Rivets market in Hungary

Earlier Report Observations

The market volume for iron or steel rivets in Hungary showed notable fluctuations between 2018 and 2024. After a period of relative stability around 4 100 tonnes in 2018-2019, consumption contracted to 3 761 tonnes in 2020. A recovery followed, with steady growth lifting the market to a peak of 4 305 tonnes in 2023. This upward trajectory was interrupted in 2024, when the market volume fell sharply to 3 604 tonnes.

In 2025, specific developments emerged that are relevant to the rivets market. A revival in the Hungarian real estate sector and the launch of larger construction projects increased demand for steel products, directly boosting the need for rivets in structural applications. Concurrently, the European Union introduced definitive protective tariffs on steel imports, a measure likely to influence import dynamics and competition within the Hungarian steel goods market.

Production rivets in Hungary

In value, 2018-2021, K $ US

Hungary's rivets production rebounded after two years of contraction. In 2021, output reached 8 426 K $ US, marking a significant 30.7% increase compared to 2020. Over the period from 2018 to 2021, production grew by 21%, which translates to an annualized growth rate of 6.6%. The lowest production value was recorded in 2020 at 6 448 K $ US, while the largest decline occurred in 2019 with a drop of 4.7%.

Annual dynamics of production in Hungary in value, 2018-2021, K $ US

In kind, 2018-2021, t

Hungary's rivets production increased for the second consecutive year. In 2021, the country produced 1 871 t of rivets, representing a sharp 28.1% rise from the previous year. From 2018 to 2021, production expanded by 31.2%, equivalent to an annualized growth rate of 9.5%. The lowest production volume was recorded in 2019 at 1 342 t, with the largest decline also occurring that year at 5.9%.

Annual dynamics of production in Hungary in kind, 2018-2021, t

Exports rivets from Hungary

Exports in kind, t

In 2021, Hungary exported 577 t of rivets, showing a 15.7% increase compared to the prior year. Between 2018 and 2021, exports grew by 6.3%, which corresponds to an annualized growth rate of 2.0%. The lowest export volume was recorded in 2020 at 498 t, with the largest decline also occurring in 2020 at 10.8%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

From 2018 to 2021, Germany, China, and Belgium were among the largest buyers of Hungarian rivets, accounting for 23.3%, 13.9%, and 9.5% of exports in kind, respectively. However, even combined, these three countries represented just 46.7% of total exports, indicating a broadly diversified partner base.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

Hungary's rivets exports increased after two years of reduction. In 2021, exports reached 3 553 K $ US, reflecting a solid 23.5% gain compared to 2020. Over the period from 2018 to 2021, exports decreased by 6.7%, equivalent to an annualized decline of 2.3%. The lowest export value was recorded in 2020 at 2 876 K $ US, with the largest decline also occurring that year at 20.2%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Hungary's rivets exports in value terms relied on a wide range of partner countries. Germany, China, and Romania were key markets, accounting for 25.3%, 8.9%, and 8.4% of exports in value terms, respectively. Together, these three countries represented just 42.6% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports rivets to Hungary

Imports in kind, t

Hungary's rivets imports declined for the second consecutive year. In 2021, imports totaled 2 751 t, showing a 1.7% decrease compared to the previous year. Between 2018 and 2021, imports fell by 16%, equivalent to an annualized decline of 5.6%. The highest import volume was recorded in 2019 at 3 332 t, with the largest decline occurring in 2020 at 16.0%. The largest increase was recorded in 2019 at 1.7%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Throughout 2018 to 2021, Germany played the leading role in Hungary's rivets imports in kind, accounting for 71.5% of total flows. Other markets together made up the remaining share.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

Hungary's rivets imports increased after two years of contraction. In 2021, imports totaled 18 469 K $ US, equivalent to a measured 7.1% increase compared to the previous year. Over the period from 2018 to 2021, imports decreased by 15.6%, with a compound annual growth rate (CAGR) of -5.5%. The lowest import value was recorded in 2020 at 17 248 K $ US, with the largest decline also occurring that year at 17.3%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Germany, Austria, and Spain remained the key partners for Hungary's rivets imports in value terms, accounting for 66.8%, 6.7%, and 4.5% of imports, respectively. Together, these three countries represented 78.0% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021