Hong Kong SAR, China - Iron Or Steel Rivets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Rivet Price in Hong Kong SAR - 2023
Contents:
- Metal Rivet Price in Hong Kong SAR (FOB) - 2022
- Metal Rivet Price in Hong Kong SAR (CIF) - 2023
- Metal Rivet Exports in Hong Kong SAR
- Metal Rivet Imports in Hong Kong SAR
Metal Rivet Price in Hong Kong SAR (FOB) - 2022
In 2022, the average metal rivet export price amounted to $42,232 per ton, surging by 38% against the previous year. Overall, the export price showed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($59,452 per ton), while the average price for exports to Singapore ($3,811 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 Vietnam (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Rivet Price in Hong Kong SAR (CIF) - 2023
The average metal rivet import price stood at $11,112 per ton in June 2023, picking up by 29% against the previous month. Overall, the import price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 188% m-o-m. Over the period under review, average import prices reached the peak figure at $56,859 per ton in February 2023; however, from March 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($54,840 per ton), while the price for China ($7,064 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Rivet Exports in Hong Kong SAR
In 2022, approx. 353 tons of iron or steel rivets were exported from Hong Kong SAR; with a decrease of -44.4% against the previous year's figure. Overall, exports saw a precipitous decline. The smallest decline of -4.2% was in 2020.
In value terms, metal rivet exports contracted significantly to $15M in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $19M, and then fell markedly in the following year.
| Export of Metal Rivet in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.0 | 12.6 | 14.8 | 10.4 | -7.2% |
| United States | 0.8 | 0.4 | 1.1 | 1.2 | 14.5% |
| Bangladesh | 0.9 | 0.5 | 0.8 | 0.7 | -8.0% |
| Cambodia | 0.5 | 0.5 | 0.8 | 0.6 | 6.3% |
| Vietnam | 0.4 | 0.3 | 0.5 | 0.5 | 7.7% |
| Mexico | 0.2 | 0.3 | 0.4 | 0.4 | 26.0% |
| Singapore | 1.0 | 1.0 | 0.2 | 0.1 | -53.6% |
| Others | 1.0 | 0.6 | 0.9 | 1.0 | 0.0% |
| Total | 17.7 | 16.2 | 19.5 | 14.9 | -5.6% |
Top Export Markets for Metal Rivet from Hong Kong SAR in 2022:
- China (175.5 tons)
- United States (32.3 tons)
- Singapore (29.0 tons)
- Bangladesh (23.7 tons)
- Cambodia (22.6 tons)
- Mexico (17.7 tons)
- Vietnam (12.7 tons)
Metal Rivet Imports in Hong Kong SAR
In 2022, approx. 91 tons of iron or steel rivets were imported into Hong Kong SAR; dropping by -80.9% on 2021 figures. In general, imports showed a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports attained the peak of 479 tons, and then reduced notably in the following year.
In value terms, metal rivet imports contracted notably to $2.2M in 2022. Over the period under review, imports showed a significant contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. As a result, imports attained the peak of $7.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Metal Rivet in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,106 | 2,839 | 3,807 | 517 | -45.0% |
| United States | 1,626 | 1,258 | 846 | 424 | -36.1% |
| Netherlands | 12.7 | 17.9 | 119 | 276 | 179.1% |
| Japan | 119 | 77.3 | 108 | 115 | -1.1% |
| Germany | 45.2 | 63.3 | 56.8 | 110 | 34.5% |
| Taiwan (Chinese) | 173 | 167 | 209 | 59.7 | -29.9% |
| South Korea | 5.0 | 0.1 | 12.0 | 45.1 | 108.2% |
| Others | 172 | 3,276 | 1,420 | 678 | 58.0% |
| Total | 5,258 | 7,698 | 6,578 | 2,225 | -24.9% |
Top Suppliers of Metal Rivet to Hong Kong SAR in 2022:
- China (52.6 tons)
- South Korea (5.8 tons)
- Netherlands (4.9 tons)
- Taiwan (Chinese) (4.9 tons)
- United States (4.9 tons)
- Japan (4.5 tons)
- Germany (4.5 tons)
This report provides an in-depth analysis of the metal rivet market in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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.
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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
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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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
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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
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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. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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