Report Update Jan 1, 2025

Sri Lanka - Iron or Steel Rivets - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Metal Rivet Market 2025

Metal Rivet Market Size in Sri Lanka

In 2022, after two years of growth, there was significant decline in the Sri Lankan metal rivet market, when its value decreased by -65.3% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped significantly in the following year.

Metal Rivet Exports

Exports from Sri Lanka

Metal rivet exports from Sri Lanka declined notably to X kg in 2022, falling by -73.2% against the previous year. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by 602% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal rivet exports declined remarkably to $X in 2022. In general, exports saw a dramatic decline. The pace of growth was the most pronounced in 2014 when exports increased by 945% 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 failed to regain momentum.

Exports by Country

Maldives (X kg) was the main destination for metal rivet exports from Sri Lanka, with a 75% share of total exports. Moreover, metal rivet exports to Maldives exceeded the volume sent to the second major destination, Singapore (X kg), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives totaled +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+18.7% per year) and Mali (0.0% per year).

In value terms, Maldives ($X) remains the key foreign market for iron or steel rivets exports from Sri Lanka, comprising 81% of total exports. The second position in the ranking was held by Singapore ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives amounted to +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+14.9% per year) and Mali (0.0% per year).

Export Prices by Country

The average metal rivet export price stood at $X per ton in 2022, dropping by -30.5% against the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2014 an increase of 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per ton), while the average price for exports to Singapore ($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 Maldives (-2.1%), while the prices for the other major destinations experienced a decline.

Metal Rivet Imports

Imports into Sri Lanka

In 2022, after two years of growth, there was significant decline in purchases abroad of iron or steel rivets, when their volume decreased by -65.2% to X tons. In general, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2017 with an increase of 522%. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, metal rivet imports shrank sharply to $X in 2022. Overall, imports showed a noticeable reduction. The growth pace was the most rapid in 2017 with an increase of 349%. Over the period under review, imports hit record highs at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X tons) was the main metal rivet supplier to Sri Lanka, with a 90% share of total imports. Moreover, metal rivet imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.4%.

In value terms, China ($X) constituted the largest supplier of iron or steel rivets to Sri Lanka, comprising 76% of total imports. The second position in the ranking was taken by India ($X), with a 7.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.8%.

Import Prices by Country

In 2022, the average metal rivet import price amounted to $X per ton, approximately reflecting the previous year. Overall, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 51% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel rivets in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 45% share of global consumption. Canada, Germany, Japan, Mexico, Russia, Brazil, Turkey, Thailand and Saudi Arabia lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of iron or steel rivets in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 53% of global production. Germany, Japan, Russia, Brazil, South Korea, Turkey, Taiwan Chinese), Italy and Saudi Arabia lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of iron or steel rivets to Sri Lanka?

In value terms, China constituted the largest supplier of metal rivet to Sri Lanka, comprising 55% of total imports. The second position in the ranking was occupied by Malaysia, with a 15% share of total imports.

What are the leading importers of iron or steel rivets from Sri Lanka?

In value terms, Maldives $819) emerged as the key foreign market for metal rivet exports from Sri Lanka, comprising 67% of total exports. The second position in the ranking was occupied by Germany $305), with a 25% share of total exports. It was followed by Bangladesh, with a 4.7% share.

What is the average export price for iron or steel rivets in Sri Lanka?

In 2021, the average metal rivet export price amounted to $4,209 per ton, which is down by -5% against the previous year.

What is the average import price for iron or steel rivets in Sri Lanka?

The average metal rivet import price stood at $5,086 per ton in 2021, picking up by 10% against the previous year.

This report provides an in-depth analysis of the metal rivet market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024