Rivets market in Portugal

Earlier Report Observations

In 2018, the Portuguese rivets market reached 1,987 tonnes, with the entry of a new player, Atm Fasteners Lda, which began trading in ironmongery including rivets. However, from 2019 to 2021, market volume contracted steadily, falling to 1,088 tonnes. This decline was primarily driven by the COVID-19 pandemic, which disrupted steel production globally and in key supplier countries like Brazil, leading to plant closures and supply bottlenecks. Concurrently, spiraling steel and iron ore prices, exacerbated by environmental restrictions in China, raised production costs for rivets, dampening market activity.

The market rebounded in 2022, growing to 1,522 tonnes, supported by Portugal's export of steel bars and components worth approximately $180 million, indicating robust domestic industrial activity. Chinese demand for iron ore continued to influence raw material costs, but the post-pandemic recovery in sectors like construction and automotive aided consumption. Volume expanded further to 1,604 tonnes in 2023 before easing to 1,419 tonnes in 2024, reflecting normal market fluctuations without major reported drivers.

Production rivets in Portugal

In value, 2018-2021, K $ US

Portugal's rivets production volume increased after two consecutive years of decline. In 2021, output reached 2 773 K $ US, representing a 35.4% year-over-year increase. Over the 2018-2021 period, production grew by 7.7%, with a compound annual growth rate of 2.5%. The lowest value was recorded in 2020 at 2 049 K $ US, which also saw the largest decline of 12.8%.

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

In kind, 2018-2021, t

Portugal's rivets production volume increased following two years of losses. In 2021, production reached 1 960 tons, marking a 29.1% increase compared to the previous year. Between 2018 and 2021, production grew by 4.9%, equivalent to an annualized rate of 1.6%. The lowest value was recorded in 2020 at 1 518 tons, which also experienced the largest decline of 15.2%.

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

Exports rivets from Portugal

Exports in kind, t

The market exhibited volatility throughout the observed period. Export volumes reached their lowest point in 2018 and peaked in 2021, with a 3.8-fold difference between these years. In 2021, Portugal exported 1 215 tons of rivets, showing a sharp 40.3% increase compared to 2020. The largest increase occurred in 2019 at 212.4%, while the largest decline was recorded in 2020 at 14.4%.

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

From 2018 to 2021, Spain remained the primary destination for Portugal's rivets exports, accounting for 89.7% of total export volumes. The remaining 10.3% was distributed among other countries.

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

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

Exports in value, K $ US

Market behavior showed significant volatility during these years. The lowest export value was recorded in 2018, while the highest occurred in 2021, representing a 7.5-fold difference between these extremes. In 2021, Portugal's rivets exports amounted to 4 172 K $ US, marking a steep 42.9% increase compared to 2020. The largest increase was recorded in 2019 at 473.7%, while the largest decline occurred in 2020 at 8.3%.

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

Throughout the 2018-2021 period, Spain remained the main destination for Portugal's rivets exports in value terms, accounting for 87.4% of total export value. The remaining 12.6% was distributed across various smaller markets.

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

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

Imports rivets to Portugal

Imports in kind, t

Portugal's rivets import volume declined after two consecutive years of growth. In 2021, imports totaled 548 tons, reflecting a 37.5% year-over-year reduction. Between 2018 and 2021, imports decreased by 22.7%, equivalent to an annualized decline of 8.2%. The highest import volume was recorded in 2020 at 548 tons, while the largest increase occurred in 2019 at 19.6%.

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

From 2018 to 2021, China, Germany, and France remained the key partners for Portugal's rivets imports by volume. China accounted for 39.1% of imports, Germany for 24.9%, and France for 18.9%. Together, these three countries represented 82.9% of total import volumes.

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

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

Imports in value, K $ US

Portugal's rivets import value increased after two years of contraction. In 2021, imports reached 3 393 K $ US, showing a strong 19.8% increase compared to the previous year. Between 2018 and 2021, imports decreased by 7.8%, equivalent to an annualized decline of 2.7%. The lowest value was recorded in 2020 at 2 832 K $ US, while the largest decline occurred in 2019 at 21.3%.

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

Throughout the 2018-2021 period, Germany, France, and Spain remained the key partners for Portugal's rivets imports by value. Germany accounted for 29.8% of import value, France for 20.5%, and Spain for 16.3%. Together, these three countries represented 66.6% of total import value.

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

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