Eastern Asia: Metal Tubular Rivet Market 2025

Metal Tubular Rivet Market Size in Eastern Asia

In 2021, the East Asian metal tubular rivet market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Metal Tubular Rivet Production in Eastern Asia

In value terms, metal tubular rivet production expanded to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 26% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Metal Tubular Rivet Exports

Exports in Eastern Asia

In 2021, exports of base metal tubular or bifurcated rivets in Eastern Asia expanded markedly to X tons, increasing by 11% on the previous year's figure. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 68% against the previous year. The volume of export 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 surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

China dominates exports structure, recording X tons, which was near 93% of total exports in 2021. The following exporters - South Korea (X tons) and Hong Kong SAR (X tons) - each reached 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 -5% and -5.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest metal tubular rivet supplier in Eastern Asia, comprising 78% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total exports.

In China, metal tubular rivet exports expanded at an average annual rate of +17.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (-2.2% per year) and South Korea (-5.4% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 9.7% against the previous year. Overall, the export price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2018 when the export price increased by 12%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 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 Eastern Asia

In 2021, the amount of base metal tubular or bifurcated rivets imported in Eastern Asia soared to X tons, jumping by 21% on 2020 figures. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 23%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, metal tubular rivet imports skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the main importing country with an import of around X tons, which finished at 57% of total imports. Japan (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (15%). Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal tubular rivet imports into China stood at +9.2%. At the same time, South Korea (+23.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +23.7% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-17.3%) illustrated a downward trend over the same period. While the share of China (+18 p.p.) and South Korea (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Japan (-9.4 p.p.) and Hong Kong SAR (-21.1 p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported base metal tubular or bifurcated rivets in Eastern Asia, comprising 75% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by South Korea, with a 6.4% share.

In China, metal tubular rivet imports expanded at an average annual rate of +17.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-0.4% per year) and South Korea (+16.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 11% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal tubular rivet import price increased by +77.9% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 26%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

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 Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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