United Kingdom: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in the UK

The UK button blanks and moulds market reached $X in 2022, with an increase of 1.5% against the previous year. Over the period under review, consumption, however, enjoyed a perceptible increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Button Blanks & Button Moulds in the UK

In value terms, button blanks and moulds production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 -6.5% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 40%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Button Blanks & Button Moulds

Exports from the UK

In 2022, shipments abroad of button blanks & button moulds was finally on the rise to reach X tons after three years of decline. Over the period under review, exports posted a perceptible expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 427%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, button blanks and moulds exports rose significantly to $X in 2022. In general, exports recorded a modest expansion. The pace of growth appeared the most rapid in 2015 with an increase of 151%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for button blanks and moulds exports from the UK, accounting for a 59% share of total exports. Moreover, button blanks and moulds exports to the United Arab Emirates exceeded the volume sent to the second major destination, Ireland (X tons), eightfold. The third position in this ranking was held by Brazil (X kg), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-9.6% per year) and Brazil (+27.2% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for button blanks & button moulds exports from the UK, comprising 25% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.6% share of total exports. It was followed by Portugal, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+39.8% per year) and Portugal (+66.5% per year).

Export Prices by Country

In 2022, the average button blanks and moulds export price amounted to $X per ton, waning by -18.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 148% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports into the UK

In 2022, after two years of growth, there was significant decline in supplies from abroad of button blanks & button moulds, when their volume decreased by -38.5% to X tons. Overall, imports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2020 when imports increased by 139%. Imports peaked at X tons in 2021, and then declined rapidly in the following year.

In value terms, button blanks and moulds imports shrank remarkably to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 141% against the previous year. Imports peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest button blanks and moulds supplier to the UK, with a 50% share of total imports. Moreover, button blanks and moulds imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Japan (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.1% per year) and Japan (+42.2% per year).

In value terms, Germany ($X) constituted the largest supplier of button blanks & button moulds to the UK, comprising 32% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Japan, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.6% per year) and Japan (+20.4% per year).

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, growing by 24% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Germany ($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 (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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