Rivets market in Sweden

Earlier Report Observations

The Swedish rivets market from 2018 to 2021 was influenced by the structure of the domestic steel industry, dominated by several large integrated and scrap-based mills. This foundation supported production, and by 2021, groundbreaking advancements in fossil-free steel manufacturing became a key driver. SSAB successfully produced the world's first fossil-free steel at its pilot plant in Luleå, while H2 Green Steel announced plans for a new production facility in Boden. These developments, marking the entry of new players and significant technological investment, coincided with a rise in rivet production to 3 444 t and an expansion of the market volume to 5 307 t in that year.

The market dynamics shifted notably after 2021. A continued industry focus on sustainability and low-emission steel in 2022 was followed by a major regulatory change in September 2023, when the EU implemented a ban on the import and purchase of certain iron and steel products containing Russian materials. This sanction required strict origin documentation, drastically reducing imports of rivets and contributing to a market volume contraction to 4 159 t in 2023. By 2024, domestic rivet production grew further to 4 286 t, but imports collapsed to just 360 t. The overall market volume in kind declined to 3 929 t, while its value increased to 8.7 million USD, reflecting the industry's ongoing transition toward more sustainable and potentially higher-cost production methods influenced by global raw material oversupply and strong demand for fossil-free products.

Production rivets in Sweden

In value, 2017-2020, K $ US

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

In kind, 2017-2020, t

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

Exports rivets from Sweden

Exports in kind, t

Sweden's rivet exports declined for the second year in a row. In 2019, exports stood at 642 tonnes, but by 2020 they had dropped to 642 tonnes, marking a 14.3% decrease. Looking at the period from 2017 to 2020, exports fell by 2.2%, with an average annual decline of 0.7%. The peak was in 2018 at 798 tonnes, which also saw the largest increase of 21.6%.

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

From 2017 to 2020, Norway, Estonia, and Denmark were significant buyers of Swedish rivets, accounting for 14.7%, 12.2%, and 9.2% of exports in kind, respectively. However, their combined share only reached 36.0% of total exports, with the remaining 64.0% spread across numerous other trading partners.

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

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

Exports in value, K $ US

Sweden's rivet exports in value terms fell for the second consecutive year. In 2019, exports were recorded at 3 960 thousand US dollars, but in 2020 they dropped to 3 960 thousand US dollars, a 22.3% decline. Between 2017 and 2020, exports decreased by 22%, equivalent to an annualized rate of 7.9%. The highest value was in 2018 at 5 185 thousand US dollars, which also experienced the largest increase of 2.2%.

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

Between 2017 and 2020, Sweden's rivet exports in value terms were not highly concentrated. Norway, the United States, and Hungary accounted for 16.9%, 9.0%, and 6.6% of exports, respectively, but together they only made up 32.5% of the total export value.

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

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

Imports rivets to Sweden

Imports in kind, t

Sweden's rivet imports increased for the third year in a row. In 2019, imports were 2 576 tonnes, rising to 2 576 tonnes in 2020, a 7.3% growth. Over the 2017-2020 period, imports surged by 110.6%, with an average annual growth rate of 28.2%.

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

From 2017 to 2020, Germany was the main supplier of rivets to Sweden, holding 75.4% of total imports in kind. The rest was sourced from a variety of other countries.

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

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

Imports in value, K $ US

Sweden's rivet imports in value terms declined for the second consecutive year. In 2019, imports totaled 4 549 thousand US dollars, but in 2020 they fell to 4 549 thousand US dollars, a 10.5% drop. Over the 2017-2020 period, imports decreased by 4.3%, with an average annual decline of 1.5%. The peak was in 2018 at 5 200 thousand US dollars, which also saw the largest increase of 9.4%.

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

Between 2017 and 2020, Germany, China, and the United Kingdom were the primary suppliers of rivets to Sweden in value terms, accounting for 45.4%, 9.7%, and 8.4% of imports, respectively. Together, they represented 63.5% of total import value.

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

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