Thailand: Metal Rivet Market 2025

Metal Rivet Market Size in Thailand

The Thai metal rivet market fell to $X in 2022, reducing by -10.4% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Metal Rivet Production in Thailand

In value terms, metal rivet production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 20% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Metal Rivet Exports

Exports from Thailand

In 2022, shipments abroad of iron or steel rivets increased by 10% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, metal rivet exports contracted to $X in 2022. Overall, exports saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Myanmar (X tons), Malaysia (X tons) and Indonesia (X tons) were the main destinations of metal rivet exports from Thailand, together comprising 46% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of +49.4%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and the United States ($X) constituted the largest markets for metal rivet exported from Thailand worldwide, with a combined 39% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +45.1%, 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

The average metal rivet export price stood at $X per ton in 2022, shrinking by -15% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 21%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Saudi Arabia ($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 Saudi Arabia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into Thailand

In 2022, approx. X tons of iron or steel rivets were imported into Thailand; with a decrease of -16.9% on 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, metal rivet imports declined to $X in 2022. In general, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 52%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and Malaysia (X tons) were the main suppliers of metal rivet imports to Thailand, together comprising 82% of total imports. Taiwan (Chinese), South Korea, the Netherlands, the United States and Germany lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +75.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Malaysia ($X) were the largest metal rivet suppliers to Thailand, together comprising 76% of total imports. The United States, Taiwan (Chinese), South Korea, Germany and the Netherlands lagged somewhat behind, together comprising a further 17%.

The Netherlands, with a CAGR of +57.7%, saw the highest rates of growth with regard to 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

The average metal rivet import price stood at $X per ton in 2022, growing by 6.7% against the previous year. Over the period under review, the import price, however, showed a pronounced contraction. The growth pace was the most rapid in 2015 an increase of 30%. As a result, import price attained the peak level of $X per ton. From 2016 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 United States ($X per ton), while the price for the Netherlands ($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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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