Belarus: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Belarus

The Belarusian metal tubular rivet market fell rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption continues to indicate a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Metal Tubular Rivet Production in Belarus

In value terms, metal tubular rivet production surged to $X in 2022 estimated in export price. In general, production, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Metal tubular rivet production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Metal Tubular Rivet Exports

Exports from Belarus

In 2022, shipments abroad of base metal tubular or bifurcated rivets increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal tubular rivet exports totaled $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for metal tubular rivet exports from Belarus, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia totaled X%.

In value terms, Russia ($X) also remains the key foreign market for base metal tubular or bifurcated rivets exports from Belarus.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%.

Export Prices by Country

The average metal tubular rivet export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Metal Tubular Rivet Imports

Imports into Belarus

In 2022, overseas purchases of base metal tubular or bifurcated rivets decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal tubular rivet imports shrank remarkably to $X in 2022. Over the period under review, imports, however, showed perceptible growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal tubular rivet to Belarus, accounting for a X% share of total imports. Moreover, metal tubular rivet imports from China exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Poland (X% per year).

In value terms, China ($X), Lithuania ($X) and Switzerland ($X) appeared to be the largest metal tubular rivet suppliers to Belarus, with a combined X% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal tubular rivet import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal tubular rivet import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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