Western Africa: Market for Button Blanks & Button Moulds 2025

Market Size for Button Blanks & Button Moulds in Western Africa

After three years of growth, the West African button blanks and moulds market decreased by -35.4% to $X in 2022. Overall, consumption continues to indicate a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Button Blanks & Button Moulds in Western Africa

In value terms, button blanks and moulds production contracted remarkably to $X in 2022 estimated in export price. Overall, production recorded a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the production volume increased by 231%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports in Western Africa

Button blanks and moulds exports reduced to X kg in 2022, shrinking by -3.7% on 2021 figures. Over the period under review, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 2,317% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, button blanks and moulds exports reduced slightly to $X in 2022. In general, exports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by 5,305% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana dominates exports structure, recording X kg, which was approx. 96% of total exports in 2022. Nigeria (X kg) held a little share of total exports.

Ghana was also the fastest-growing in terms of the button blanks & button moulds exports, with a CAGR of +19.5% from 2012 to 2022. Nigeria (-5.6%) illustrated a downward trend over the same period. Ghana (+66 p.p.) significantly strengthened its position in terms of the total exports, while Nigeria saw its share reduced by -9.8% from 2012 to 2022, respectively.

In value terms, Ghana ($X) remains the largest button blanks and moulds supplier in Western Africa, comprising 98% of total exports. The second position in the ranking was held by Nigeria ($X), with a 1.9% share of total exports.

In Ghana, button blanks and moulds exports expanded at an average annual rate of +17.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, rising by 2.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 414%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (-1.3%).

Imports of Button Blanks & Button Moulds

Imports in Western Africa

In 2022, approx. X tons of button blanks & button moulds were imported in Western Africa; declining by -82.7% against 2021 figures. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 1,493%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, button blanks and moulds imports reduced markedly to $X in 2022. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 857%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria (X tons) and Cote d'Ivoire (X tons) represented roughly 57% of total imports in 2022. It was distantly followed by Ghana (X tons), Guinea (X tons) and Senegal (X tons), together mixing up a 34% share of total imports. The following importers - Togo (X kg) and Benin (X kg) - together made up 4.4% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Guinea (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest button blanks and moulds importing markets in Western Africa were Cote d'Ivoire ($X), Nigeria ($X) and Guinea ($X), with a combined 62% share of total imports.

Guinea, with a CAGR of +33.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, with an increase of 197% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Senegal ($X per ton), while Benin ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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