Sweden: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Sweden

In 2022, the Swedish button blanks and moulds market decreased by -1.1% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.3% against 2020 indices. 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 Sweden

In value terms, button blanks and moulds production expanded modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 -3.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. Button blanks and moulds production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Button Blanks & Button Moulds

Exports from Sweden

In 2022, overseas shipments of button blanks & button moulds increased by 51% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +130.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, button blanks and moulds exports surged to $X in 2022. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for button blanks and moulds exports from Sweden, with a 72% share of total exports. Moreover, button blanks and moulds exports to Norway exceeded the volume sent to the second major destination, Estonia (X tons), fivefold. Lithuania (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+4.9% per year) and Lithuania (-0.2% per year).

In value terms, Norway ($X) emerged as the key foreign market for button blanks & button moulds exports from Sweden, comprising 79% of total exports. The second position in the ranking was taken by Estonia ($X), with a 12% share of total exports. It was followed by Lithuania, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Norway stood at +42.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+7.9% per year) and Lithuania (-0.4% per year).

Export Prices by Country

In 2022, the average button blanks and moulds export price amounted to $X per ton, picking up by 2.5% against the previous year. In general, export price indicated a strong 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 +115.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 57%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Lithuania ($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 Denmark (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Sweden

In 2022, after three years of growth, there was significant decline in overseas purchases of button blanks & button moulds, when their volume decreased by -53.6% to X tons. Over the period under review, imports showed a mild shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 93%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped sharply in the following year.

In value terms, button blanks and moulds imports dropped markedly to $X in 2022. Overall, imports saw a slight decline. The pace of growth was the most pronounced in 2013 with an increase of 54%. Over the period under review, imports reached the maximum at $X in 2021, and then shrank sharply in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of button blanks and moulds to Sweden, accounting for a 66% share of total imports. Moreover, button blanks and moulds imports from Germany exceeded the figures recorded by the second-largest supplier, China (X kg), sixfold. The United States (X kg) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+54.7% per year) and the United States (+14.8% per year).

In value terms, Germany ($X) constituted the largest supplier of button blanks & button moulds to Sweden, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by the United States, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+59.4% per year) and the United States (+13.2% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, which is down by -20.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 44%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Estonia ($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 (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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