Scandinavia: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Scandinavia

In 2022, the Scandinavia button blanks and moulds market decreased by -1.2% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Button Blanks & Button Moulds in Scandinavia

In value terms, button blanks and moulds production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports in Scandinavia

In 2022, overseas shipments of button blanks & button moulds increased by 50% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, button blanks and moulds exports soared to $X in 2022. In general, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden prevails in exports structure, amounting to X tons, which was near 98% of total exports in 2022. Norway (X kg) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to button blanks and moulds exports from Sweden stood at +4.7%. At the same time, Norway (+9.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +9.6% from 2012-2022. While the share of Sweden (+38 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest button blanks and moulds supplier in Scandinavia, comprising 97% of total exports. The second position in the ranking was held by Norway ($X), with a 2.7% share of total exports.

In Sweden, button blanks and moulds exports increased at an average annual rate of +10.7% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, surging by 3.3% against the previous year. In general, the export price saw buoyant growth. The growth pace was the most rapid in 2013 an increase of 69%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.7%).

Imports of Button Blanks & Button Moulds

Imports in Scandinavia

In 2022, overseas purchases of button blanks & button moulds decreased by -55.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2017 when imports increased by 75% against the previous year. The volume of import peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, button blanks and moulds imports contracted sharply to $X in 2022. In general, imports saw a pronounced decline. The most prominent rate of growth was recorded in 2013 with an increase of 64%. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted notably in the following year.

Imports by Country

Sweden was the main importer of button blanks & button moulds in Scandinavia, with the volume of imports accounting for X tons, which was near 84% of total imports in 2022. It was distantly followed by Norway (X kg), making up a 12% share of total imports. Finland (X kg) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the button blanks & button moulds imports, with a CAGR of -1.4% from 2012 to 2022. Finland (-6.8%) and Norway (-8.4%) illustrated a downward trend over the same period. While the share of Sweden (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-2.2 p.p.) and Norway (-9.3 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported button blanks & button moulds in Scandinavia, comprising 78% of total imports. The second position in the ranking was taken by Norway ($X), with a 16% share of total imports.

In Sweden, button blanks and moulds imports contracted by an average annual rate of -1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-11.3% per year) and Finland (-8.2% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, shrinking by -17.7% against the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2013 when the import price increased by 30% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, 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 Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform