Uganda: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in Uganda

The Ugandan button blanks and moulds market amounted to $X in 2022, increasing by 7.2% against the previous year. Over the period under review, consumption saw a resilient increase. Button blanks and moulds consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Button Blanks & Button Moulds in Uganda

In value terms, button blanks and moulds production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 89% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Button Blanks & Button Moulds

Exports from Uganda

Button blanks and moulds exports from Uganda reduced notably to X tons in 2022, dropping by -18.1% against the previous year. Over the period under review, exports, however, recorded a moderate expansion. The pace of growth appeared the most rapid in 2015 with an increase of 3,539% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, button blanks and moulds exports declined significantly to $X in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 294% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for button blanks and moulds exports from Uganda, with a 44% share of total exports. Moreover, button blanks and moulds exports to Italy exceeded the volume sent to the second major destination, Rwanda (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+15.4% per year) and Hong Kong SAR (-22.9% per year).

In value terms, Italy ($X) remains the key foreign market for button blanks & button moulds exports from Uganda, comprising 49% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-24.9% per year) and Rwanda (+8.5% per year).

Export Prices by Country

The average button blanks and moulds export price stood at $X per ton in 2022, falling by -1.5% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 492%. The export price peaked at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Rwanda ($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 Italy (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Button Blanks & Button Moulds

Imports into Uganda

After two years of decline, supplies from abroad of button blanks & button moulds increased by 7.7% to X kg in 2022. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 289% against the previous year. Over the period under review, imports hit record highs at X kg in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, button blanks and moulds imports reduced to $X in 2022. In general, imports, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2019 with an increase of 390%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X kg) constituted the largest button blanks and moulds supplier to Uganda, accounting for a 75% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.4% per year) and Kenya (-13.7% per year).

In value terms, China ($X), Kenya ($X) and the United Arab Emirates ($X) were the largest button blanks and moulds suppliers to Uganda, with a combined 94% share of total imports.

Kenya, with a CAGR of +6.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, waning by -13.4% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% 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 import price increased by +48.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 57%. The import price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Kenya ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform