Hong Kong SAR, China - Iron Or Steel Rivets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIn 2023, Hong Kongs Sees Steepest Decline in Metal Rivet Exports, Recording a Low of $13 Million.
Hong Kong Metal Rivet Exports
After six years of decline, shipments abroad of iron or steel rivets increased by 5.5% to 339 tons in 2023. In general, exports, however, continue to indicate a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 53% against the previous year. Over the period under review, the exports hit record highs at 1.4K tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.
In value terms, metal rivet exports declined to $13M (IndexBox estimates) in 2023. Overall, exports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2015 with an increase of 23%. The exports peaked at $26M in 2016; however, from 2017 to 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Metal Rivet in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 11.9 | 11.4 | 16.5 | 18.0 | 14.6 | 11.1 | 12.9 | 12.6 | 14.8 | 10.4 | 9.3 |
| Bangladesh | 3.1 | 2.7 | 2.3 | 2.5 | 1.6 | 1.3 | 0.9 | 0.5 | 0.8 | 0.7 | 1.0 |
| United States | 1.1 | 1.0 | 0.8 | 0.6 | 0.3 | 0.5 | 0.8 | 0.4 | 1.1 | 1.2 | 0.8 |
| Cambodia | 0.9 | 0.7 | 0.7 | 0.6 | 0.4 | 0.3 | 0.4 | 0.5 | 0.8 | 0.6 | 0.6 |
| Mexico | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | N/A | 0.1 | 0.1 | 0.2 | 0.3 |
| Vietnam | 0.2 | 0.3 | 0.5 | 0.8 | 0.5 | 0.4 | 0.4 | 0.3 | 0.5 | 0.5 | 0.3 |
| Sri Lanka | 0.6 | 0.7 | 0.5 | 0.7 | 0.7 | 0.7 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 |
| Singapore | N/A | 0.2 | 1.3 | 1.0 | 1.2 | 1.8 | 1.0 | 1.0 | 0.2 | 0.1 | N/A |
| Others | 3.1 | 3.0 | 2.2 | 2.1 | 1.4 | 0.9 | 0.8 | 0.4 | 0.7 | 0.6 | 0.5 |
| Total | 21.0 | 20.2 | 24.9 | 26.3 | 21.0 | 17.2 | 17.7 | 16.2 | 19.5 | 14.9 | 13.5 |
Exports by Country
China (206 tons) was the main destination for metal rivet exports from Hong Kong, with a 61% share of total exports. Moreover, metal rivet exports to China exceeded the volume sent to the second major destination, Bangladesh (32 tons), sixfold. The third position in this ranking was held by Mexico (26 tons), with a 7.6% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to China amounted to -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-11.9% per year) and Mexico (+7.2% per year).
In value terms, China ($9.3M) remains the key foreign market for iron or steel rivets exports from Hong Kong, comprising 69% of total exports. The second position in the ranking was held by Bangladesh ($992K), with a 7.4% share of total exports. It was followed by the United States, with a 5.6% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China totaled -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (-10.6% per year) and the United States (-3.5% per year).
Export Prices by Country
In 2023, the metal rivet price stood at $39,723 per ton (FOB, Hong Kong), dropping by -14.3% against the previous year. Overall, the export price, however, posted a resilient increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices attained the maximum at $46,339 per ton in 2022, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($108,250 per ton), while the average price for exports to Japan ($13,355 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the metal rivet market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
