![World - Iron Or Steel Rivets - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/world-iron-or-steel-rivets-market-analysis-forecast-size-trends-and-insights.webp)
World - Iron Or Steel Rivets - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingGlobal Iron or Steel Rivets Market to Witness Steady Growth Reaching $4.4B by 2030
IndexBox has just published a new report: World - Iron Or Steel Rivets - Market Analysis, Forecast, Size, Trends And Insights.
The global market for iron or steel rivets is on the rise, driven by increasing demand worldwide. Projections indicate a consistent upward trend in consumption over the next seven years, with a forecasted CAGR of +1.2% in volume and +3.1% in value terms from 2023 to 2030. By the end of 2030, market volume is expected to reach 549K tons, while market value is projected to hit $4.4B in nominal prices.
Market Forecast
Driven by increasing demand for iron or steel rivets worldwide, the market is expected to continue an upward consumption trend over the next seven years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2023 to 2030, which is projected to bring the market volume to 549K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2023 to 2030, which is projected to bring the market value to $4.4B (in nominal wholesale prices) by the end of 2030.
![Market Value (billion USD, nominal wholesale prices)](/landing/img/charts/metal-rivet-world-market-overview-2023-840w.png)
Consumption
World Consumption of Iron Or Steel Rivets
In 2023, approx. 505K tons of iron or steel rivets were consumed worldwide; standing approx. at the year before. Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the consumption volume increased by 6.4%. Global consumption peaked in 2023 and is expected to retain growth in the near future.
The global metal rivet market revenue totaled $3.5B in 2023, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the market value increased by 6.4%. Global consumption peaked at $3.6B in 2013; however, from 2014 to 2023, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2023 were China (106K tons), the United States (75K tons) and India (42K tons), with a combined 44% share of global consumption. Mexico, Canada, Germany, Japan, Brazil, Turkey, South Korea and Saudi Arabia lagged somewhat behind, together comprising a further 30%.
From 2013 to 2023, the biggest increases were recorded for Canada (with a CAGR of +3.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($1B) led the market, alone. The second position in the ranking was taken by China ($416M). It was followed by Japan.
From 2013 to 2023, the average annual growth rate of value in the United States totaled -2.4%. In the other countries, the average annual rates were as follows: China (+3.0% per year) and Japan (+1.4% per year).
In 2023, the highest levels of metal rivet per capita consumption was registered in Canada (654 kg per 1000 persons), followed by Germany (298 kg per 1000 persons), the United States (223 kg per 1000 persons) and Saudi Arabia (218 kg per 1000 persons), while the world average per capita consumption of metal rivet was estimated at 63 kg per 1000 persons.
From 2013 to 2023, the average annual rate of growth in terms of the metal rivet per capita consumption in Canada amounted to +2.6%. In the other countries, the average annual rates were as follows: Germany (-0.7% per year) and the United States (-2.6% per year).
Production
World Production of Iron Or Steel Rivets
In 2023, after three years of growth, there was decline in production of iron or steel rivets, when its volume decreased by -0.2% to 464K tons. The total output volume increased at an average annual rate of +1.0% from 2013 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.1% against the previous year. Global production peaked at 465K tons in 2022, and then shrank in the following year.
In value terms, metal rivet production expanded slightly to $3.5B in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the production volume increased by 5.9%. Global production peaked in 2023 and is expected to retain growth in years to come.
Production By Country
The countries with the highest volumes of production in 2023 were China (138K tons), the United States (75K tons) and India (38K tons), with a combined 54% share of global production. Germany, Japan, Brazil, South Korea, Turkey, Taiwan (Chinese), Italy and Saudi Arabia lagged somewhat behind, together accounting for a further 28%.
From 2013 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of +5.6%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Iron Or Steel Rivets
In 2023, approx. 151K tons of iron or steel rivets were imported worldwide; surging by 2.7% against the previous year's figure. The total import volume increased at an average annual rate of +1.2% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of 152K tons. From 2022 to 2023, the growth of global imports remained at a somewhat lower figure.
In value terms, metal rivet imports reduced to $809M in 2023. The total import value increased at an average annual rate of +1.2% over the period from 2013 to 2023; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, global imports hit record highs at $843M in 2022, and then dropped in the following year.
Imports By Country
In 2023, Mexico (27K tons) and Canada (27K tons) were the main importers of iron or steel rivetsin the world, together resulting at near 36% of total imports. It was distantly followed by the United States (9.9K tons) and Germany (9.3K tons), together mixing up a 13% share of total imports. Spain (5.1K tons), Poland (5K tons), India (4.3K tons), the Philippines (3.9K tons), Malaysia (3.7K tons), the Netherlands (3.7K tons), Austria (3.1K tons), the Czech Republic (3.1K tons) and China (2.8K tons) took a minor share of total imports.
From 2013 to 2023, the biggest increases were recorded for the Philippines (with a CAGR of +27.3%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, Mexico ($106M), the United States ($71M) and Germany ($63M) constituted the countries with the highest levels of imports in 2023, together accounting for 30% of global imports. China, India, Poland, Austria, the Czech Republic, Canada, Spain, the Netherlands, Malaysia and the Philippines lagged somewhat behind, together accounting for a further 31%.
Among the main importing countries, the Philippines, with a CAGR of +22.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2023, the average metal rivet import price amounted to $5,358 per ton, falling by -6.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. Over the period under review, average import prices attained the maximum at $6,360 per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($16,098 per ton), while Canada ($897 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by India (+3.0%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Iron Or Steel Rivets
In 2023, shipments abroad of iron or steel rivets decreased by -3.9% to 110K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +2.4% over the period from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of 121K tons. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.
In value terms, metal rivet exports rose to $806M in 2023. The total export value increased at an average annual rate of +2.7% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $813M. From 2022 to 2023, the growth of the global exports remained at a lower figure.
Exports By Country
In 2023, China (35K tons) represented the main exporter of iron or steel rivets, constituting 32% of total exports. Germany (17K tons) took the second position in the ranking, followed by the United States (9.9K tons), Taiwan (Chinese) (9.4K tons) and South Korea (5.2K tons). All these countries together took near 37% share of total exports. Italy (3.9K tons), Switzerland (3.1K tons), Japan (3K tons), Slovenia (2.3K tons), Austria (1.7K tons), the Netherlands (1.7K tons) and Turkey (1.7K tons) held a little share of total exports.
From 2013 to 2023, average annual rates of growth with regard to metal rivet exports from China stood at +4.7%. At the same time, the Netherlands (+6.4%), Turkey (+4.6%), the United States (+3.2%), Switzerland (+2.2%), Austria (+1.6%), Germany (+1.3%) and Italy (+1.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +6.4% from 2013-2023. Taiwan (Chinese), South Korea and Slovenia experienced a relatively flat trend pattern. By contrast, Japan (-2.4%) illustrated a downward trend over the same period. From 2013 to 2023, the share of China and Italy increased by +6.5 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Germany ($159M), China ($142M) and the United States ($134M) constituted the countries with the highest levels of exports in 2023, with a combined 54% share of global exports. Taiwan (Chinese), Japan, Switzerland, Italy, South Korea, Austria, the Netherlands, Slovenia and Turkey lagged somewhat behind, together comprising a further 26%.
In terms of the main exporting countries, the Netherlands, with a CAGR of +7.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2023, the average metal rivet export price amounted to $7,303 per ton, growing by 5.7% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($13,548 per ton), while Slovenia ($3,831 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global metal rivet market. 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:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023