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U.S. - Nails, Tacks, Drawing Pins, Corrugated Nails, Staples - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Sep 2, 2023
Imports of Nails and Tacks Surge 16% to $13M in June 2023 in United States
U.S. Nails And Tacks Imports
In June 2023, supplies from abroad of nails, tacks, drawing pins, corrugated nails, staples increased by 16% to 5.5K tons, rising for the third consecutive month after seven months of decline. Overall, imports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in April 2023 when imports increased by 22% against the previous month.
In value terms, nails and tacks imports surged to $13M (IndexBox estimates) in June 2023. In general, imports, however, showed a noticeable curtailment. The growth pace was the most rapid in August 2022 when imports increased by 20% against the previous month. As a result, imports attained the peak of $24M. From September 2022 to June 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Nails And Tacks in U.S. (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| China | 8.1 | 6.6 | 6.5 | 7.1 | 4.6 | 4.5 | 4.5 | 4.5 | 3.6 | 3.4 | 3.8 | 4.8 | 5.7 |
| South Korea | 3.0 | 2.3 | 2.6 | 2.0 | 1.1 | 0.8 | 0.6 | 0.9 | 0.9 | 1.6 | 1.7 | 1.4 | 1.9 |
| Oman | 2.0 | 2.1 | 1.9 | 2.2 | 1.1 | 0.7 | 0.2 | 0.2 | 0.2 | 0.2 | < 0.1 | 0.7 | 1.1 |
| Taiwan (Chinese) | 1.8 | 1.3 | 2.1 | 1.4 | 1.2 | 1.5 | 0.8 | 1.0 | 0.8 | 0.6 | 1.2 | 0.8 | 0.8 |
| Thailand | 1.1 | 0.8 | 1.9 | 1.2 | 1.6 | 0.8 | 0.9 | 0.5 | 0.7 | 0.4 | 0.4 | 0.8 | 0.6 |
| Malaysia | 0.9 | 0.7 | 1.6 | 1.0 | 0.7 | 0.9 | 0.5 | 0.6 | 0.4 | 0.3 | 0.4 | 0.5 | 0.5 |
| Vietnam | 1.8 | 2.2 | 2.4 | 1.1 | 1.3 | 0.7 | 1.2 | 0.8 | 0.4 | 0.1 | 0.3 | 0.3 | 0.2 |
| Others | 3.5 | 3.8 | 4.7 | 2.4 | 3.0 | 3.1 | 2.6 | 1.7 | 1.7 | 1.4 | 1.8 | 1.7 | 1.8 |
| Total | 22.0 | 19.7 | 23.7 | 18.5 | 14.7 | 13.0 | 11.3 | 10.2 | 8.7 | 8.0 | 9.6 | 10.9 | 12.6 |
Imports by Country
In June 2023, China (2.2K tons) constituted the largest nails and tacks supplier to the United States, with a 41% share of total imports. Moreover, nails and tacks imports from China exceeded the figures recorded by the second-largest supplier, South Korea (1K tons), twofold. The third position in this ranking was held by Oman (730 tons), with a 13% share.
From June 2022 to June 2023, the average monthly rate of growth in terms of volume from China amounted to -3.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-3.0% per month) and Oman (-3.1% per month).
In value terms, China ($5.7M) constituted the largest supplier of nails and tacks to the United States, comprising 45% of total imports. The second position in the ranking was taken by South Korea ($1.9M), with a 15% share of total imports. It was followed by Oman, with an 8.9% share.
From June 2022 to June 2023, the average monthly growth rate of value from China stood at -2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-3.9% per month) and Oman (-4.5% per month).
Imports by Type
In June 2023, base metal staples in strips for use in offices (4.4K tons) constituted the largest type of nails and tacks supplied to the United States, with a 81% share of total imports. Moreover, base metal staples in strips for use in offices exceeded the figures recorded for the second-largest type, letter clips, letter corners of base metal (755 tons), sixfold.
From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of base metal staples in strips for use in offices amounted to -5.3%. With regard to the other supplied products, the following average monthly rates of growth were recorded: letter clips, letter corners of base metal (+0.4% per month) and base metal fittings for loose-leaf binders or files (-3.8% per month).
In value terms, base metal staples in strips for use in offices ($8.9M) constituted the largest type of nails and tacks supplied to the United States, comprising 70% of total imports. The second position in the ranking was held by letter clips, letter corners of base metal ($2.6M), with a 21% share of total imports.
Import Prices by Country
In June 2023, the nails and tacks price stood at $2,296 per ton, therefore (CIF, US), remained relatively stable against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 5% m-o-m. The import price peaked at $2,508 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($3,321 per ton), while the price for Oman ($1,534 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the nails and tacks market in the U.S.. 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 2030.
Product coverage:
• Prodcom 25931400 - Nails, tacks, drawing pins, corrugated nails, staples (other than those of HS
• Prodcom 25992330 - Base metal fittings for loose-leaf binders or files
• Prodcom 25992350 - Base metal staples in strips for use in offices, upholstery and packaging
• Prodcom 25992370 - Office articles such as letter clips, letter corners... of base metal
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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
This Chapter is Available Only for the Professional Edition
PRO
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 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
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
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
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 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2012-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2022
Figure 5:
Trade Balance, In Physical Terms, 2012-2022
Figure 6:
Trade Balance, In Value Terms, 2012-2022
Figure 7:
Per Capita Consumption, 2012-2022
Figure 8:
Market Volume Forecast to 2030
Figure 9:
Market Value Forecast to 2030
Figure 10:
Products: Market Size And Growth, By Type
Figure 11:
Products: Average Per Capita Consumption, By Type
Figure 12:
Products: Exports And Growth, By Type
Figure 13:
Products: Export Prices And Growth, By Type
Figure 14:
Production Volume And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2012–2022
Figure 22:
Production, In Value Terms, 2012–2022
Figure 23:
Imports, In Physical Terms, 2012–2022
Figure 24:
Imports, In Value Terms, 2012–2022
Figure 25:
Imports, In Physical Terms, By Country, 2022
Figure 26:
Imports, In Physical Terms, By Country, 2012–2022
Figure 27:
Imports, In Value Terms, By Country, 2012–2022
Figure 28:
Import Prices, By Country Of Origin, 2012–2022
Figure 29:
Exports, In Physical Terms, 2012–2022
Figure 30:
Exports, In Value Terms, 2012–2022
Figure 31:
Exports, In Physical Terms, By Country, 2022
Figure 32:
Exports, In Physical Terms, By Country, 2012–2022
Figure 33:
Exports, In Value Terms, By Country, 2012–2022
Figure 34:
Export Prices, By Country Of Destination, 2012–2022
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