Turkey: Metal Rivet Market 2025

Metal Rivet Market Size in Turkey

The Turkish metal rivet market contracted to $X in 2022, falling by -5.8% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Metal Rivet Production in Turkey

In value terms, metal rivet production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Metal Rivet Exports

Exports from Turkey

In 2022, overseas shipments of iron or steel rivets increased by 6.2% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +9.5% 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 +35.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 42%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, metal rivet exports reached $X in 2022. Overall, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 +34.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 44%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons) was the main destination for metal rivet exports from Turkey, with a 54% share of total exports. Moreover, metal rivet exports to Germany exceeded the volume sent to the second major destination, Iraq (X tons), sixfold. The third position in this ranking was held by Russia (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+26.2% per year) and Russia (+25.5% per year).

In value terms, Germany ($X) remains the key foreign market for iron or steel rivets exports from Turkey, comprising 61% of total exports. The second position in the ranking was taken by Russia ($X), with a 7.6% share of total exports. It was followed by Poland, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+22.4% per year) and Poland (+0.4% per year).

Export Prices by Country

The average metal rivet export price stood at $X per ton in 2022, falling by -1.7% against the previous year. Over the period under review, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Romania ($X per ton), while the average price for exports to Azerbaijan ($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 Romania (+1.9%), while the prices for the other major destinations experienced a decline.

Metal Rivet Imports

Imports into Turkey

In 2022, supplies from abroad of iron or steel rivets decreased by -0.7% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal rivet imports rose remarkably to $X in 2022. Over the period under review, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and France (X tons) were the main suppliers of metal rivet imports to Turkey, together comprising 63% of total imports. China, South Korea, Japan, the UK, Taiwan (Chinese), Spain and India lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +10.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal rivet suppliers to Turkey were France ($X), Germany ($X) and Japan ($X), together accounting for 49% of total imports.

France, with a CAGR of +7.3%, saw the highest growth rate of the value of imports, among 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, growing by 7.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 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 Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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