United Arab Emirates: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in the United Arab Emirates

The button blanks and moulds market in the United Arab Emirates dropped to $X in 2022, which is down by -5.3% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 -6.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Button Blanks & Button Moulds in the United Arab Emirates

In value terms, button blanks and moulds production rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a notable expansion. The growth pace was the most rapid in 2020 when the production volume increased by 71% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Button Blanks & Button Moulds

Exports from the United Arab Emirates

In 2022, the amount of button blanks & button moulds exported from the United Arab Emirates skyrocketed to X tons, with an increase of 85% compared with 2021. Over the period under review, exports enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,212%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, button blanks and moulds exports skyrocketed to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 1,386% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Rwanda (X tons) was the main destination for button blanks and moulds exports from the United Arab Emirates, with a 76% share of total exports. Moreover, button blanks and moulds exports to Rwanda exceeded the volume sent to the second major destination, France (X kg), more than tenfold. The third position in this ranking was held by Romania (X kg), with a 3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Rwanda stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Romania (0.0% per year).

In value terms, Rwanda ($X), the Netherlands ($X) and France ($X) were the largest markets for button blanks and moulds exported from the United Arab Emirates worldwide, together accounting for 64% of total exports. Sri Lanka, Romania and Turkey lagged somewhat behind, together comprising a further 7.4%.

In terms of the main countries of destination, Turkey, with a CAGR of +107.7%, saw 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

The average button blanks and moulds export price stood at $X per ton in 2022, shrinking by -7.5% against the previous year. Overall, the export price saw a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average export price increased by 57%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Rwanda ($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 Congo (+488.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into the United Arab Emirates

Button blanks and moulds imports into the United Arab Emirates fell notably to X tons in 2022, with a decrease of -55.5% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 194%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, button blanks and moulds imports shrank markedly to $X in 2022. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 138% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest button blanks and moulds supplier to the United Arab Emirates, with a 63% share of total imports. Moreover, button blanks and moulds imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. India (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+45.1% per year) and India (-23.1% per year).

In value terms, the UK ($X) constituted the largest supplier of button blanks & button moulds to the United Arab Emirates, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports. It was followed by India, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +36.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.2% per year) and India (-24.3% per year).

Import Prices by Country

The average button blanks and moulds import price stood at $X per ton in 2022, rising by 59% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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