ASEAN: Metal Tubular Rivet Market 2025

Metal Tubular Rivet Market Size in ASEAN

After two years of decline, the ASEAN metal tubular rivet market increased by 21% to $X in 2021. The total consumption indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Metal Tubular Rivet Production in ASEAN

In value terms, metal tubular rivet production rose sharply to $X in 2021 estimated in export price. In general, production, however, showed a mild decline. The growth pace was the most rapid in 2017 with an increase of 33% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Metal Tubular Rivet Exports

Exports in ASEAN

In 2021, approx. X tons of base metal tubular or bifurcated rivets were exported in ASEAN; picking up by 72% against 2020 figures. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 101%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, metal tubular rivet exports skyrocketed to $X in 2021. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 84%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam represented the key exporting country with an export of about X tons, which reached 74% of total exports. It was distantly followed by Singapore (X tons), comprising a 22% share of total exports. Thailand (X tons) took a minor share of total exports.

Vietnam was also the fastest-growing in terms of the base metal tubular or bifurcated rivets exports, with a CAGR of +22.8% from 2012 to 2021. At the same time, Singapore (+7.7%) displayed positive paces of growth. By contrast, Thailand (-6.9%) illustrated a downward trend over the same period. While the share of Vietnam (+33 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-10.3 p.p.) and Singapore (-18.1 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest metal tubular rivet supplier in ASEAN, comprising 73% of total exports. The second position in the ranking was taken by Singapore ($X), with a 22% share of total exports.

In Vietnam, metal tubular rivet exports expanded at an average annual rate of +19.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+5.1% per year) and Thailand (-4.9% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, dropping by -15.9% against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2014 an increase of 18% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.2%), while the other leaders experienced a decline in the export price figures.

Metal Tubular Rivet Imports

Imports in ASEAN

In 2021, imports of base metal tubular or bifurcated rivets in ASEAN soared to X tons, with an increase of 59% against the previous year. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal tubular rivet imports surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia was the largest importing country with an import of about X tons, which accounted for 53% of total imports. The Philippines (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons) and Thailand (X tons). All these countries together held near 39% share of total imports. Malaysia (X tons) and Singapore (X tons) took a minor share of total imports.

Indonesia was also the fastest-growing in terms of the base metal tubular or bifurcated rivets imports, with a CAGR of +31.3% from 2012 to 2021. At the same time, the Philippines (+28.6%), Malaysia (+25.0%), Vietnam (+16.0%) and Thailand (+2.8%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. While the share of Indonesia (+27 p.p.) and the Philippines (+8.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Vietnam (-6.8 p.p.), Singapore (-10.4 p.p.) and Thailand (-16.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal tubular rivet importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and the Philippines ($X), with a combined 73% share of total imports.

The Philippines, with a CAGR of +31.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, leveling off at the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 an increase of 10%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform