Central Asia: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Central Asia

In 2021, after two years of decline, there was growth in the Central Asian metal tubular rivet market, when its value increased by 1.2% to $X. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.8% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Metal Tubular Rivet Production in Central Asia

In value terms, metal tubular rivet production rose modestly to $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 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 Central Asia

In 2021, shipments abroad of base metal tubular or bifurcated rivets increased by 297% to X tons, rising for the fourth year in a row after five years of decline. Over the period under review, exports posted slight growth. The pace of growth was the most pronounced in 2018 with an increase of 1,886% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, metal tubular rivet exports soared to $X in 2021. Overall, exports, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 2,403% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan prevails in exports structure, resulting at X tons, which was near 86% of total exports in 2021. Kyrgyzstan (X kg) ranks second in terms of the total exports with a 6.3% share, followed by Turkmenistan (5.4%). Uzbekistan (X kg) followed a long way behind the leaders.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of base metal tubular or bifurcated rivets. At the same time, Uzbekistan (+270.8%), Kyrgyzstan (+55.1%) and Turkmenistan (+6.4%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +270.8% from 2012-2021. While the share of Kyrgyzstan (+6.1 p.p.), Turkmenistan (+5.4 p.p.) and Uzbekistan (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-13.7 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) emerged as the largest metal tubular rivet supplier in Central Asia, comprising 84% of total exports. The second position in the ranking was held by Turkmenistan ($X), with a 5.9% share of total exports. It was followed by Kyrgyzstan, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at -4.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkmenistan (-16.8% per year) and Kyrgyzstan (+26.2% per year).

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, shrinking by -34% against the previous year. In general, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2017 when the export price increased by 112% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+29.7%), while the other leaders experienced a decline in the export price figures.

Metal Tubular Rivet Imports

Imports in Central Asia

In 2021, approx. X tons of base metal tubular or bifurcated rivets were imported in Central Asia; which is down by -7% against the previous year. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 440% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal tubular rivet imports expanded significantly to $X in 2021. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 115% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Kazakhstan represented the major importing country with an import of about X tons, which finished at 57% of total imports. Uzbekistan (X tons) ranks second in terms of the total imports with a 31% share, followed by Kyrgyzstan (12%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kyrgyzstan (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported base metal tubular or bifurcated rivets in Central Asia, comprising 63% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +23.7%. In the other countries, the average annual rates were as follows: Uzbekistan (+41.0% per year) and Kyrgyzstan (+25.7% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, picking up by 18% against the previous year. In general, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 57% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+18.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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