Market for Button, Needle, And Pin in the United States
Market Overview
The U.S. button, needle, and pin market surged 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). In general, the total consumption indicated a strong increase 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 likely to see steady growth in years to come.
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.
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). In general, the total consumption indicated a strong increase 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 likely to see steady growth in years to come.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.Consumption
In , approx. tons of fastener, button, needle, and pin were consumed in the United States; jumping by % on the previous year. Over the period under review, the total consumption indicated a resilient increase from 2013 to : its volume increased at an average annual rate of +% over the last eight-year period. 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 the immediate term.
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.
, approx. tons of fastener, button, needle, and pin were consumed in the United States; jumping by % on the previous year. Over the period under review, the total consumption indicated a resilient increase from 2013 to : its volume increased at an average annual rate of +% over the last eight-year period. 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 the immediate term.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.Market Forecast
Driven by increasing demand for button, needle, and pin in the United States, 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 tons by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .Trade Balance
The United States remains a net importer of button, needle, and pin; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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