Slovakia: Metal Tubular Rivet Market 2024

Metal Tubular Rivet Market Size in Slovakia

After three years of growth, the Slovak metal tubular rivet market decreased by -13.5% to $X in 2021. Overall, consumption, however, posted significant growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Metal Tubular Rivet Exports

Exports from Slovakia

In 2021, overseas shipments of base metal tubular or bifurcated rivets increased by 26% to X tons, rising for the second year in a row after two years of decline. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 when exports increased by 76% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, metal tubular rivet exports soared to $X in 2021. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by 113%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of metal tubular rivet exports from Slovakia, together accounting for 51% of total exports. Austria, Serbia, Sweden, Norway, the Netherlands, Denmark, the Czech Republic, the UK and Poland lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +102.6%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Germany ($X) were the largest markets for metal tubular rivet exported from Slovakia worldwide, with a combined 47% share of total exports. These countries were followed by Italy, Norway, Sweden, Serbia, the Czech Republic, the Netherlands, the UK, Denmark and Poland, which together accounted for a further 41%.

The Netherlands, with a CAGR of +75.9%, saw the highest rates of growth with regard to the value of exports, among 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

The average metal tubular rivet export price stood at $X per ton in 2021, which is down by -7.6% against the previous year. Over the period under review, the export price recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 an increase of 51%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Poland ($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 Sweden (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Tubular Rivet Imports

Imports into Slovakia

In 2021, the amount of base metal tubular or bifurcated rivets imported into Slovakia shrank notably to X tons, declining by -30.5% against the previous year. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 95%. Imports peaked at X tons in 2020, and then fell significantly in the following year.

In value terms, metal tubular rivet imports soared to $X in 2021. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 62% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of metal tubular rivet to Slovakia, accounting for a 48% share of total imports. Moreover, metal tubular rivet imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +140.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.2% per year) and the Czech Republic (+43.4% per year).

In value terms, Poland ($X) constituted the largest supplier of base metal tubular or bifurcated rivets to Slovakia, comprising 45% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by China, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +118.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.7% per year) and China (+11.2% per year).

Import Prices by Country

In 2021, the average metal tubular rivet import price amounted to $X per ton, growing by 78% against the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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