Southern Asia: Metal Rivet Market 2025

Metal Rivet Market Size in Southern Asia

In 2022, the South Asian metal rivet market increased by 3.8% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Metal Rivet Production in Southern Asia

In value terms, metal rivet production expanded slightly to $X in 2022 estimated in export price. The total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 17% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Metal Rivet Exports

Exports in Southern Asia

In 2022, overseas shipments of iron or steel rivets increased by 16% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 45% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal rivet exports soared to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 43% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, India (X tons) represented the largest exporter of iron or steel rivets in Southern Asia, creating 99% of total export.

India experienced a relatively flat trend pattern with regard to volume of exports of iron or steel rivets. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest metal rivet supplier in Southern Asia.

From 2012 to 2022, the average annual growth rate of value in India amounted to +6.5%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, approximately mirroring the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal rivet export price increased by +29.0% against 2019 indices. The pace of growth was the most pronounced in 2017 when the export price increased by 41% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +7.5% per year.

Metal Rivet Imports

Imports in Southern Asia

Metal rivet imports skyrocketed to X tons in 2022, growing by 24% on the previous year's figure. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +112.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, metal rivet imports surged to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +91.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 62% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

India dominates imports structure, resulting at X tons, which was near 84% of total imports in 2022. It was distantly followed by Bangladesh (X tons) and Pakistan (X tons), together committing a 12% share of total imports. Sri Lanka (X tons) held a relatively small share of total imports.

Imports into India increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Bangladesh (+15.6%) and Sri Lanka (+2.0%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +15.6% from 2012-2022. By contrast, Pakistan (-15.1%) illustrated a downward trend over the same period. India (+21 p.p.) and Bangladesh (+5.2 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by -26% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported iron or steel rivets in Southern Asia, comprising 88% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 6.1% share of total imports. It was followed by Pakistan, with a 4% share.

In India, metal rivet imports increased at an average annual rate of +7.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+7.1% per year) and Pakistan (-15.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 an increase of 29%. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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