Southern Asia: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Southern Asia

In 2022, the South Asian button blanks and moulds market decreased by -1.1% to $X for the first time since 2015, thus ending a six-year rising trend. The market value increased at an average annual rate of +1.8% 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 2021, and then fell in the following year.

Production of Button Blanks & Button Moulds in Southern Asia

In value terms, button blanks and moulds production stood at $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 -0.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports in Southern Asia

In 2022, approx. X tons of button blanks & button moulds were exported in Southern Asia; almost unchanged from the previous year's figure. Over the period under review, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. The volume of export 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 soared to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 52%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India prevails in exports structure, reaching X tons, which was approx. 98% of total exports in 2022. Pakistan (X tons) held a minor share of total exports.

Exports from India decreased at an average annual rate of -3.8% from 2012 to 2022. At the same time, Pakistan (+18.7%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +18.7% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest button blanks and moulds supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +1.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by 28% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +18.7% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 29%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.9%).

Imports of Button Blanks & Button Moulds

Imports in Southern Asia

In 2022, the amount of button blanks & button moulds imported in Southern Asia declined to X tons, with a decrease of -6.3% on the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 42%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, button blanks and moulds imports fell to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Bangladesh (X tons) represented the main importer of button blanks & button moulds, committing 78% of total imports. It was distantly followed by India (X tons), mixing up a 21% share of total imports.

Bangladesh was also the fastest-growing in terms of the button blanks & button moulds imports, with a CAGR of +17.3% from 2012 to 2022. India (-12.2%) illustrated a downward trend over the same period. While the share of Bangladesh (+61 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-59.7 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) constitutes the largest market for imported button blanks & button moulds in Southern Asia, comprising 85% of total imports. The second position in the ranking was taken by India ($X), with a 9.6% share of total imports.

In Bangladesh, button blanks and moulds imports increased at an average annual rate of +21.9% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, shrinking by -5% against the previous year. Over the period under review, the import price, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. The level of import peaked at $X per ton in 2021, and then declined 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 Bangladesh ($X per ton), while India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.9%).

Source: IndexBox Platform

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