U.S.: Market for Fastener, Button, Needle, And Pin 2025

Market Size for Fastener, Button, Needle, And Pin in the U.S.

The U.S. button, needle, and pin market totaled $X in 2021, increasing by 7.9% against the previous year. Over the period under review, consumption posted buoyant growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in years to come.

Production of Fastener, Button, Needle, And Pin in the U.S.

In value terms, button, needle, and pin production rose to $X in 2021. The total output value increased at an average annual rate of +3.7% over the period from 2013 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 12%. Button, needle, and pin production peaked in 2021 and is likely to see steady growth in the near future.

Exports of Fastener, Button, Needle, And Pin

Exports from the U.S.

In 2021, the amount of fastener, button, needle, and pin exported from the United States expanded markedly to X tons, increasing by 6% on 2020. In general, exports, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 136% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, button, needle, and pin exports amounted to $X in 2021. Over the period under review, exports, however, recorded a slight decline. The growth pace was the most rapid in 2014 with an increase of 13% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Canada (X tons) and Nicaragua (X tons) were the main destinations of button, needle, and pin exports from the United States, with a combined 63% share of total exports. The Dominican Republic, Honduras, Germany, Trinidad and Tobago, China, Colombia, South Korea and Haiti lagged somewhat behind, together comprising a further 19%.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Trinidad and Tobago (with a CAGR of +20.9%), while the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X) remains the key foreign market for fastener, button, needle, and pin exports from the United States, comprising 43% of total exports. The second position in the ranking was held by Canada ($X), with a 12% share of total exports. It was followed by Nicaragua, with a 5.2% share.

From 2013 to 2021, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-2.7% per year) and Nicaragua (+10.6% per year).

Export Prices by Country

In 2021, the average button, needle, and pin export price amounted to $X per ton, surging by 6.7% against the previous year. In general, the export price continues to indicate strong growth. The pace of growth was the most pronounced in 2020 an increase of 489%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fastener, Button, Needle, And Pin

Imports into the U.S.

After two years of decline, purchases abroad of fastener, button, needle, and pin increased by 26% to X tons in 2021. Over the period under review, imports, however, recorded a pronounced reduction. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, button, needle, and pin imports surged to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2013 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest button, needle, and pin supplier to the United States, with a 40% share of total imports. Moreover, button, needle, and pin imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with a 9% share.

From 2013 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-1.3% per year) and Japan (+13.2% per year).

In value terms, the largest button, needle, and pin suppliers to the United States were China ($X), Taiwan (Chinese) ($X) and Mexico ($X), together accounting for 52% of total imports. India, Japan, Italy, Canada, Indonesia, Germany, Malaysia, the Netherlands and Turkey lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, the Netherlands, with a CAGR of +22.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average button, needle, and pin import price amounted to $X per ton, approximately reflecting the previous year. Overall, import price indicated moderate growth from 2013 to 2021: its price increased at an average annual rate of +3.8% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, button, needle, and pin import price increased by +55.5% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 51%. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+22.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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