Portugal: Metal Rivet Market 2025

Metal Rivet Market Size in Portugal

In 2022, the Portuguese metal rivet market increased by 38% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed a relatively flat trend pattern. Metal rivet consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Metal Rivet Production in Portugal

In value terms, metal rivet production rose markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +40.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Metal rivet production peaked in 2022 and is expected to retain growth in the immediate term.

Metal Rivet Exports

Exports from Portugal

In 2022, the amount of iron or steel rivets exported from Portugal declined markedly to X tons, which is down by -15.7% against the previous year's figure. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 213% against the previous year. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, metal rivet exports dropped to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 474% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted in the following year.

Exports by Country

Spain (X tons) was the main destination for metal rivet exports from Portugal, accounting for a 89% share of total exports. Moreover, metal rivet exports to Spain exceeded the volume sent to the second major destination, Morocco (X tons), more than tenfold. The third position in this ranking was held by France (X tons), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at +15.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+33.5% per year) and France (+150.4% per year).

In value terms, Spain ($X) remains the key foreign market for iron or steel rivets exports from Portugal, comprising 87% of total exports. The second position in the ranking was held by Morocco ($X), with a 4.6% share of total exports. It was followed by France, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain totaled +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+36.0% per year) and France (+137.1% per year).

Export Prices by Country

In 2022, the average metal rivet export price amounted to $X per ton, with an increase of 3.2% against the previous year. In general, the export price posted resilient growth. The most prominent rate of growth was recorded in 2019 an increase of 83% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 Spain (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Rivet Imports

Imports into Portugal

Metal rivet imports into Portugal surged to X tons in 2022, picking up by 22% compared with 2021. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.5% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 49% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, metal rivet imports totaled $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 26% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and France (X tons) were the main suppliers of metal rivet imports to Portugal, with a combined 78% share of total imports. Spain, the Netherlands, Italy and Japan lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +86.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal rivet suppliers to Portugal were Germany ($X), China ($X) and Spain ($X), together accounting for 61% of total imports. France, the Netherlands, Italy and Japan lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Japan, with a CAGR of +64.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal rivet import price stood at $X per ton in 2022, shrinking by -15.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 85%. The import price peaked at $X per ton in 2017; however, from 2018 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 Spain ($X per ton), while the price for Japan ($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 Netherlands (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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