U.S. Fastener, Button, Needle, And Pin Market. Analysis And Forecast to 2030
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View PricingPrice for Button, Needle, and Pin in the United States - 2023
Contents:
- Price for Button, Needle, and Pin in the United States (CIF) - 2022
- Price for Button, Needle, and Pin in the United States (FOB) - 2023
- Imports of Button, Needle, and Pin in the United States
- Exports of Button, Needle, and Pin in the United States
Price for Button, Needle, and Pin in the United States (CIF) - 2022
The average button, needle, and pin import price stood at $14,464 per ton in 2022, therefore, remained relatively stable against the previous year. In general, import price indicated a perceptible increase from 2013 to 2022: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 an increase of 51% against the previous year. Over the period under review, average import prices reached the maximum at $14,573 per ton in 2021, and then dropped slightly in the following year.
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 Germany ($79,685 per ton), while the price for the Netherlands ($2,760 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Button, Needle, and Pin in the United States (FOB) - 2023
In August 2023, the average button, needle, and pin export price amounted to $43,864 per ton, picking up by 13% against the previous month. Over the period under review, the export price, however, recorded a mild decline. The pace of growth was the most pronounced in December 2022 an increase of 17% month-to-month. The export price peaked at $58,165 per ton in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was China ($96,872 per ton), while the average price for exports to Canada ($21,160 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Button, Needle, and Pin in the United States
In 2022, approx. 19K tons of fastener, button, needle, and pin were imported into the United States; picking up by 7.7% compared with the year before. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 26%.
In value terms, button, needle, and pin imports rose sharply to $278M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Button, Needle, and Pin in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 73.6 | 57.8 | 73.8 | 86.3 | 5.4% |
Taiwan (Chinese) | 33.1 | 30.8 | 43.6 | 46.9 | 12.3% |
Mexico | 13.2 | 10.9 | 16.7 | 22.4 | 19.3% |
India | 12.4 | 13.3 | 14.9 | 12.5 | 0.3% |
Japan | 13.4 | 10.6 | 12.1 | 12.2 | -3.1% |
Indonesia | 6.7 | 4.1 | 6.1 | 7.1 | 2.0% |
Turkey | 0.9 | 0.7 | 1.1 | 2.6 | 42.4% |
Netherlands | 2.2 | 2.4 | 2.6 | 2.6 | 5.7% |
Poland | 0.4 | 0.2 | 0.4 | 1.0 | 35.7% |
Others | 79.6 | 74.4 | 88.5 | 84.3 | 1.9% |
Total | 236 | 205 | 260 | 278 | 5.6% |
Top Suppliers of Button, Needle, and Pin to the United States in 2022:
- China (7.8K tons)
- Taiwan (Chinese) (2.7K tons)
- Japan (1.5K tons)
- India (1.3K tons)
- Indonesia (1.1K tons)
- Netherlands (0.9K tons)
- Turkey (0.7K tons)
- Mexico (0.5K tons)
- Poland (0.3K tons)
Exports of Button, Needle, and Pin in the United States
In 2022, exports of fastener, button, needle, and pin from the United States contracted to 5.1K tons, reducing by -10.5% against the previous year. Over the period under review, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 6% against the previous year.
In value terms, button, needle, and pin exports rose slightly to $238M in 2022. In general, exports saw a slight contraction. The pace of growth was the most pronounced in 2021 with an increase of 13%.
Export of Button, Needle, and Pin in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 113 | 93.3 | 98.5 | 110 | -0.9% |
Canada | 36.2 | 24.3 | 26.8 | 28.0 | -8.2% |
Nicaragua | 10.2 | 7.3 | 11.8 | 12.0 | 5.6% |
Germany | 8.3 | 7.7 | 8.4 | 8.4 | 0.4% |
Dominican Republic | 8.7 | 5.8 | 7.9 | 6.8 | -7.9% |
Honduras | 8.8 | 4.4 | 7.3 | 6.1 | -11.5% |
China | 4.0 | 2.9 | 4.2 | 5.0 | 7.7% |
South Korea | 1.8 | 1.6 | 2.0 | 2.7 | 14.5% |
Guatemala | 2.1 | 1.6 | 1.5 | 1.8 | -5.0% |
Others | 58.5 | 52.0 | 58.7 | 57.4 | -0.6% |
Total | 252 | 201 | 227 | 238 | -1.9% |
Top Export Markets for Button, Needle, and Pin from the United States in 2022:
- Mexico (2246.6 tons)
- Canada (1060.3 tons)
- Nicaragua (263.0 tons)
- Guatemala (184.6 tons)
- Dominican Republic (116.2 tons)
- Germany (108.3 tons)
- China (104.5 tons)
- South Korea (101.6 tons)
- Honduras (95.6 tons)
This report provides an in-depth analysis of the market for button, needle, and pin in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 339993 - Fastener, button, needle, and pin manufacturing
Companies mentioned:
- Southco
- Acument Global Technologies
- Micro Plastics
- Ramco Specialties
- Aplix
- Talon International
- Lawrence Screw Products
- YKK Snap Fastners America Inc.
- Whitesell Corporation
- Montana Silversmiths
- Ideal Fastener Corporation
- Morton Grinding
- Gsg Fasteners
- Whitesell Formed Components
- Tfp Corporation
- Braxton Manufacturing Company
- Captive Fasteners Corp
- Rightway Fasteners
- Engineered Components Co.
- U.S. Button Corporation
- Lehigh Consumer Products
- A. Raymond Tinnerman Manufacturing
- YKK Corporation of America
- Ebinger Manufacturing Company
- Stimpson Company Incorporation
- Avdel USA LLC
- Physical Systems
- US Test Company 639
- Emsig Manufacturing Corp.
- Jinhap US Corporation
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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