South Africa: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in South Africa

In 2022, the South African button blanks and moulds market increased by 19% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced reduction. Button blanks and moulds consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from South Africa

In 2022, overseas shipments of button blanks & button moulds decreased by -16.6% to X tons, falling for the second consecutive year after four years of growth. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 50% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, button blanks and moulds exports declined dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 130%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Swaziland (X tons), Lesotho (X kg) and Namibia (X kg) were the main destinations of button blanks and moulds exports from South Africa, with a combined 75% share of total exports. Angola, Botswana, Zambia, Senegal, Malawi, Mozambique and Nigeria lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +390.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for button blanks and moulds exported from South Africa were Angola ($X), Lesotho ($X) and Swaziland ($X), together accounting for 73% of total exports.

Among the main countries of destination, Angola, with a CAGR of +333.0%, recorded the highest rates of growth with regard to the value of exports, 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 -3.3% against the previous year. Overall, the export price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2013 an increase of 107% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Zambia ($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 Malawi (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into South Africa

In 2022, overseas purchases of button blanks & button moulds increased by 47% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, button blanks and moulds imports shrank slightly to $X in 2022. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 65%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of button blanks and moulds to South Africa, with a 90% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.4% per year) and Hong Kong SAR (-15.9% per year).

In value terms, China ($X) constituted the largest supplier of button blanks & button moulds to South Africa, comprising 72% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.7% per year) and Hong Kong SAR (-26.2% per year).

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, dropping by -33.3% against the previous year. Overall, the import price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when the average import price increased by 43%. 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.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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