EU: Metal Rivet Market 2024

Metal Rivet Market Size in the EU

In 2022, the EU metal rivet market increased by 6.6% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the market value increased by 9.5% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Metal Rivet Production in the EU

In value terms, metal rivet production rose markedly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Metal Rivet Exports

Exports in the EU

In 2022, approx. X tons of iron or steel rivets were exported in the European Union; dropping by -9.2% compared with the previous year. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, metal rivet exports reduced to $X in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Germany was the major exporting country with an export of about X tons, which finished at 48% of total exports. Italy (X tons) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Slovenia (6.6%), Austria (5.6%) and the Czech Republic (4.9%). The following exporters - France (X tons), the Netherlands (X tons), Poland (X tons), Portugal (X tons), Lithuania (X tons) and Sweden (X tons) - together made up 17% of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal rivet exports from Germany stood at +2.1%. At the same time, Lithuania (+17.3%), Portugal (+14.4%), Poland (+13.4%), the Czech Republic (+7.8%), Italy (+6.0%) and Austria (+3.1%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +17.3% from 2012-2022. Slovenia and Sweden experienced a relatively flat trend pattern. By contrast, France (-1.7%) and the Netherlands (-4.0%) illustrated a downward trend over the same period. Italy (+3.4 p.p.), Poland (+2 p.p.), Lithuania (+1.9 p.p.), the Czech Republic (+1.9 p.p.) and Portugal (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while France, Slovenia, Germany and the Netherlands saw its share reduced by -2%, -2.3%, -3.2% and -3.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest metal rivet supplier in the European Union, comprising 55% of total exports. The second position in the ranking was held by Italy ($X), with a 10% share of total exports. It was followed by Austria, with a 7% share.

In Germany, metal rivet exports increased at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+10.1% per year) and Austria (+4.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by 6.8%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then shrank 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 France ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.3%), while the other leaders experienced more modest paces of growth.

Metal Rivet Imports

Imports in the EU

In 2022, approx. X tons of iron or steel rivets were imported in the European Union; surging by 3.8% against the previous year's figure. The total import volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 18%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, metal rivet imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons), distantly followed by Spain (X tons), Poland (X tons), Austria (X tons), the Czech Republic (X tons), France (X tons), Hungary (X tons) and Slovakia (X tons) were the largest importers of iron or steel rivets, together mixing up 80% of total imports. Sweden (X tons), Romania (X tons), the Netherlands (X tons) and Italy (X tons) took a minor 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 Spain (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal rivet importing markets in the European Union were Germany ($X), France ($X) and Austria ($X), together accounting for 46% of total imports. Poland, the Czech Republic, Slovakia, Hungary, Spain, Romania, the Netherlands, Italy and Sweden lagged somewhat behind, together comprising a further 46%.

Among the main importing countries, Slovakia, with a CAGR of +8.3%, recorded the highest growth rate of the value of imports, 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 the European Union stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Sweden ($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

Frequently Asked Questions (FAQ) :