Rivets market in Austria

Earlier Report Observations

Between 2020 and 2023, the Austrian rivets market showed marked volatility. Market volume expanded sharply by 30% to 5 114 т in 2021, driven by a rise in domestic production to 1 854 т and a surge in imports to 5 191 т. This growth reversed over the next two years, with the market contracting to 3 836 т in 2022 and falling further to 2 792 т in 2023 as production dropped to 1 414 т and imports declined.

In 2024, import volumes decreased to 2 938 т while exports increased to 1 990 т. These movements aligned with industry-wide developments, including new collective bargaining agreements that raised wage costs in the metalworking sector and a trend toward trade protectionism affecting steel product flows.

Production rivets in Austria

In value, 2017-2020, K $ US

Annual dynamics of production in Austria in value, 2017-2020, K $ US

In kind, 2017-2020, t

Annual dynamics of production in Austria in kind, 2017-2020, t

Exports rivets from Austria

Exports in kind, t

After two consecutive years of decline, Austria's exports of rivets showed a modest recovery in 2020. Shipments reached 1,327 tons, representing a slight increase of 0.6% compared to the previous year. Looking at the broader period from 2017 to 2020, exports decreased by 6.1% overall, which translates to an average annual decline of 2.1%. The lowest export volume was recorded in 2019 at 1,319 tons, with that year also seeing the sharpest drop of 5.5%.

Annual dynamics of product's exports from Austria in kind, 2017-2020, t

From 2017 to 2020, Germany, Poland, and Switzerland were the primary destinations for Austria's rivet exports in volume terms. Germany accounted for 34.6% of total exports, Poland for 13.7%, and Switzerland for 13.1%. Together, these three markets represented 61.4% of all export flows during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Austria in kind, 2017-2020

Exports in value, K $ US

In 2020, Austria's rivet exports in value terms amounted to $10,616,000, marking a moderate increase of 4.4% from 2019. Over the four-year span from 2017 to 2020, exports grew by 6.7% in total, averaging an annual growth rate of 2.2%. The most significant decline occurred in 2019, with a drop of 1.7%.

Annual dynamics of product's exports from Austria in value, 2017-2020, K $ US

Between 2017 and 2020, Germany, Poland, and Switzerland formed the core group of markets for Austria's rivet exports in value terms. Germany held a 26.6% share, Poland 14.3%, and Switzerland 11.0%. Collectively, these three countries accounted for 52.0% of total export value during this timeframe.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Austria in value, 2017-2020

Imports rivets to Austria

Imports in kind, t

Austria's imports of rivets in volume terms remained largely stable in 2020, totaling 3,677 tons with minimal change from the previous year. From 2017 to 2020, imports increased by 27.2% overall, averaging an annual growth rate of 8.3%. The peak import volume was recorded in 2018 at 3,934 tons. The largest decline occurred in 2019 with a 6.7% decrease, while the most substantial increase was in 2018, surging by 36.1%.

Annual dynamics of product's imports to Austria in kind, 2017-2020, t

During the 2017–2020 period, Switzerland and Germany dominated Austria's rivet imports in volume terms, together accounting for 83.2% of total imports. The remaining share was distributed among other countries, forming a more diversified but less significant portion of the import market.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Austria in kind, 2017-2020

Imports in value, K $ US

In 2020, Austria's imports of rivets in value terms reached $29,383,000, up by 5.1% compared to 2019. Over the 2017–2020 period, imports grew by 25% in total, with an average annual increase of 7.7%. The highest import value was recorded in 2018 at $30,527,000. The most notable decline was in 2019, falling by 8.4%, while the largest increase occurred in 2018 with a 29.9% rise.

Annual dynamics of product's imports to Austria in value, 2017-2020, K $ US

From 2017 to 2020, Switzerland and Germany were the leading sources for Austria's rivet imports in value terms, jointly capturing 86.4% of total import flows. The remaining share was divided among other markets, contributing to a more varied import structure.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Austria in value, 2017-2020