and moulds market soared to $X in 2022, increasing by 75% against the previous year. Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +116.1% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Button Blanks & Button Moulds in Portugal

In value terms, button blanks and moulds production declined sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 70%. Button blanks and moulds production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from Portugal

In 2022, exports of button blanks & button moulds from Portugal skyrocketed to X tons, with an increase of 1,883% compared with 2021. In general, exports showed a perceptible expansion. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, button blanks and moulds exports surged to $X in 2022. Overall, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X kg), Spain (X kg) and France (X kg) were the main destinations of button blanks and moulds exports from Portugal, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +51.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) emerged as the key foreign market for button blanks & button moulds exports from Portugal, comprising 67% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports. It was followed by France, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +81.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+15.0% per year) and France (+28.8% per year).

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, reducing by -10.8% against the previous year. Over the period under review, the export price, however, continues to indicate tangible growth. The most prominent rate of growth was recorded in 2020 an increase of 958% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to India ($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 Spain (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Portugal

Button blanks and moulds imports into Portugal skyrocketed to X tons in 2022, rising by 76% on the previous year's figure. Overall, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, button blanks and moulds imports surged to $X in 2022. In general, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest button blanks and moulds supplier to Portugal, with a 67% share of total imports. Moreover, button blanks and moulds imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.4% per year) and the UK (+50.5% per year).

In value terms, Spain ($X) constituted the largest supplier of button blanks & button moulds to Portugal, comprising 72% of total imports. The second position in the ranking was taken by Italy ($X), with an 18% share of total imports. It was followed by the United States, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.7% per year) and the United States (-3.4% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, reducing by -12.9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 the United States ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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