Spain: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Spain

In 2022, the Spanish button blanks and moulds market decreased by -79% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a deep setback. Button blanks and moulds consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Button Blanks & Button Moulds in Spain

In value terms, button blanks and moulds production shrank notably to $X in 2022 estimated in export price. Over the period under review, production saw a sharp reduction. The growth pace was the most rapid in 2019 with an increase of 48%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports from Spain

In 2022, approx. X tons of button blanks & button moulds were exported from Spain; rising by 29% on the year before. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 113%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, button blanks and moulds exports amounted to $X in 2022. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 104% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

Italy (X tons), Portugal (X tons) and Germany (X tons) were the main destinations of button blanks and moulds exports from Spain, with a combined 82% share of total exports. Vietnam, Turkey, France, Morocco and Poland lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +70.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for button blanks and moulds exported from Spain were Italy ($X), Portugal ($X) and Turkey ($X), with a combined 80% share of total exports. Germany, Morocco, Vietnam, France and Poland lagged somewhat behind, together comprising a further 18%.

Among the main countries of destination, Vietnam, with a CAGR of +68.2%, 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, declining by -13.3% against the previous year. Overall, the export price showed a slight slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2019 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 Turkey ($X per ton), while the average price for exports to Vietnam ($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 Turkey (+2.2%), while the prices for the other major destinations experienced a decline.

Imports of Button Blanks & Button Moulds

Imports into Spain

In 2022, purchases abroad of button blanks & button moulds increased by 34% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 59% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, button blanks and moulds imports surged to $X in 2022. In general, imports recorded a moderate increase. The pace of growth was the most pronounced in 2018 when imports increased by 52% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Ecuador (X tons), India (X tons) and Italy (X tons) were the main suppliers of button blanks and moulds imports to Spain, with a combined 96% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +9.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), India ($X) and Italy ($X) were the largest button blanks and moulds suppliers to Spain, together accounting for 95% of total imports. Portugal lagged somewhat behind, accounting for a further 4%.

Portugal, with a CAGR of +12.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, dropping by -11% against the previous year. Over the period under review, the import price saw a mild reduction. The pace of growth was the most pronounced in 2014 an increase of 34%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Portugal ($X per ton), while the price for Italy ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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