Middle East: Market for Button Blanks & Button Moulds 2024

Market Size for Button Blanks & Button Moulds in the Middle East

The Middle Eastern button blanks and moulds market expanded markedly to $X in 2022, growing by X% against the previous year. The total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Button Blanks & Button Moulds in the Middle East

In value terms, button blanks and moulds production amounted to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Exports of Button Blanks & Button Moulds

Exports in the Middle East

Button blanks and moulds exports contracted to X tons in 2022, which is down by X% on the year before. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, button blanks and moulds exports skyrocketed to $X in 2022. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was near X% of total exports in 2022. Israel (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to button blanks and moulds exports from Turkey stood at X%. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey and Israel increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest button blanks and moulds supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Israel ($X), with a X% share of total exports.

In Turkey, button blanks and moulds exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Turkey stood at $X per ton.

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

Imports of Button Blanks & Button Moulds

Imports in the Middle East

In 2022, supplies from abroad of button blanks & button moulds increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, button blanks and moulds imports soared to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Turkey prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. Iran (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to button blanks and moulds imports into Turkey stood at X%. At the same time, Saudi Arabia (X%) and Iran (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Iran (X p.p.) and Saudi Arabia (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Turkey saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported button blanks & button moulds in the Middle East, comprising X% of total imports. The second position in the ranking was taken by Iran ($X), with an X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, button blanks and moulds imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 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 the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform