Report Update Nov 1, 2024

Ghana - Base Metal Tubular or Bifurcated Rivets - Market Analysis, Forecast, Size, Trends and Insights

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Ghana: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Ghana

The Ghanian metal tubular rivet market declined slightly to $X in 2021, approximately mirroring the previous year. Overall, consumption, however, continues to indicate resilient growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Metal Tubular Rivet Production in Ghana

In value terms, metal tubular rivet production fell to $X in 2021 estimated in export price. Overall, production, however, posted resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 167%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Metal Tubular Rivet Exports

Exports from Ghana

After two years of decline, shipments abroad of base metal tubular or bifurcated rivets increased by 2,179% to X kg in 2020. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 4,135%. The exports peaked in 2020 and are likely to continue growth in the near future.

In value terms, metal tubular rivet exports surged to $X in 2020. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 4,216%. As a result, the exports reached the peak of $X. From 2014 to 2020, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for metal tubular rivet exports from Ghana, with a 75% share of total exports. Moreover, metal tubular rivet exports to Italy exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2012 to 2020, the average annual growth rate of volume to Italy was relatively modest.

In value terms, Italy ($X) emerged as the key foreign market for base metal tubular or bifurcated rivets exports from Ghana, comprising 91% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8.7% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Italy was relatively modest.

Export Prices by Country

In 2020, the average metal tubular rivet export price amounted to $X per ton, declining by -1.8% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The growth pace was the most rapid in 2013 when the average export price increased by 1.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-1.9%).

Metal Tubular Rivet Imports

Imports into Ghana

In 2021, the amount of base metal tubular or bifurcated rivets imported into Ghana stood at X tons, surging by 12% against the year before. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 when imports increased by 732%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, metal tubular rivet imports skyrocketed to $X in 2021. Over the period under review, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 672% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, South Africa (X tons) constituted the largest metal tubular rivet supplier to Ghana, with a 72% share of total imports. Moreover, metal tubular rivet imports from South Africa exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Africa amounted to +60.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+47.9% per year) and China (-11.2% per year).

In value terms, South Africa ($X), France ($X) and India ($X) appeared to be the largest metal tubular rivet suppliers to Ghana, together accounting for 84% of total imports.

South Africa, with a CAGR of +53.0%, saw the highest rates of growth with regard to 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, picking up by 17% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2015 an increase of 27%. The import price peaked in 2021 and is likely to see gradual 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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+23.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal tubular or bifurcated rivets in the world?

China constituted the country with the largest volume of metal tubular rivet consumption, accounting for 29% of total volume. Moreover, metal tubular rivet consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by Japan, with a 6.3% share.

What are the largest producers of base metal tubular or bifurcated rivets in the world?

China constituted the country with the largest volume of metal tubular rivet production, comprising approx. 40% of total volume. Moreover, metal tubular rivet production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Japan ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of base metal tubular or bifurcated rivets to Ghana?

In value terms, South Africa constituted the largest supplier of metal tubular rivet to Ghana, comprising 76% of total imports. The second position in the ranking was occupied by the United States $218), with an 11% share of total imports. It was followed by Italy, with a 2.7% share.

What is the average export price for base metal tubular or bifurcated rivets in Ghana?

The average metal tubular rivet export price stood at $3,988 per ton in 2020, growing by 8% against the previous year.

What is the average import price for base metal tubular or bifurcated rivets in Ghana?

The average metal tubular rivet import price stood at $2,762 per ton in 2020, waning by -4% against the previous year.

This report provides an in-depth analysis of the metal tubular rivet market in Ghana. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25992550 - Base metal tubular or bifurcated rivets

Country coverage:

Ghana

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ghana
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023