Central Asia: Metal Rivet Market 2025

Metal Rivet Market Size in Central Asia

The Central Asian metal rivet market reached $X in 2022, increasing by 3.6% against the previous year. Overall, consumption continues to indicate a strong increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Metal Rivet Production in Central Asia

In value terms, metal rivet production dropped to $X in 2022 estimated in export price. The total production indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +0.7% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 68% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Metal Rivet Exports

Exports in Central Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of iron or steel rivets, when their volume decreased by -18% to X tons. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 11,628%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal rivet exports reduced to $X in 2022. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 3,018%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mongolia (X tons) and Kazakhstan (X tons) represented the largest exporters of iron or steel rivets in 2022, recording near 42% and 35% of total exports, respectively. It was distantly followed by Kyrgyzstan (X tons), constituting a 23% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Mongolia (with a CAGR of +82.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest metal rivet supplying countries in Central Asia were Kazakhstan ($X), Mongolia ($X) and Kyrgyzstan ($X), with a combined 87% share of total exports.

Mongolia, with a CAGR of +68.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2022, surging by 9.3% against the previous year. Over the period under review, the export price saw a slight expansion. The most prominent rate of growth was recorded in 2019 an increase of 231%. Over the period under review, the export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Kazakhstan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+3.8%), while the other leaders experienced a decline in the export price figures.

Metal Rivet Imports

Imports in Central Asia

In 2022, metal rivet imports in Central Asia expanded notably to X tons, surging by 7.9% on the previous year's figure. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 272% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, metal rivet imports rose modestly to $X in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of 294%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) represented the main importer of iron or steel rivets, achieving 78% of total imports. It was distantly followed by Uzbekistan (X tons), generating a 16% share of total imports. Mongolia (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal rivet imports into Kazakhstan stood at +13.4%. At the same time, Uzbekistan (+31.8%), Mongolia (+19.2%) and Kyrgyzstan (+6.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +31.8% from 2012-2022. While the share of Uzbekistan (+16 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kyrgyzstan (-2.3 p.p.) and Kazakhstan (-13.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Uzbekistan ($X) and Mongolia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 97% share of total imports.

Uzbekistan, with a CAGR of +49.5%, 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

The import price in Central Asia stood at $X per ton in 2022, reducing by -4% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the 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 Uzbekistan ($X per ton), while Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+13.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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