Nail, Screw And Bolt Market in Mexico: The Growth To Soften Against Uncertainty In The Automotive Industry

Other Fabricated Metal Products January 23, 2019
Mexico - Nails, Tacks, Staples, Screws And Bolts - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "Mexico - Nails, Tacks, Staples, Screws And Bolts - Market Analysis, Forecast, Size, Trends and Insights". Here is a summary of the report's key findings.

The market value for nails, tacks, staples, screws and bolts in Mexico stood at $X in 2017, remaining relatively stable in the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). From 2007 to 2017, the market illustrated a mixed trend pattern: after a notable decline seen in the market value in 2009, it grew over the next three years, reaching its highest level of $X in 2012. The next year it turned downward, experiencing negative dynamics through to 2017, except for slight fluctuation in 2015.

In physical terms, nails, tacks, staples, screws and bolts consumption in Mexico totaled X tonnes in 2017 (IndexBox estimate), which was X tonnes (X%) lower than the year before and X tonnes (X%) less than the highest level of consumption, achieved in 2011.

The Automotive Industry – Key Fastener Consuming Industry In Mexico – Face Challenging Times

Nails, tacks, staples, screws and bolts constitute basic items used as an integral component part in many end-products across almost all industry sectors. Key consumer industries include commercial mechanical engineering, vehicle manufacturing, the aviation sector, as well as residential, industrial and infrastructure-based construction.

Manufacturing in Mexico is experiencing a measured growth, driven by improving conditions in the domestic economy and an upswing in consumer spending and industrial manufacturing in the U.S., which remains a key export market for cars and automotive products, machinery and intermediate assemblies from Mexico. All those sectors require fasteners to be used, therefore, the demand from the U.S. makes significant contribution into Mexican fastener consumption.

The automotive industry, which comprises a significant share of Mexican industrial exports, remains a key market for bolts and fasteners in the country. Thanks to the NAFTA agreement, Mexico enjoys profitable conditions for exporting cars to the U.S. and Canada. This, along with the availability of rather low-cost and skilled workforce, attracted major car manufacturers in the U.S., as well as European manufacturers aimed at the North American market, to place production facilities in Mexico.

However, the growth of the Mexican automotive industry has slowed down over the last couple of years, due to a slowdown of the growth of new car sales in the U.S. Despite the U.S. car markets are to benefit from increased demand for car trips due to low gasoline prices, strong employment and income growth, car sales are likely to slowdown prom current peak in the next two to three years. The problem is that the consumers have already bought new cars for replacement, which limits the growth in demand and increases the competition in the lower price segment by flooding the secondary market with a large number of used cars. The global car market has also softened its growth amid uncertainty caused by a slump in oil prices and incomes in many commodity-exporting countries.

The Market Is Projected To Expand Modestly Over The Next Decade

In the medium term, the growth of the American car market is set to resume, as the U.S. economy continues to grow robustly, propelling consumer spending. However, for the Mexican car industry, there is still some kind of uncertainty from a possible renegotiation of the NAFTA agreement, which could potentially worsen trade conditions for the car exports. Furthermore, president Trump’s administration puts its efforts to stimulate car producers to return their manufacturing home. This will definitely hamper any further expansion of facilities of American car manufacturers in Mexico, which will make an adverse effect on the Mexican car industry.

As for the other industries, and especially the demand that comes from the domestic industries, the potential for the growth of the fastener market remains very limited. According to the World Bank’s forecast, the growth of the Mexican economy will be very moderate, fluctuating at a level of approx. X% per year in the immediate term. This, in turn, will make only modest growth in terms of domestic industries feasible. On the other hand, an expected reversion to positive investment growth is also projected to support the economy in the medium term, while the growth of private consumption is expected to languish at a lower rate than in recent years. This will also affect the Mexican construction industry, which is also set to grow rather slowly, pressured by uncertainty and measured economy growth.

Given all the above-mentioned assumptions, only moderate growth of the fastener market is expected in Mexico. Driven by increasing demand for nail and bolt in Mexico, the market is expected to continue an upward consumption trend over the next eight-year period. According to the IndexBox forecast, market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +X% for the eight-year period from 2017 to 2025, which is projected to bring the market volume to X tonnes by the end of 2025. This forecast is based on a general assumption of trade conditions and access to the American market will not worsen in the immediate term; therefore, Mexican exports will not suffer heavily from political changes. This remains a major issue for Mexican industries and the fastener market in particular.

Do you want to know more about global nail and bolt market? Get the latest trends and insight from our report. It includes a wide range of statistics on:

  • nail and bolt market share
  • nail and bolt prices
  • nail and bolt industry
  • nail and bolt sales
  • nail and bolt import
  • nail and bolt export
  • nail and bolt market forecast
  • nail and bolt price forecast
  • key nail and bolt producers

All data provided in this article covers the following products:

HS X - Nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. X) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper

HS X - Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel

HS X - Copper, nails, tacks, drawing pins, staples (not those of heading no. X) and the like, of copper or iron or steel with heads of copper; screws bolts, nuts, screws hooks, rivets, cotters, washers

HS X - Aluminium; nails, tacks, staples (other than those of heading no. X), screws, bolts, nuts, screw hooks, rivets, cotters, cotter-pins, washers and similar articles

Source: Mexico - Nails, Tacks, Staples, Screws And Bolts - Market Analysis, Forecast, Size, Trends and Insights

Product coverage: nails, tacks, staples, screws, bolts and similar articles, of iron, steel, copper or aluminium.

This report provides an in-depth analysis of the nail and bolt market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage: Mexico.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Trade (exports and imports) in Mexico;
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 MARKET STRUCTURE
3.3 TRADE BALANCE
3.4 PER CAPITA CONSUMPTION
3.5 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 TOP EXPORTING COUNTRIES
5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE

8. IMPORTS
The Largest Import Supplying Countries
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS
The Largest Destinations for Exports
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION


LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption In 2007-2017
Table 5: Imports, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Value Terms, By Country, 2007–2017
Table 7: Import Prices, By Country Of Origin, 2007–2017
Table 8: Exports, In Physical Terms, By Country, 2007–2017
Table 9: Exports, In Value Terms, By Country, 2007–2017
Table 10: Export Prices, By Country Of Destination, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2017
Figure 4: Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2017
Figure 5: Trade Balance, In Physical Terms, 2007-2017
Figure 6: Trade Balance, In Value Terms, 2007-2017
Figure 7: Per Capita Consumption, 2007-2017
Figure 8: Market Forecast To 2025
Figure 9: Products: Market Size And Growth, By Type
Figure 10: Products: Average Per Capita Consumption, By Type
Figure 11: Products: Exports And Growth, By Type
Figure 12: Products: Export Prices And Growth, By Type
Figure 13: Production Volume And Growth
Figure 14: Exports And Growth
Figure 15: Export Prices And Growth
Figure 16: Market Size And Growth
Figure 17: Per Capita Consumption
Figure 18: Imports And Growth
Figure 19: Import Prices
Figure 20: Production, In Physical Terms, 2007–2017
Figure 21: Production, In Value Terms, 2007–2017
Figure 22: Imports, In Physical Terms, 2007–2017
Figure 23: Imports, In Value Terms, 2007–2017
Figure 24: Imports, In Physical Terms, By Country, 2017
Figure 25: Imports, In Physical Terms, By Country, 2007–2017
Figure 26: Imports, In Value Terms, By Country, 2007–2017
Figure 27: Import Prices, By Country Of Origin, 2007–2017
Figure 28: Exports, In Physical Terms, 2007–2017
Figure 29: Exports, In Value Terms, 2007–2017
Figure 30: Exports, In Physical Terms, By Country, 2017
Figure 31: Exports, In Physical Terms, By Country, 2007–2017
Figure 32: Exports, In Value Terms, By Country, 2007–2017
Figure 33: Export Prices, By Country Of Destination, 2007–2017