Overview of the Market for Button, Needle, And Pin in the USA

The U.S. button, needle, and pin market amounted to $ in , increasing 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). The market value increased at an average annual rate of +% from 2013 to ; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of % year-to-year. Button, needle, and pin consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain the momentum.

In value terms, button, needle, and pin production expanded modestly 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 in certain years. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Button, needle, and pin production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.

Button, needle, and pin consumption in the U.S. expanded significantly to tonnes in , increasing by % compared with the previous year's figure. The total consumption volume increased at an average annual rate of +% from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the consumption volume increased by % year-to-year. Button, needle, and pin consumption peaked at tonnes in 2018; however, from 2019 to , consumption failed to regain the momentum.

The revenue of the button, needle, and pin market in the U.S. rose significantly to $ in , growing 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). The market value increased at an average annual rate of +% from 2013 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. 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; however, from 2019 to , consumption stood at a somewhat lower figure.

Driven by increasing demand for button, needle, and pin in the U.S., the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .

In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.

Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.