Singapore: Metal Tubular Rivet Market 2025

Metal Tubular Rivet Market Size in Singapore

The Singaporean metal tubular rivet market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption posted a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Metal Tubular Rivet Production in Singapore

In value terms, metal tubular rivet production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 118%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Metal Tubular Rivet Exports

Exports from Singapore

In 2021, exports of base metal tubular or bifurcated rivets from Singapore soared to X tons, growing by 70% compared with 2020. Over the period under review, exports posted a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 242%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal tubular rivet exports soared to $X in 2021. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by 242% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) were the main destinations of metal tubular rivet exports from Singapore, with a combined 49% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +90.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal tubular rivet exported from Singapore were Malaysia ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X), together accounting for 49% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +85.7%, recorded the highest growth rate of the value of exports, 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 -8.5% against the previous year. Over the period under review, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2017 an increase of 14%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and India ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-0.6%), while the prices for the other major destinations experienced a decline.

Metal Tubular Rivet Imports

Imports into Singapore

In 2021, the amount of base metal tubular or bifurcated rivets imported into Singapore rose rapidly to X tons, surging by 9.4% against 2020 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 77%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, metal tubular rivet imports surged to $X in 2021. Overall, imports, however, saw a mild downturn. The growth pace was the most rapid in 2019 with an increase of 85% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest metal tubular rivet supplier to Singapore, with a 50% share of total imports. Moreover, metal tubular rivet imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by the UK (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.5% per year) and the UK (-6.1% per year).

In value terms, the United States ($X) constituted the largest supplier of base metal tubular or bifurcated rivets to Singapore, comprising 50% of total imports. The second position in the ranking was taken by China ($X), with an 18% share of total imports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and the UK (-6.3% per year).

Import Prices by Country

In 2021, the average metal tubular rivet import price amounted to $X per ton, growing by 9.2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 9.5%. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Germany ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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