Italy: Metal Rivet Market 2024

Metal Rivet Market Size in Italy

In 2022, after two years of decline, there was significant growth in the Italian metal rivet market, when its value increased by 285% to $X. Over the period under review, consumption saw resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Rivet Production in Italy

In value terms, metal rivet production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Metal Rivet Exports

Exports from Italy

In 2022, approx. X tons of iron or steel rivets were exported from Italy; falling by -8.3% against 2021. In general, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +8.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, metal rivet exports rose to $X in 2022. Over the period under review, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 32%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for metal rivet exports from Italy, with a 39% share of total exports. Moreover, metal rivet exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+8.3% per year) and Poland (+4.2% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel rivets exports from Italy, comprising 34% of total exports. The second position in the ranking was taken by Austria ($X), with a 13% share of total exports. It was followed by the Czech Republic, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+11.6% per year) and the Czech Republic (+22.5% per year).

Export Prices by Country

The average metal rivet export price stood at $X per ton in 2022, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Slovakia ($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 Spain (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into Italy

In 2022, overseas purchases of iron or steel rivets increased by 25% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 52% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, metal rivet imports surged to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest metal rivet supplier to Italy, with a 50% share of total imports. Moreover, metal rivet imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.7% per year) and Taiwan (Chinese) (+3.7% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) were the largest metal rivet suppliers to Italy, with a combined 56% share of total imports. Switzerland, the Netherlands, Hungary, the UK, Poland, Japan, Taiwan (Chinese), Turkey and South Korea lagged somewhat behind, together accounting for a further 30%.

Poland, with a CAGR of +111.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal rivet import price stood at $X per ton in 2022, with a decrease of -6.7% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal rivet import price decreased by -19.9% against 2017 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 73% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :