Singapore: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Singapore

In 2022, the Singaporean metal tubular rivet market decreased by X% to $X, falling for the fourth consecutive year after three years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Tubular Rivet Production in Singapore

In value terms, metal tubular rivet production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Metal tubular rivet production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Metal Tubular Rivet Exports

Exports from Singapore

In 2022, metal tubular rivet exports from Singapore fell to X tons, waning by X% on the previous year's figure. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal tubular rivet exports shrank to $X in 2022. In general, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Malaysia (X tons) and Thailand (X tons) were the main destinations of metal tubular rivet exports from Singapore, with a combined X% share of total exports. India, Vietnam, Canada, China and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal tubular rivet exported from Singapore were Indonesia ($X), Malaysia ($X) and Thailand ($X), with a combined X% share of total exports. India, Canada, Vietnam, China and Turkey lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal tubular rivet export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a mild setback. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Indonesia ($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 Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Tubular Rivet Imports

Imports into Singapore

In 2022, the amount of base metal tubular or bifurcated rivets imported into Singapore declined rapidly to X tons, which is down by X% on the year before. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, metal tubular rivet imports contracted to $X in 2022. In general, imports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X tons), the United States (X tons) and China (X tons) were the main suppliers of metal tubular rivet imports to Singapore, together accounting for X% of total imports.

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

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

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 South Korea ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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