U.S.: Metal Rivet Market 2024

Metal Rivet Market Size in the U.S.

The U.S. metal rivet market fell slightly to $X in 2022, approximately equating the previous year. In general, consumption, however, saw a perceptible decline. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. Metal rivet consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Metal Rivet Production in the U.S.

In value terms, metal rivet production fell modestly to $X in 2022. In general, production, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Metal Rivet Exports

Exports from the U.S.

In 2022, shipments abroad of iron or steel rivets increased by X% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, metal rivet exports skyrocketed to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Mexico (X tons) was the main destination for metal rivet exports from the United States, accounting for a X% share of total exports. Moreover, metal rivet exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), fourfold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

In value terms, Mexico ($X) remains the key foreign market for iron or steel rivets exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

Export Prices by Country

The average metal rivet export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a slight slump. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Mexico ($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 China (X%), while the prices for the other major destinations experienced a decline.

Metal Rivet Imports

Imports into the U.S.

Metal rivet imports into the United States expanded sharply to X tons in 2022, picking up by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, metal rivet imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 likely to continue growth in years to come.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and Canada (X tons) were the main suppliers of metal rivet imports to the United States, together accounting for X% of total imports. Japan, Germany, South Korea and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Taiwan (Chinese) ($X), China ($X) and Canada ($X) constituted the largest metal rivet suppliers to the United States, together accounting for X% of total imports. Germany, Japan, the UK and South Korea lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Germany, with a CAGR of X%, saw 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

In 2022, the average metal rivet import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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