Eastern Europe: Metal Rivet Market 2024

Metal Rivet Market Size in Eastern Europe

In 2022, after two years of growth, there was decline in the East European metal rivet market, when its value decreased by -1% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 7.1% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Rivet Production in Eastern Europe

In value terms, metal rivet production reached $X in 2022 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 2020 with an increase of 15%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Metal Rivet Exports

Exports in Eastern Europe

In 2022, exports of iron or steel rivets in Eastern Europe soared to X tons, jumping by 31% against 2021 figures. Total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.9% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 33%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, metal rivet exports rose remarkably to $X in 2022. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, the Czech Republic (X tons), distantly followed by Poland (X tons), Lithuania (X tons), Belarus (X tons), Russia (X tons) and Hungary (X tons) represented the largest exporters of iron or steel rivets, together creating 94% of total exports. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Lithuania (with a CAGR of +17.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, together comprising 67% of total exports.

Among the main exporting countries, Poland, with a CAGR of +18.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, waning by -18.8% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the export price increased by 23%. The level of export peaked at $X per ton in 2021, and then declined dramatically in the following year.

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 Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.6%), while the other leaders experienced more modest paces of growth.

Metal Rivet Imports

Imports in Eastern Europe

Metal rivet imports expanded slightly to X tons in 2022, with an increase of 2.5% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 13%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal rivet imports totaled $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Poland (X tons), distantly followed by the Czech Republic (X tons), Hungary (X tons), Slovakia (X tons), Romania (X tons) and Russia (X tons) were the key importers of iron or steel rivets, together achieving 92% of total imports. Bulgaria (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bulgaria (with a CAGR of +16.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal rivet importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Slovakia ($X), together accounting for 64% of total imports. Hungary, Romania, Russia and Bulgaria lagged somewhat behind, together comprising a further 32%.

Bulgaria, with a CAGR of +10.9%, recorded 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 Eastern Europe stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2020 when the import price increased by 14% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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