Overview of the Global Market for Button Blanks & Button Moulds

Market Size for Button Blanks & Button Moulds

In 2022, the global button blanks and moulds market decreased by -1.5% to $X, falling for the second year in a row after two years of growth. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -4.4% against 2020 indices. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Button Blanks & Button Moulds

In value terms, button blanks and moulds production rose sharply to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 -4.9% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 29% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Button Blanks & Button Moulds

Exports

In 2022, the amount of button blanks & button moulds exported worldwide shrank modestly to X tons, approximately equating the previous year's figure. The total export volume increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, the global exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, button blanks and moulds exports reached $X in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 48% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) was the major exporter of button blanks & button moulds, generating 44% of total exports. Hong Kong SAR (X tons) ranks second in terms of the total exports with a 16% share, followed by India (12%) and Ecuador (7.3%). The following exporters - Italy (X tons), Spain (X tons), Taiwan (Chinese) (X tons), Indonesia (X tons) and Turkey (X tons) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +5.5% from 2012 to 2022. At the same time, Spain (+14.1%), Italy (+8.8%), Turkey (+7.0%), Hong Kong SAR (+2.4%) and Indonesia (+2.2%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the world, with a CAGR of +14.1% from 2012-2022. By contrast, Ecuador (-3.1%), India (-3.8%) and Taiwan (Chinese) (-5.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Italy and Spain increased by +14, +2.2 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest button blanks and moulds supplying countries worldwide were China ($X), Hong Kong SAR ($X) and India ($X), with a combined 73% share of global exports. Indonesia, Ecuador, Italy, Spain, Taiwan (Chinese) and Turkey lagged somewhat behind, together accounting for a further 16%.

Spain, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average button blanks and moulds export price amounted to $X per ton, rising by 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2020 an increase of 15%. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.7%), while the other global leaders experienced more modest paces of growth.

Imports of Button Blanks & Button Moulds

Imports

In 2022, the amount of button blanks & button moulds imported worldwide surged to X tons, growing by 28% on the year before. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, button blanks and moulds imports shrank to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Global imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of button blanks and moulds imports in 2022 were Myanmar (X tons), China (X tons), the Philippines (X tons), Free Zones (X tons) and Bangladesh (X tons), together recording 65% of total import. It was distantly followed by Turkey (X tons), generating a 4.8% share of total imports. Vietnam (X tons), Hong Kong SAR (X tons), Spain (X tons), Indonesia (X tons), India (X tons), South Korea (X tons) and Italy (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +71.7%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest button blanks and moulds importing markets worldwide were Vietnam ($X), Bangladesh ($X) and Italy ($X), with a combined 35% share of global imports. China, Myanmar, the Philippines, South Korea, Indonesia, Hong Kong SAR, Free Zones, Spain, Turkey and India lagged somewhat behind, together comprising a further 45%.

Myanmar, with a CAGR of +43.0%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average button blanks and moulds import price amounted to $X per ton, falling by -26.5% against the previous year. Overall, the import price recorded a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of 52%. As a result, import price reached the peak level of $X per ton, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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