India: Metal Rivet Market 2025

Metal Rivet Market Size in India

In 2022, the Indian metal rivet market increased by 5.3% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +6.4% against 2020 indices. Metal rivet consumption peaked in 2022 and is likely to see steady growth in the near future.

Metal Rivet Production in India

In value terms, metal rivet production rose modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 17%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal Rivet Exports

Exports from India

In 2022, shipments abroad of iron or steel rivets increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 48% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, metal rivet exports soared to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +56.8% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 48%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), Nigeria (X tons) and Germany (X tons) were the main destinations of metal rivet exports from India, with a combined 54% share of total exports. Kenya, the United Arab Emirates, Brazil, Nepal, Saudi Arabia, Bangladesh, France, Poland, Turkey and Sri Lanka lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +72.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for iron or steel rivets exports from India, comprising 30% of total exports. The second position in the ranking was held by Nigeria ($X), with a 13% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +32.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+3.1% per year) and Germany (+25.9% per year).

Export Prices by Country

In 2022, the average metal rivet export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal rivet export price increased by +30.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 an increase of 39%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into India

Metal rivet imports into India skyrocketed to X tons in 2022, jumping by 41% on 2021. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 64%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, metal rivet imports soared to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest metal rivet supplier to India, with a 69% share of total imports. Moreover, metal rivet imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.9% per year) and Hong Kong SAR (+9.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel rivets to India, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with a 9.7% share of total imports. It was followed by Japan, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.3% per year) and Japan (-0.8% per year).

Import Prices by Country

In 2022, the average metal rivet import price amounted to $X per ton, reducing by -10.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 49% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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