Kazakhstan: Metal Rivet Market 2024

Metal Rivet Market Size in Kazakhstan

The Kazakh metal rivet market surged to $X in 2022, increasing by 26% 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 continues to indicate a strong increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Metal Rivet Exports

Exports from Kazakhstan

In 2022, exports of iron or steel rivets from Kazakhstan contracted sharply to X tons, shrinking by -48.5% against 2021. Overall, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 592% against the previous year. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, metal rivet exports dropped significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 432% against the previous year. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Russia (X tons) was the main destination for metal rivet exports from Kazakhstan, accounting for a 75% share of total exports. Moreover, metal rivet exports to Russia exceeded the volume sent to the second major destination, Kyrgyzstan (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+30.3% per year) and Uzbekistan (+13.9% per year).

In value terms, Russia ($X) emerged as the key foreign market for iron or steel rivets exports from Kazakhstan, comprising 79% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +49.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (-13.1% per year) and Kyrgyzstan (+23.6% per year).

Export Prices by Country

The average metal rivet export price stood at $X per ton in 2022, jumping by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 38%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Russia ($X per ton), while the average price for exports to Kyrgyzstan ($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 Portugal (+106.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into Kazakhstan

Metal rivet imports into Kazakhstan soared to X tons in 2022, increasing by 37% on the previous year. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 170%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, metal rivet imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 90% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal rivet to Kazakhstan, with a 66% share of total imports. Moreover, metal rivet imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+17.9% per year) and Germany (+6.4% per year).

In value terms, China ($X), Germany ($X) and Russia ($X) appeared to be the largest metal rivet suppliers to Kazakhstan, with a combined 82% share of total imports.

Germany, with a CAGR of +25.4%, saw the highest rates of growth with regard to 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

In 2022, the average metal rivet import price amounted to $X per ton, dropping by -11.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :