Latin America and the Caribbean: Metal Rivet Market 2025

Metal Rivet Market Size in Latin America and the Caribbean

The Latin American metal rivet market expanded sharply to $X in 2022, increasing by 6.7% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.1%. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Metal Rivet Production in Latin America and the Caribbean

In value terms, metal rivet production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Metal Rivet Exports

Exports in Latin America and the Caribbean

After two years of growth, shipments abroad of iron or steel rivets decreased by -6.5% to X tons in 2022. Total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +17.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal rivet exports shrank modestly to $X in 2022. Total exports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +20.8% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 55% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X tons) and Mexico (X tons) prevails in exports structure, together creating 84% of total exports. It was distantly followed by Colombia (X tons), achieving a 10% share of total exports. The following exporters - the Dominican Republic (X tons) and Panama (X tons) - each accounted for a 4.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +48.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X), Brazil ($X) and Colombia ($X) constituted the countries with the highest levels of exports in 2022, together comprising 97% of total exports.

In terms of the main exporting countries, Brazil, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by 4.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 15%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Metal Rivet Imports

Imports in Latin America and the Caribbean

Metal rivet imports soared to X tons in 2022, jumping by 25% compared with the previous year. In general, imports, however, saw a pronounced reduction. The growth pace was the most rapid in 2019 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal rivet imports expanded to $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Mexico prevails in imports structure, recording X tons, which was near 83% of total imports in 2022. It was distantly followed by Brazil (X tons), mixing up an 8.3% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal rivet imports into Mexico stood at -3.5%. At the same time, Brazil (+1.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +1.8% from 2012-2022. From 2012 to 2022, the share of Brazil increased by +3.1 percentage points.

In value terms, Mexico ($X) constitutes the largest market for imported iron or steel rivets in Latin America and the Caribbean, comprising 84% of total imports. The second position in the ranking was taken by Brazil ($X), with an 8.6% share of total imports.

In Mexico, metal rivet imports expanded at an average annual rate of +2.5% over the period from 2012-2022.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, declining by -16.1% against the previous year. Over the period under review, the import price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2016 an increase of 61%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Mexico totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+6.2%).

Source: IndexBox Platform

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