Which Country Imports the Most Nails and Bolts in the World?

Other Fabricated Metal Products May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Imports the Most Nails and Bolts in the World?

IndexBox has just published a new report "World: Nails, Tacks, Staples, Screws And Bolts - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the global imports of nail and bolt totaled 3.1M tonnes, going down by -5.9% against the previous year level. Overall, nail and bolt imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013, when import increased by 30% against the previous year level. In that year, global nail and bolt imports attained its maximum volume of 4M tonnes. From 2014 to 2016, growth of global nail and bolt imports stood at a somewhat lower level.

In value terms, nail and bolt imports amounted to $2.2B in 2016. Overall, nail and bolt imports continue to indicate a relatively flat trend pattern. Global nail and bolt import peaked of $2.8B in 2008- however, from 2009 to 2016, it failed to regain its strength.

Top Nail And Bolt Importing Countries in the World

1. USA (765.1 million USD)

2. Germany (101.4 million USD)

3. Canada (96.9 million USD)

4. United Kingdom (91.1 million USD)

5. Japan (90.0 million USD)

6. South Korea (44.3 million USD)

7. China (19.5 million USD)

8. Malaysia (8.3 million USD)

9. Oman (5.8 million USD)

Nail And Bolt Imports By Country

In 2016, China (1.3M tonnes) was the largest importer for nail and bolt, making up 42% of total imports. It was distantly followed by the U.S. (467K tonnes), mixed up 15% share of total nail and bolt imports. Oman (117K tonnes), Japan (81K tonnes), Canada (76K tonnes), South Korea (73K tonnes), Malaysia (63K tonnes), Germany (62K tonnes), and the UK (50K tonnes) followed a long way behind this figure.

China experienced a relatively flat trend pattern. At the same time, Japan (+3.8%), Malaysia (+2.8%), and South Korea (+1.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest growing importer/exporter in the world, with a CAGR of +3.8% from 2007-2016. Germany, and Canada experienced a relatively flat trend pattern. By contrast, Oman (-2.6%), the UK (-3.4%), and the U.S. (-5.3%) illustrated a downward trend over the same period. While the share of the U.S. (10%) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($765M) constitutes the largest market for imported nail and bolt worldwide, making up 34% of global imports. The second position in the ranking was occupied by Germany ($101M), with the share of 5% of global imports. It was followed by Canada, with the share of 4%.

In the U.S., nail and bolt imports plunged by an average annual rate of -1.2% over the period from 2007-2016. The remaining importing countries recorded the following average annual rates: Germany (-0.7% per year) and Canada (+0.7% per year).

Nail And Bolt Import Prices By Country

The average nail and bolt import price stood at $714 per tonne in 2016, flattening at the previous year level. Overall, nail and bolt import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when import increased by 26% y-o-y. In that year, average nail and bolt import price reached its maximum level of $890 per tonne. From 2009 to 2016, growth of average nail and bolt import price stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was the UK ($1,835 per tonne), while China ($15 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of nail and bolt import prices was attained by Malaysia (+13.6% per year), while the other global leaders experienced more modest paces of growth.

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 product: HS Code 7317 - Nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper.

Source: World: Nails, Tacks, Staples, Screws And Bolts - Market Report. Analysis and Forecast to 2025