Vietnam: Metal Rivet Market 2024

Metal Rivet Market Size in Vietnam

The Vietnamese metal rivet market plummeted to $X in 2022, falling 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 prominent increase. Metal rivet consumption peaked at $X in 2021, and then fell markedly in the following year.

Metal Rivet Exports

Exports from Vietnam

In 2022, metal rivet exports from Vietnam soared to X tons, increasing by X% against the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, metal rivet exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Indonesia (X tons) was the main destination for metal rivet exports from Vietnam, with a X% share of total exports. Moreover, metal rivet exports to Indonesia exceeded the volume sent to the second major destination, Thailand (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and South Korea (X% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for iron or steel rivets exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and South Korea (X% per year).

Export Prices by Country

The average metal rivet export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, showed a slight setback. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and Indonesia ($X per ton), while the average price for exports to Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

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

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Metal Rivet Imports

Imports into Vietnam

In 2022, purchases abroad of iron or steel rivets decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, metal rivet imports dropped to $X in 2022. In general, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal rivet to Vietnam, accounting for a X% share of total imports. Moreover, metal rivet imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel rivets to Vietnam, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The average metal rivet import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and China ($X per ton), while the price for the UK ($X per ton) and Thailand ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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