Turkey: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Turkey

The Turkish button blanks and moulds market soared to $X in 2022, picking up by 16% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +59.2% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Production of Button Blanks & Button Moulds in Turkey

In value terms, button blanks and moulds production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 -3.8% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 50%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from Turkey

Button blanks and moulds exports from Turkey dropped to X tons in 2022, with a decrease of -11.1% on 2021. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 98%. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted in the following year.

In value terms, button blanks and moulds exports dropped to $X in 2022. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 54% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for button blanks and moulds exports from Turkey, with a 28% share of total exports. Moreover, button blanks and moulds exports to Egypt exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. The third position in this ranking was held by Russia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Egypt amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+20.5% per year) and Russia (-0.6% per year).

In value terms, Egypt ($X), Tunisia ($X) and Russia ($X) constituted the largest markets for button blanks and moulds exported from Turkey worldwide, together comprising 46% of total exports. Morocco, Bangladesh, Pakistan, Germany, Ukraine, Serbia, Israel, Iran, Iraq and Kyrgyzstan lagged somewhat behind, together comprising a further 37%.

Kyrgyzstan, with a CAGR of +55.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, picking up by 12% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 36% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Iran ($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 Germany (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into Turkey

In 2022, overseas purchases of button blanks & button moulds increased by 49% to X tons, rising for the second year in a row after three years of decline. In general, imports posted a measured expansion. The most prominent rate of growth was recorded in 2021 with an increase of 135% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, button blanks and moulds imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a slight curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest button blanks and moulds supplier to Turkey, accounting for a 73% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (-3.0% per year) and Italy (+2.6% per year).

In value terms, Ecuador ($X), China ($X) and Germany ($X) were the largest button blanks and moulds suppliers to Turkey, with a combined 77% share of total imports.

Among the main suppliers, Germany, with a CAGR of +12.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, with an increase of 9.8% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 11%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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