Latin America and the Caribbean: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Latin America and the Caribbean

In 2022, the Latin American metal tubular rivet market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a noticeable increase from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Metal Tubular Rivet Production in Latin America and the Caribbean

In value terms, metal tubular rivet production shrank to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal Tubular Rivet Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments 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, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal tubular rivet exports expanded significantly to $X in 2022. Over the period under review, exports showed a mild setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico was the main exporter of base metal tubular or bifurcated rivets in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Brazil (X tons) ranks second in terms of the total exports with a X% share, followed by El Salvador (X%) and Colombia (X%). Argentina (X tons) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, El Salvador (X%), Colombia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, El Salvador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. El Salvador (X p.p.), Brazil (X p.p.) and Colombia (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico and Argentina saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest metal tubular rivet supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Brazil ($X), with a X% share of total exports. It was followed by El Salvador, with a X% share.

In Mexico, metal tubular rivet exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and El Salvador (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2018; however, from 2019 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 Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced a decline in the export price figures.

Metal Tubular Rivet Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of base metal tubular or bifurcated rivets increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports posted a moderate increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, metal tubular rivet imports expanded notably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X tons) represented the major importer of base metal tubular or bifurcated rivets, making up X% of total imports. It was distantly followed by Brazil (X tons), achieving a X% share of total imports. The following importers - Argentina (X tons), Chile (X tons) and Honduras (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal tubular rivet imports into Mexico stood at X%. At the same time, Honduras (X%), Chile (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. While the share of Mexico (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported base metal tubular or bifurcated rivets in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, recorded a modest increase. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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