Portugal: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Portugal

In 2021, the Portuguese metal tubular rivet market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the immediate term.

Metal Tubular Rivet Exports

Exports from Portugal

In 2021, shipments abroad of base metal tubular or bifurcated rivets increased by 322% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports posted a mild increase. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, metal tubular rivet exports skyrocketed to $X in 2021. In general, exports recorded strong growth. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for metal tubular rivet exports from Portugal, with a 72% share of total exports. Moreover, metal tubular rivet exports to Spain exceeded the volume sent to the second major destination, Tunisia (X tons), sixfold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Spain amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+18.2% per year) and the United Arab Emirates (+98.5% per year).

In value terms, Tunisia ($X), Spain ($X) and the United Arab Emirates ($X) were the largest markets for metal tubular rivet exported from Portugal worldwide, together comprising 87% of total exports.

The United Arab Emirates, with a CAGR of +74.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal tubular rivet export price amounted to $X per ton, declining by -40% against the previous year. Overall, the export price, however, continues to indicate pronounced growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 70%. The export price peaked at $X per ton in 2020, and then dropped notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Tubular Rivet Imports

Imports into Portugal

In 2021, after two years of decline, there was significant growth in supplies from abroad of base metal tubular or bifurcated rivets, when their volume increased by 27% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 50% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, metal tubular rivet imports soared to $X in 2021. Overall, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of metal tubular rivet to Portugal, accounting for a 73% share of total imports. Moreover, metal tubular rivet imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The Netherlands (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.5% per year) and the Netherlands (+20.3% per year).

In value terms, Spain ($X) constituted the largest supplier of base metal tubular or bifurcated rivets to Portugal, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by France, with a 4.7% share.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.6% per year) and France (+11.3% per year).

Import Prices by Country

In 2021, the average metal tubular rivet import price amounted to $X per ton, increasing by 33% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal tubular rivet import price increased by +82.4% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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