India: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in India

The Indian metal tubular rivet market expanded to $X in 2022, picking up by X% 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). Over the period under review, consumption, however, showed a strong increase. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Metal Tubular Rivet Exports

Exports from India

In 2022, overseas shipments of base metal tubular or bifurcated rivets increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal tubular rivet exports soared to $X in 2022. Overall, exports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X tons), Kenya (X tons) and Sri Lanka (X tons) were the main destinations of metal tubular rivet exports from India, together comprising X% of total exports. Kuwait, Brazil, Thailand, Egypt, the United States and Nepal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) remains the key foreign market for base metal tubular or bifurcated rivets exports from India, comprising X% of total exports. The second position in the ranking was taken by Kenya ($X), with a X% share of total exports. It was followed by Egypt, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the average metal tubular rivet export price amounted to $X per ton, rising by X% against the previous year. In general, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Metal Tubular Rivet Imports

Imports into India

In 2022, overseas purchases of base metal tubular or bifurcated rivets decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, metal tubular rivet imports rose remarkably to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest metal tubular rivet supplier to India, with a X% share of total imports. Moreover, metal tubular rivet imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X), Hong Kong SAR ($X) and Turkey ($X) constituted the largest metal tubular rivet suppliers to India, with a combined X% share of total imports. Belgium, the UK, Germany and the United States lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Belgium, 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, with an increase of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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