Overview of the Market for Button, Needle, And Pin in the USA
In value terms, button, needle, and pin production totaled $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2015; however, from 2016 to 2019, production failed to regain the momentum.
The size of the button, needle, and pin market in the U.S. contracted to $ in 2019, declining by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of % against the previous year. Button, needle, and pin consumption peaked at $ in 2018, and then dropped in the following year.