Jordan: Metal Rivet Market 2024

Metal Rivet Market Size in Jordan

The Jordanian metal rivet market stood at $X in 2022, with an increase of 2.2% against the previous year. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.5% against 2020 indices. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Metal Rivet Production in Jordan

In value terms, metal rivet production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild slump. The growth pace was the most rapid in 2020 when the production volume increased by 59%. Metal rivet production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Metal Rivet Exports

Exports from Jordan

In 2022, metal rivet exports from Jordan amounted to X tons, standing approx. at 2021. In general, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2018 when exports increased by 456% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, metal rivet exports amounted to $X in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 60% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for metal rivet exports from Jordan, with a 75% share of total exports. Moreover, metal rivet exports to Saudi Arabia exceeded the volume sent to the second major destination, Palestine (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled -15.7%.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +1.2%.

Export Prices by Country

In 2022, the average metal rivet export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price saw a prominent increase. The growth pace was the most rapid in 2020 when the average export price increased by 630%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Palestine totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+254.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into Jordan

In 2022, the amount of iron or steel rivets imported into Jordan shrank significantly to X tons, with a decrease of -93.6% on the year before. Over the period under review, imports faced a precipitous decline. The pace of growth was the most pronounced in 2014 with an increase of 472% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, metal rivet imports declined dramatically to $X in 2022. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2014 with an increase of 332%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest metal rivet supplier to Jordan, accounting for a 64% share of total imports. Moreover, metal rivet imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X kg), fourfold. Saudi Arabia (X kg) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-1.3% per year) and Saudi Arabia (-55.4% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel rivets to Jordan, comprising 64% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Saudi Arabia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+6.8% per year) and Saudi Arabia (-43.1% per year).

Import Prices by Country

In 2022, the average metal rivet import price amounted to $X per ton, growing by 55% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 77%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Turkey ($X per ton), while the price for Saudi Arabia ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+27.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform