South-Eastern Asia: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in South-Eastern Asia

The Southeast Asian button blanks and moulds market skyrocketed to $X in 2022, increasing by 15% against the previous year. Over the period under review, consumption continues to indicate strong growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Button Blanks & Button Moulds in South-Eastern Asia

In value terms, button blanks and moulds production rose to $X in 2022 estimated in export price. The total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 -4.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30%. 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 South-Eastern Asia

After four years of decline, shipments abroad of button blanks & button moulds increased by 141% to X tons in 2022. Over the period under review, exports recorded a mild expansion. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, button blanks and moulds exports soared to $X in 2022. Overall, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia dominates exports structure, recording X tons, which was near 84% of total exports in 2022. It was distantly followed by Vietnam (X tons), achieving a 7.2% share of total exports. The following exporters - Thailand (X tons) and Malaysia (X tons) - together made up 6.7% of total exports.

Exports from Indonesia increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, Thailand (+8.7%) and Vietnam (+4.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +8.7% from 2012-2022. Malaysia experienced a relatively flat trend pattern. Indonesia (+6.7 p.p.), Thailand (+2 p.p.) and Vietnam (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest button blanks and moulds supplier in South-Eastern Asia, comprising 92% of total exports. The second position in the ranking was held by Vietnam ($X), with a 2.5% share of total exports. It was followed by Thailand, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia amounted to +10.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+0.2% per year) and Thailand (+0.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of 23% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, button blanks and moulds export price increased by +88.7% against 2014 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 25%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.9%), while the other leaders experienced a decline in the export price figures.

Imports of Button Blanks & Button Moulds

Imports in South-Eastern Asia

Button blanks and moulds imports skyrocketed to X tons in 2022, with an increase of 214% compared with 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 298%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, button blanks and moulds imports rose modestly to $X in 2022. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 145%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Myanmar (X tons) and the Philippines (X tons) represented the key importers of button blanks & button moulds in South-Eastern Asia, together committing 82% of total imports. Vietnam (X tons) held the next position in the ranking, followed by Indonesia (X tons). All these countries together held near 16% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +71.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported button blanks & button moulds in South-Eastern Asia, comprising 47% of total imports. The second position in the ranking was held by Myanmar ($X), with a 19% share of total imports. It was followed by the Philippines, with a 16% share.

In Vietnam, button blanks and moulds imports increased at an average annual rate of +9.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Myanmar (+43.0% per year) and the Philippines (+38.0% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, which is down by -66.7% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 268% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank markedly in the following year.

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 Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :