Asia-Pacific: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Asia-Pacific

In 2021, the Asia-Pacific metal tubular rivet market increased by 4.4% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Tubular Rivet Production in Asia-Pacific

In value terms, metal tubular rivet production expanded slightly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. 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 Asia-Pacific

In 2021, exports of base metal tubular or bifurcated rivets in Asia-Pacific expanded significantly to X tons, rising by 11% compared with 2020 figures. In general, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 67%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal tubular rivet exports surged to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 40%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. 92% of total exports in 2021. The following exporters - South Korea (X tons) and Hong Kong SAR (X tons) - each amounted to a 4.6% share of total exports.

China was also the fastest-growing in terms of the base metal tubular or bifurcated rivets exports, with a CAGR of +13.8% from 2012 to 2021. South Korea (-1.4%) and Hong Kong SAR (-2.5%) illustrated a downward trend over the same period. China (+13 p.p.) significantly strengthened its position in terms of the total exports, while South Korea and Hong Kong SAR saw its share reduced by -4.9% and -5.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest metal tubular rivet supplier in Asia-Pacific, comprising 76% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +17.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-2.2% per year) and South Korea (-5.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, with an increase of 9.7% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 12%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Metal Tubular Rivet Imports

Imports in Asia-Pacific

In 2021, metal tubular rivet imports in Asia-Pacific soared to X tons, surging by 46% on the year before. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.3% against 2018 indices. As a result, imports reached 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 +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +87.7% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia was the key importing country with an import of around X tons, which accounted for 31% of total imports. China (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (12%), Vietnam (7.6%), India (7.1%) and Japan (5.5%). Bangladesh (X tons), Australia (X tons), South Korea (X tons), Thailand (X tons), Sri Lanka (X tons) and Malaysia (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%), South Korea (+23.7%), Vietnam (+16.0%), China (+9.2%), India (+9.0%), Thailand (+2.8%) and Bangladesh (+1.3%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Sri Lanka (-1.4%) and Australia (-8.1%) illustrated a downward trend over the same period. Indonesia (+26 p.p.), the Philippines (+10 p.p.), Vietnam (+4.1 p.p.), China (+2.9 p.p.), South Korea (+2.7 p.p.) and Malaysia (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh, Sri Lanka, Japan and Australia saw its share reduced by -2.2%, -2.4%, -3.3% and -9.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported base metal tubular or bifurcated rivets in Asia-Pacific, comprising 37% of total imports. The second position in the ranking was held by Indonesia ($X), with a 10% share of total imports. It was followed by Vietnam, with an 8.1% share.

In China, metal tubular rivet imports increased at an average annual rate of +17.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+15.8% per year) and Vietnam (+7.2% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with a decrease of -2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2018 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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