Sweden: Metal Rivet Market 2024

Metal Rivet Market Size in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish metal rivet market, when its value decreased by -21.6% to $X. In general, consumption saw a abrupt decrease. Metal rivet consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Metal Rivet Production in Sweden

In value terms, metal rivet production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a sharp shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 23%. Metal rivet production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Metal Rivet Exports

Exports from Sweden

Metal rivet exports from Sweden contracted to X tons in 2022, which is down by -5.3% on the previous year's figure. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 37% 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 somewhat lower figure.

In value terms, metal rivet exports fell to $X in 2022. Over the period under review, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 31%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons), Estonia (X tons) and Poland (X tons) were the main destinations of metal rivet exports from Sweden, with a combined 46% share of total exports. Norway, Denmark, the Netherlands, China, Finland, Belgium, Canada, Turkey, Australia and France lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +39.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal rivet exported from Sweden were Romania ($X), Norway ($X) and Poland ($X), with a combined 32% share of total exports. Estonia, China, the Netherlands, Finland, Denmark, Belgium, France, Turkey, Australia and Canada lagged somewhat behind, together comprising a further 40%.

Canada, with a CAGR of +28.6%, recorded 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

In 2022, the average metal rivet export price amounted to $X per ton, dropping by -6.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 44% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Estonia ($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 Denmark (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into Sweden

In 2022, after five years of growth, there was significant decline in overseas purchases of iron or steel rivets, when their volume decreased by -15.8% to X tons. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of 87%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, metal rivet imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 26%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of metal rivet to Sweden, with a 82% share of total imports. Moreover, metal rivet imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.1% per year) and Taiwan (Chinese) (-3.9% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel rivets to Sweden, comprising 38% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Spain, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and Spain (+6.4% per year).

Import Prices by Country

In 2022, the average metal rivet import price amounted to $X per ton, picking up by 6.2% against the previous year. Overall, the import price, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2016 when the average import price increased by 13%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average 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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :