Luxembourg: Metal Rivet Market 2024

Metal Rivet Market Size in Luxembourg

The Luxembourg metal rivet market shrank significantly to $X in 2022, waning by -36.1% 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Rivet Exports

Exports from Luxembourg

In 2022, approx. X tons of iron or steel rivets were exported from Luxembourg; waning by -77.4% compared with the previous year. Overall, exports, however, showed strong growth. The growth pace was the most rapid in 2013 when exports increased by 601% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal rivet exports contracted significantly to $X in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 199%. Over the period under review, the exports attained the peak figure at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Germany (X kg) was the main destination for metal rivet exports from Luxembourg, accounting for a 52% share of total exports. Moreover, metal rivet exports to Germany exceeded the volume sent to the second major destination, Russia (X kg), fourfold. Belgium (X kg) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +35.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+65.0% per year) and Belgium (+7.2% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel rivets exports from Luxembourg, comprising 68% of total exports. The second position in the ranking was taken by Russia ($X), with a 15% share of total exports. It was followed by Nigeria, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+63.4% per year) and Nigeria (+189.6% per year).

Export Prices by Country

The average metal rivet export price stood at $X per ton in 2022, rising by 214% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2014 an increase of 279%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to France ($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 Nigeria (+40.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into Luxembourg

Metal rivet imports into Luxembourg shrank sharply to X tons in 2022, waning by -53.5% against 2021. Over the period under review, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 64%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal rivet imports shrank rapidly to $X in 2022. Overall, total imports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 27% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of metal rivet to Luxembourg, with a 67% share of total imports. Moreover, metal rivet imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from France amounted to +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.6% per year) and China (+62.5% per year).

In value terms, France ($X) constituted the largest supplier of iron or steel rivets to Luxembourg, comprising 58% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.3% per year) and China (+60.6% per year).

Import Prices by Country

The average metal rivet import price stood at $X per ton in 2022, jumping by 36% against the previous year. In general, the import price saw a perceptible increase. The growth pace was the most rapid in 2018 when the average import price increased by 36%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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