Puerto Rico: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Puerto Rico

The Puerto Rican metal tubular rivet market reduced to $X in 2021, with a decrease of -14.6% against the previous year. Over the period under review, consumption saw a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Metal Tubular Rivet Production in Puerto Rico

In value terms, metal tubular rivet production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 40%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Metal Tubular Rivet Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of base metal tubular or bifurcated rivets were exported from Puerto Rico; remaining constant against the year before. In general, exports showed a relatively flat trend pattern.

In value terms, metal tubular rivet exports totaled less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

In 2021, China (X tons) represented the major exporter of base metal tubular or bifurcated rivets, constituting 47% of total exports. Germany (X tons) held a 9.2% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (9.1%) and the UK (6.8%). Italy (X tons), the United States (X tons), Spain (X tons), France (X tons), Sweden (X tons), Romania (X tons), Hong Kong SAR (X tons) and South Korea (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal tubular rivet exports from China stood at +13.8%. At the same time, Romania (+43.5%), France (+15.5%), Germany (+7.9%), the Netherlands (+5.2%), the United States (+4.9%) and Sweden (+3.7%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the world, with a CAGR of +43.5% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Italy (-1.3%), South Korea (-1.4%), Spain (-2.1%) and Hong Kong SAR (-2.5%) illustrated a downward trend over the same period. While the share of China (+21 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Italy (-3.9 p.p.), Spain (-4 p.p.) and the UK (-5.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 51% of total exports. The Netherlands, the UK, Italy, France, Hong Kong SAR, Spain, South Korea, Sweden and Romania lagged somewhat behind, together accounting for a further 36%.

Romania, with a CAGR of +50.3%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately equating the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.7%), while the other leaders experienced more modest paces of growth.

Metal Tubular Rivet Imports

Imports into Puerto Rico

In 2021, the amount of base metal tubular or bifurcated rivets imported into Puerto Rico totaled less than X kg, almost unchanged from 2020. In general, imports showed a relatively flat trend pattern.

In value terms, metal tubular rivet imports amounted to less than $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern.

Imports by Country

Germany (X tons), the Netherlands (X tons), Russia (X tons), Mexico (X tons), Indonesia (X tons), the United States (X tons), France (X tons), Italy (X tons), Poland (X tons), Turkey (X tons), Spain (X tons) and China (X tons) represented roughly 64% of total imports in 2021. Slovakia (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +31.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal tubular rivet importing markets into Puerto Rico were Germany ($X), China ($X) and the Netherlands ($X), together accounting for 29% of total imports. These countries were followed by France, the United States, Russia, Italy, Mexico, Poland, Indonesia, Spain, Turkey and Slovakia, which together accounted for a further 36%.

Among the main importing countries, Slovakia, with a CAGR of +21.6%, recorded the highest growth rate of 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

In 2021, the import price in Puerto Rico amounted to less than $X per ton, therefore, remained relatively stable against the previous year. In general, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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