Southern Asia: Metal Tubular Rivet Market 2025

Metal Tubular Rivet Market Size in Southern Asia

The South Asian metal tubular rivet market was estimated at $X in 2021, increasing by 14% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Metal Tubular Rivet Production in Southern Asia

In value terms, metal tubular rivet production expanded modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 73%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Tubular Rivet Exports

Exports in Southern Asia

In 2021, overseas shipments of base metal tubular or bifurcated rivets decreased by -21.3% to X tons, falling for the second consecutive year after two years of growth. Overall, exports saw a deep contraction. The pace of growth appeared the most rapid in 2019 with an increase of 1,970%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal tubular rivet exports expanded notably to $X in 2021. Over the period under review, exports saw a pronounced contraction. The growth pace was the most rapid in 2019 when exports increased by 1,533% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, India (X tons) was the major exporter of base metal tubular or bifurcated rivets, making up 76% of total exports. Bangladesh (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Sri Lanka (6.4%) and Pakistan (6.1%).

From 2012 to 2021, average annual rates of growth with regard to metal tubular rivet exports from India stood at -19.5%. At the same time, Bangladesh (+22.9%) and Sri Lanka (+17.7%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +22.9% from 2012-2021. By contrast, Pakistan (-13.6%) illustrated a downward trend over the same period. While the share of Bangladesh (+11 p.p.), Sri Lanka (+6.2 p.p.) and Pakistan (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-19.4 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest metal tubular rivet supplier in Southern Asia, comprising 68% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an 18% share of total exports. It was followed by Sri Lanka, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at -7.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Bangladesh (+35.4% per year) and Sri Lanka (+9.4% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, jumping by 34% against the previous year. Over the period under review, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 67%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.8%), while the other leaders experienced mixed trends in the export price figures.

Metal Tubular Rivet Imports

Imports in Southern Asia

In 2021, overseas purchases of base metal tubular or bifurcated rivets increased by 58% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, showed a abrupt decrease. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal tubular rivet imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the major importer of base metal tubular or bifurcated rivets in Southern Asia, with the volume of imports recording X tons, which was near 51% of total imports in 2021. Bangladesh (X tons) ranks second in terms of the total imports with a 30% share, followed by Sri Lanka (18%).

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +9.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Bangladesh ($X), India ($X) and Sri Lanka ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 99% of total imports.

India, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, which is down by -4.2% against the previous year. Overall, the import price, however, saw resilient growth. The growth pace was the most rapid in 2018 when the import price increased by 40% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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