Spain: Metal Rivet Market 2024

Metal Rivet Market Size in Spain

The Spanish metal rivet market was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Rivet Production in Spain

In value terms, metal rivet production dropped dramatically to $X in 2022 estimated in export price. In general, production showed a slight reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 27% against the previous year. As a result, production attained the peak level of $X, and then reduced rapidly in the following year.

Metal Rivet Exports

Exports from Spain

In 2022, overseas shipments of iron or steel rivets decreased by -6.3% to X tons, falling for the sixth consecutive year after five years of growth. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2016 when exports increased by 39% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal rivet exports surged to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Morocco (X tons) and Brazil (X tons) were the main destinations of metal rivet exports from Spain, with a combined 35% share of total exports. Portugal, the United States, Germany, Cuba, China, France, Italy, Hungary, the UK and Colombia lagged somewhat behind, together accounting for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of +56.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Portugal ($X) and Brazil ($X) appeared to be the largest markets for metal rivet exported from Spain worldwide, together comprising 27% of total exports. Colombia, Cuba, Morocco, Italy, Germany, France, the UK, Hungary, the United States and China lagged somewhat behind, together comprising a further 47%.

In terms of the main countries of destination, Colombia, with a CAGR of +58.2%, recorded the highest rates of growth with regard to 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 2022, the average metal rivet export price amounted to $X per ton, rising by 25% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 +91.1% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into Spain

In 2022, approx. X tons of iron or steel rivets were imported into Spain; rising by 68% against the previous year. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal rivet imports surged to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +52.9% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of 45%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of metal rivet to Spain, accounting for a 46% share of total imports. Moreover, metal rivet imports from France exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. China (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from France totaled +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+21.1% per year) and China (+29.0% per year).

In value terms, Germany ($X), Portugal ($X) and China ($X) constituted the largest metal rivet suppliers to Spain, together comprising 67% of total imports.

Portugal, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal rivet import price amounted to $X per ton, with a decrease of -14.2% against the previous year. In general, the import price saw a abrupt downturn. The growth pace was the most rapid in 2021 when the average import price increased by 37% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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