World - Iron Or Steel Rivets - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the expected growth of the iron and steel rivet market worldwide, with forecasted increases in both market volume and value. It details trends in consumption, production, imports, and exports, highlighting key countries and their contributions to the market. The analysis covers the period from 2012 to 2022, with insights into growth rates, peak figures, and fluctuations in market trends. The article provides valuable information for stakeholders interested in the iron and steel rivet market.
Market Forecast
Driven by increasing demand for iron or steel rivets worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 529K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Iron Or Steel Rivets
After two years of decline, consumption of iron or steel rivets increased by 2.9% to 473K tons in 2022. The total consumption volume increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 6.8%. Over the period under review, global consumption attained the peak volume in 2022 and is likely to continue growth in the immediate term.
The global metal rivet market revenue rose to $3.1B in 2022, increasing by 3.2% 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 continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 6.2% against the previous year. Global consumption peaked at $3.2B in 2014; however, from 2015 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (91K tons), the United States (85K tons) and India (45K tons), with a combined 47% share of global consumption. Germany, Mexico, Brazil, Canada, Japan, Turkey, South Korea, Saudi Arabia and Spain lagged somewhat behind, together comprising a further 31%.
From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +12.3%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($1B) led the market, alone. The second position in the ranking was held by China ($346M). It was followed by Japan.
From 2012 to 2022, the average annual growth rate of value in the United States totaled -2.0%. The remaining consuming countries recorded the following average annual rates of market growth: China (+2.3% per year) and Japan (-0.6% per year).
The countries with the highest levels of metal rivet per capita consumption in 2022 were Canada (548 kg per 1000 persons), Germany (327 kg per 1000 persons) and the United States (253 kg per 1000 persons).
From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +12.2%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Iron Or Steel Rivets
In 2022, the amount of iron or steel rivets produced worldwide was estimated at 432K tons, picking up by 2.3% against the year before. The total output volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 5.4% against the previous year. Global production peaked in 2022 and is expected to retain growth in years to come.
In value terms, metal rivet production stood at $2.9B in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 5.7% against the previous year. Global production peaked at $2.9B in 2013; afterwards, it flattened through to 2022.
Production By Country
The countries with the highest volumes of production in 2022 were China (123K tons), the United States (79K tons) and India (40K tons), with a combined 56% share of global production. Germany, Japan, Brazil, South Korea, Turkey, Italy, Taiwan (Chinese) and Saudi Arabia lagged somewhat behind, together accounting for a further 29%.
From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Turkey (with a CAGR of +5.4%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Iron Or Steel Rivets
In 2022, approx. 157K tons of iron or steel rivets were imported worldwide; therefore, remained relatively stable against 2021. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of 158K tons, leveling off in the following year.
In value terms, metal rivet imports expanded modestly to $857M in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in the near future.
Imports By Country
Canada (23K tons), Mexico (22K tons), the United States (15K tons) and Germany (13K tons) represented roughly 46% of total imports in 2022. It was distantly followed by Spain (7.3K tons), creating a 4.6% share of total imports. The following importers - India (5.8K tons), Poland (5.1K tons), China (4K tons), Austria (3.9K tons), the Philippines (3.3K tons), the Czech Republic (3.2K tons), France (2.8K tons) and Malaysia (2.7K tons) - together made up 20% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of +19.8%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, Mexico ($114M), the United States ($96M) and Germany ($69M) constituted the countries with the highest levels of imports in 2022, with a combined 32% share of global imports. China, France, Austria, Poland, India, Canada, the Czech Republic, Spain, Malaysia and the Philippines lagged somewhat behind, together comprising a further 33%.
The Philippines, with a CAGR of +18.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average metal rivet import price stood at $5,456 per ton in 2022, growing by 4.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 5.6% against the previous year. Over the period under review, average import prices attained the maximum at $6,175 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 China ($15,754 per ton), while Canada ($1,069 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Iron Or Steel Rivets
After two years of growth, shipments abroad of iron or steel rivets decreased by -3.6% to 116K tons in 2022. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 35%. As a result, the exports reached the peak of 121K tons, and then fell in the following year.
In value terms, metal rivet exports shrank modestly to $798M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 37%. As a result, the exports reached the peak of $813M, and then reduced modestly in the following year.
Exports By Country
In 2022, China (36K tons), distantly followed by Germany (18K tons), the United States (9.2K tons) and Taiwan (Chinese) (9.1K tons) represented the major exporters of iron or steel rivets, together achieving 62% of total exports. Italy (4.7K tons), South Korea (4.7K tons), Switzerland (3.8K tons), Japan (3K tons), Slovenia (2.4K tons), the Netherlands (2.3K tons), Canada (2.2K tons), Austria (2.1K tons) and Turkey (1.9K tons) took a relatively small share of total exports.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +9.5%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, China ($163M), Germany ($147M) and the United States ($113M) appeared to be the countries with the highest levels of exports in 2022, together accounting for 53% of global exports. Taiwan (Chinese), Japan, Switzerland, Italy, South Korea, Austria, Canada, the Netherlands, Slovenia and Turkey lagged somewhat behind, together comprising a further 29%.
Italy, with a CAGR of +10.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average metal rivet export price stood at $6,861 per ton in 2022, with an increase of 1.8% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 5.3%. As a result, the export price attained the peak level of $7,153 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
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 Japan ($12,665 per ton), while Slovenia ($3,253 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global metal rivet market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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