China: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in China

In 2021, the Chinese metal tubular rivet market increased by 0.8% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +66.2% against 2014 indices. Metal tubular rivet consumption peaked in 2021 and is expected to retain growth in the near future.

Metal Tubular Rivet Production in China

In value terms, metal tubular rivet production amounted to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% 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 -2.8% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Metal Tubular Rivet Exports

Exports from China

In 2021, approx. X tons of base metal tubular or bifurcated rivets were exported from China; picking up by 14% against the previous year's figure. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 86%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, metal tubular rivet exports soared to $X in 2021. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 90% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons), Germany (X tons) and the Philippines (X tons) were the main destinations of metal tubular rivet exports from China, with a combined 25% share of total exports. These countries were followed by the United States, Italy, France, Turkey, the Netherlands, Spain, South Africa, Poland, Brazil and India, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +41.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal tubular rivet exported from China were Germany ($X), Russia ($X) and the United States ($X), with a combined 23% share of total exports. These countries were followed by the Netherlands, the Philippines, Italy, India, Spain, Turkey, France, South Africa, Brazil and Poland, which together accounted for a further 34%.

France, with a CAGR of +41.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal tubular rivet export price amounted to $X per ton, growing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Tubular Rivet Imports

Imports into China

Metal tubular rivet imports into China skyrocketed to X tons in 2021, rising by 20% on 2020. In general, imports showed a strong increase. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, metal tubular rivet imports surged to $X in 2021. Overall, imports showed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the United States (X tons) and the UK (X tons) were the main suppliers of metal tubular rivet imports to China, together accounting for 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal tubular rivet suppliers to China were the United States ($X), Germany ($X) and the UK ($X), with a combined 88% share of total imports.

The UK, with a CAGR of +47.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal tubular rivet import price amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the import price saw prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 35%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+24.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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