Metal Tubular Rivet Market

The global market for base metal tubular or bifurcated rivets is expected to continue an upward consumption trend over the next eight years, with a forecasted CAGR of +2.1% in volume and +3.5% in value from 2022 to 2030. China leads in both consumption and production, while the United States dominates in market value terms. The Netherlands and Germany are among the largest importers, while China and the Czech Republic are major exporters. Overall, the market shows steady growth in consumption, production, imports, and exports, with some fluctuations in trend patterns throughout the analyzed period.

Market Forecast

Driven by increasing demand for base metal tubular or bifurcated rivets worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 453K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.5% for the period from 2022 to 2030, which is projected to bring the market value to $6.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Base Metal Tubular Or Bifurcated Rivets

In 2022, approx. 385K tons of base metal tubular or bifurcated rivets were consumed worldwide; with a decrease of -3.1% on the year before. In general, the total consumption indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +3.3% against 2020 indices. Over the period under review, global consumption attained the maximum volume at 402K tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global metal tubular rivet market value declined modestly to $4.7B in 2022, remaining relatively unchanged 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 +1.1% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Global consumption peaked at $4.8B in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Consumption By Country

The country with the largest volume of metal tubular rivet consumption was China (115K tons), comprising approx. 30% of total volume. Moreover, metal tubular rivet consumption in China exceeded the figures recorded by the second-largest consumer, the United States (45K tons), threefold. Russia (24K tons) ranked third in terms of total consumption with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +5.4%. In the other countries, the average annual rates were as follows: the United States (+3.5% per year) and Russia (+5.5% per year).

In value terms, the United States ($1.2B) led the market, alone. The second position in the ranking was taken by China ($458M). It was followed by Japan.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +3.8%. In the other countries, the average annual rates were as follows: China (+6.5% per year) and Japan (-4.9% per year).

The countries with the highest levels of metal tubular rivet per capita consumption in 2022 were Russia (167 kg per 1000 persons), Mexico (143 kg per 1000 persons) and Japan (140 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +11.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Base Metal Tubular Or Bifurcated Rivets

In 2022, global production of base metal tubular or bifurcated rivets shrank modestly to 383K tons, which is down by -1.6% on the previous year's figure. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.9% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 17%. Over the period under review, global production hit record highs at 406K tons in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In value terms, metal tubular rivet production amounted to $4.3B in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 11%. Over the period under review, global production reached the peak level at $4.5B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

China (153K tons) constituted the country with the largest volume of metal tubular rivet production, accounting for 40% of total volume. Moreover, metal tubular rivet production in China exceeded the figures recorded by the second-largest producer, the United States (41K tons), fourfold. Brazil (21K tons) ranked third in terms of total production with a 5.4% share.

In China, metal tubular rivet production expanded at an average annual rate of +6.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+3.4% per year) and Brazil (+4.8% per year).

Imports

World Imports of Base Metal Tubular Or Bifurcated Rivets

In 2022, approx. 84K tons of base metal tubular or bifurcated rivets were imported worldwide; flattening at 2021. The total import volume increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23%. As a result, imports attained the peak of 85K tons, and then reduced slightly in the following year.

In value terms, metal tubular rivet imports reached $784M in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

Imports By Country

In 2022, the Netherlands (8K tons), Germany (7.5K tons), Mexico (7.1K tons), the United States (6.4K tons), Russia (4.9K tons), Italy (4.7K tons), France (3.9K tons), Turkey (3.1K tons), Spain (3K tons), Poland (2.7K tons), Indonesia (2.1K tons) and the UK (1.9K tons) represented the largest importer of base metal tubular or bifurcated rivets in the world, comprising 66% of total import. Hungary (1.9K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +17.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($85M), France ($61M) and the Netherlands ($60M) appeared to be the countries with the highest levels of imports in 2022, with a combined 26% share of global imports. The United States, Italy, Mexico, Spain, Turkey, the UK, Russia, Poland, Hungary and Indonesia lagged somewhat behind, together comprising a further 34%.

In terms of the main importing countries, Hungary, with a CAGR of +12.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average metal tubular rivet import price amounted to $9,343 per ton, growing by 1.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 3.9%. Global import price peaked at $9,873 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($15,711 per ton), while Russia ($4,273 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Base Metal Tubular Or Bifurcated Rivets

In 2022, the amount of base metal tubular or bifurcated rivets exported worldwide rose rapidly to 82K tons, picking up by 6.1% compared with the previous year's figure. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.0% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by 31% against the previous year. Over the period under review, the global exports attained the maximum at 84K tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, metal tubular rivet exports expanded rapidly to $820M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports By Country

China was the major exporting country with an export of around 40K tons, which reached 49% of total exports. The Netherlands (7.2K tons) took the second position in the ranking, followed by Germany (7K tons) and the UK (5K tons). All these countries together took approx. 23% share of total exports. The United States (3.3K tons), the Czech Republic (3.1K tons), Italy (2.6K tons), Spain (2.6K tons), France (1.9K tons) and Sweden (1.4K tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal tubular rivet exports from China stood at +13.2%. At the same time, France (+16.0%), the Czech Republic (+14.2%), Germany (+6.9%), the United States (+5.9%), the Netherlands (+4.9%) and Sweden (+3.3%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing exporter exported in the world, with a CAGR of +16.0% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Spain (-2.4%) and Italy (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and the Czech Republic increased by +22 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal tubular rivet supplying countries worldwide were China ($206M), Germany ($116M) and the United States ($112M), together accounting for 53% of global exports. The Netherlands, the UK, Italy, the Czech Republic, France, Spain and Sweden lagged somewhat behind, together comprising a further 32%.

The Czech Republic, with a CAGR of +19.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average metal tubular rivet export price stood at $10,059 per ton in 2022, growing by 6.8% against the previous year. Over the period under review, the export price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2021 when the average export price increased by 7.6%. The global export price peaked at $12,009 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($33,991 per ton), while China ($5,208 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform