Russian Federation: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in the Russian Federation

The Russian button blanks and moulds market shrank to $X in 2022, with a decrease of -8.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed noticeable growth. Button blanks and moulds consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from the Russian Federation

In 2022, approx. X tons of button blanks & button moulds were exported from Russia; waning by -41.6% compared with the year before. Overall, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by 194% against the previous year. As a result, the exports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, button blanks and moulds exports dropped remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 141% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced notably in the following year.

Exports by Country

Kazakhstan (X kg) was the main destination for button blanks and moulds exports from Russia, with a 61% share of total exports. Moreover, button blanks and moulds exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X kg), fourfold. The third position in this ranking was taken by Portugal (X kg), with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+63.9% per year) and Portugal (0.0% per year).

In value terms, Kazakhstan ($X) emerged as the key foreign market for button blanks & button moulds exports from Russia, comprising 56% of total exports. The second position in the ranking was held by Armenia ($X), with a 20% share of total exports. It was followed by Ireland, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+291.2% per year) and Ireland (0.0% per year).

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, surging by 32% against the previous year. Overall, the export price showed a measured expansion. The growth pace was the most rapid in 2014 an increase of 72%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Portugal ($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 Armenia (+138.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into the Russian Federation

In 2022, the amount of button blanks & button moulds imported into Russia shrank to X tons, dropping by -3.6% against 2021. Over the period under review, imports, however, showed modest growth. The pace of growth appeared the most rapid in 2016 when imports increased by 244% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, button blanks and moulds imports contracted notably to $X in 2022. In general, imports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 66%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) was the main supplier of button blanks and moulds to Russia, with a 92% share of total imports. Moreover, button blanks and moulds imports from Turkey exceeded the figures recorded by the second-largest supplier, Belarus (X tons), more than tenfold. China (X kg) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey stood at +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+122.2% per year) and China (-9.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of button blanks & button moulds to Russia, comprising 92% of total imports. The second position in the ranking was held by China ($X), with a 3.2% share of total imports. It was followed by Belarus, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.6% per year) and Belarus (+124.1% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, which is down by -12.7% against the previous year. In general, the import price, however, recorded measured growth. The growth pace was the most rapid in 2013 when the average import price increased by 69%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 China ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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