Ireland: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Ireland

The Irish metal tubular rivet market skyrocketed to $X in 2021, picking up by 23% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a strong increase. Metal tubular rivet consumption peaked in 2021 and is expected to retain growth in the near future.

Metal Tubular Rivet Exports

Exports from Ireland

After three years of growth, shipments abroad of base metal tubular or bifurcated rivets decreased by -49.9% to X kg in 2021. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 955% against the previous year. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, metal tubular rivet exports dropped to $X in 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 4,615% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X kg), the United States (X kg) and the UK (X kg) were the main destinations of metal tubular rivet exports from Ireland, together accounting for 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +9,650.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Singapore ($X) constituted the largest markets for metal tubular rivet exported from Ireland worldwide, together accounting for 100% of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +13,732.8%, 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

The average metal tubular rivet export price stood at $X per ton in 2021, surging by 88% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 780% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+42.3%), while the prices for the other major destinations experienced a decline.

Metal Tubular Rivet Imports

Imports into Ireland

In 2021, the amount of base metal tubular or bifurcated rivets imported into Ireland skyrocketed to X tons, growing by 40% against the year before. Overall, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal tubular rivet imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 57%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of metal tubular rivet to Ireland, with a 75% share of total imports. Moreover, metal tubular rivet imports from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.8% per year) and the Netherlands (0.0% per year).

In value terms, the UK ($X) constituted the largest supplier of base metal tubular or bifurcated rivets to Ireland, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by China, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from the UK stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.9% per year) and China (+37.1% per year).

Import Prices by Country

The average metal tubular rivet import price stood at $X per ton in 2021, falling by -15.7% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% 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 decreased by -23.4% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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