Market for Button, Needle, And Pin in the United States
In value terms, button, needle, and pin production rose slightly to $ in . The total output value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in with an increase of %. Over the period under review, production hit record highs in and is likely to see steady growth in the near future.
The revenue of the button, needle, and pin market in the United States surged to $ in , rising 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). Overall, the total consumption indicated a resilient expansion from 2013 to : its value increased at an average annual rate of +% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. Button, needle, and pin consumption peaked in and is expected to retain growth in years to come.