United Kingdom: Metal Rivet Market 2024

Metal Rivet Market Size in the UK

After four years of decline, the UK metal rivet market increased by 2.5% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Metal Rivet Production in the UK

In value terms, metal rivet production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by 15%. Metal rivet production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Metal Rivet Exports

Exports from the UK

In 2022, approx. X tons of iron or steel rivets were exported from the UK; which is down by -12.8% against the previous year's figure. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 84% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, metal rivet exports dropped to $X in 2022. In general, total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.2% 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 +72.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 94%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

Germany (X tons), China (X tons) and the United States (X tons) were the main destinations of metal rivet exports from the UK, together comprising 70% 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 China (with a CAGR of +29.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest markets for metal rivet exported from the UK worldwide, together accounting for 73% of total exports.

China, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average metal rivet export price stood at $X per ton in 2022, rising by 1.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2013 when the average export price increased by 32%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 France ($X per ton), while the average price for exports to Ghana ($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 (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Rivet Imports

Imports into the UK

Metal rivet imports into the UK fell modestly to X tons in 2022, with a decrease of -4.6% against the previous year. Overall, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 10% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal rivet imports amounted to $X in 2022. In general, imports showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal rivet to the UK, accounting for a 62% share of total imports. Moreover, metal rivet imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. Canada (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.4% per year) and Canada (+15.3% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest metal rivet suppliers to the UK, together comprising 73% of total imports. France, Taiwan (Chinese), Canada, India and the Netherlands lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, the Netherlands, with a CAGR of +44.0%, saw the highest growth rate of the value of imports, 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, surging by 5.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 19%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for India ($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 United States (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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