Bolt, Nut, Screw And Washer Market in the USA - Key Insights

IndexBox has just published a new report, the U.S. Bolt, Nut, Screw, Rivet, And Washer Market. Analysis And Forecast to 2025. Here is a summary of the report's key findings.

The revenue of the market of bolts, nuts, screws, rivets and washers in the U.S. amounted to $6.9B in 2018, going up by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.5% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018, with an increase of 14% against the previous year. In that year, the market for bolt, nut, screw and washer attained its peak level, and is likely to continue its growth in the immediate term.

Production of Bolts, Nuts, Screws, Rivets And Washers in the USA

In value terms, production of bolts, nuts, screws, rivets and washers amounted to $9.3B in 2018. Overall, production of bolts, nuts, screws, rivets and washers continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by 5.1% against the previous year. In that year, production of bolts, nuts, screws, rivets and washers reached its peak level of $9.8B. From 2015 to 2018, production of bolts, nuts, screws, rivets and washers growth remained at a somewhat lower figure.

Exports of Bolts, Nuts, Screws, Rivets And Washers

Exports from the USA

In 2018, the amount of bolts, nuts, screws, rivets and washers exported from the U.S. amounted to 17K tonnes, surging by 11% against the previous year. Overall, exports of bolts, nuts, screws, rivets and washers continue to indicate a relatively flat trend pattern.

In value terms, exports of bolts, nuts, screws, rivets and washers amounted to $186M (IndexBox estimates) in 2018.

Exports by Country

China (2.4K tonnes), Germany (1.6K tonnes) and the Czech Republic (1.2K tonnes) were the main destinations of exports of bolts, nuts, screws, rivets and washers from the U.S., together accounting for 30% of total exports. These countries were followed by Brazil, Australia, the UK, China, Hong Kong SAR, Chile, India, France, the United Arab Emirates and Colombia, which together accounted for a further 34%.

From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by China, Hong Kong SAR (+33.4% per year), while the other leaders experienced more modest paces of growth.

In value terms, China ($25M), Australia ($17M) and Brazil ($15M) appeared to be the largest markets for bolt, nut, screw and washer exported from the U.S. worldwide, together comprising 31% of total exports. These countries were followed by Germany, the Czech Republic, Chile, the UK, China, Hong Kong SAR, Colombia, India, France and the United Arab Emirates, which together accounted for a further 27%.

Export Prices by Country

The average export price for bolts, nuts, screws, rivets and washers stood at $11 per kg in 2018, waning by -4.3% against the previous year. In general, the export price for bolts, nuts, screws, rivets and washers continues to indicate a moderate decrease.

Export prices varied noticeably by the country of origin; the country with the highest export price was Australia ($18 per kg), while the average price for exports to the United Arab Emirates ($4.3 per kg) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to Brazil (+6.1% per year), while the export prices for the other major destinations experienced mixed trend patterns.

Imports of Bolts, Nuts, Screws, Rivets And Washers

Imports into the USA

Imports of bolts, nuts, screws, rivets and washers into the U.S. totaled 1.7M tonnes in 2018, increasing by 14% against the previous year. The total import volume increased at an average annual rate of +3.3% over the period from 2013 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded over the period under review.

In value terms, imports of bolts, nuts, screws, rivets and washers amounted to $4.7B (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +4.9% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. In that year, imports of bolts, nuts, screws, rivets and washers reached their peak , and are likely to continue its growth in the immediate term.

Imports by Country

China (715K tonnes), Taiwan, Chinese (668K tonnes) and Japan (108K tonnes) were the main suppliers of imports of bolts, nuts, screws, rivets and washers to the U.S., together accounting for 86% of total imports. These countries were followed by India, South Korea, Thailand and Viet Nam, which together accounted for a further 9.4%.

From 2013 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Viet Nam (+26.6% per year), while the other leaders experienced more modest paces of growth.

In value terms, Taiwan, Chinese ($1.7B), China ($1.4B) and Japan ($576M) were the largest bolt, nut, screw and washer suppliers to the U.S., with a combined 81% share of total imports.

Import Prices by Country

In 2018, the average import price for bolts, nuts, screws, rivets and washers amounted to $2.7 per kg, growing by 3% against the previous year. Over the last five year period, it increased at an average annual rate of +1.5%.

There were significant differences in the average import prices amongst the major supplying countries. In 2018, the country with the highest import price was Japan ($5.3 per kg), while the price for Viet Nam ($927 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of import prices was attained by Japan (+11.5% per year), while the import prices for the other major suppliers experienced more modest paces of growth.

Companies Mentioned in the Report

Nelson Stud Welding, Marmon Group , SPS Technologies, Continental/Midland, M.S. Aerospace, Spirol International Corporation, Consolidated Metal Products, Avibank Mfg., Kamax L.P., MNP Corporation, ND Industries, Federal Screw Works, Brunner Manufacturing Company, Ta Chen International, Indiana Automotive Fasteners, Nylok Fastener Corporation, Ferry Cap & Set Screw Company, Semblex Corporation, Edwin B. Stimpson Company, Shannon Precision Fastener, Lewis Bolt & Nut Company, YKK (u.s.a.), The Cold Heading Co, Slidematic Industries, Medalist Industries , Infastech Decorah, Fontana Fasteners, Fastentech, Allesco Industries Inc, Efg Holdings, Texas Power Systems , Beachlawn, Spirol International Holding Corporation, Hi-Shear Corporation

Source: IndexBox AI Platform