Middle East: Metal Rivet Market 2025

Metal Rivet Market Size in the Middle East

In 2022, the Middle Eastern metal rivet market decreased by -9.9% to $X, falling for the second year in a row after four years of growth. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Rivet Production in the Middle East

In value terms, metal rivet production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 20%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal Rivet Exports

Exports in the Middle East

In 2022, shipments abroad of iron or steel rivets increased by 8% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 52% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, metal rivet exports rose sharply to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +32.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 41%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was approx. 95% of total exports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the iron or steel rivets exports, with a CAGR of +9.5% from 2012 to 2022. At the same time, the United Arab Emirates (+6.4%) displayed positive paces of growth. While the share of Turkey (+45 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest metal rivet supplier in the Middle East, comprising 93% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.5% share of total exports.

In Turkey, metal rivet exports increased at an average annual rate of +8.3% over the period from 2012-2022.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, reducing by -2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2013 when the export price increased by 16% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.1%).

Metal Rivet Imports

Imports in the Middle East

In 2022, after three years of growth, there was significant decline in overseas purchases of iron or steel rivets, when their volume decreased by -33.5% to X tons. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of 55% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, metal rivet imports fell remarkably to $X in 2022. Overall, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 33% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons), distantly followed by the United Arab Emirates (X tons), Israel (X tons) and Kuwait (X tons) represented the largest importers of iron or steel rivets, together committing 83% of total imports. Iran (X tons), Syrian Arab Republic (X tons), Bahrain (X tons), Yemen (X tons) and Oman (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +7.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported iron or steel rivets in the Middle East, comprising 57% of total imports. The second position in the ranking was held by Israel ($X), with a 15% share of total imports. It was followed by the United Arab Emirates, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at -1.6%. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+3.6% per year) and the United Arab Emirates (+5.4% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, jumping by 19% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price 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. Based on 2022 figures, metal rivet import price increased by +32.2% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 70%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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