Asia-Pacific: Nail And Bolt Market 2022

Nail And Bolt Market Size in Asia-Pacific

The Asia-Pacific nail and bolt market reduced to $X in 2021, waning by -7.4% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2016 with an increase of 5.9% against the previous year. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Nail And Bolt Production in Asia-Pacific

In value terms, nail and bolt production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 9.1%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Nail And Bolt Exports

Exports in Asia-Pacific

In 2021, overseas shipments of nails, tacks, staples, screws and bolts increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nail and bolt exports surged to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of about X tons, which recorded 59% of total exports. It was distantly followed by Taiwan (Chinese) (X tons) and Japan (X tons), together making up a 25% share of total exports. India (X tons), South Korea (X tons), Thailand (X tons) and Vietnam (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to nail and bolt exports from China stood at +3.8%. At the same time, India (+5.8%), Vietnam (+5.7%), Thailand (+4.5%), South Korea (+3.2%) and Taiwan (Chinese) (+2.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +5.8% from 2012-2021. By contrast, Japan (-6.9%) illustrated a downward trend over the same period. While the share of China (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-6.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest nail and bolt supplier in Asia-Pacific, comprising 47% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 23% share of total exports. It was followed by Japan, with a 12% share.

In China, nail and bolt exports expanded at an average annual rate of +7.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+4.3% per year) and Japan (-3.9% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 7.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the other leaders experienced more modest paces of growth.

Nail And Bolt Imports

Imports in Asia-Pacific

In 2021, purchases abroad of nails, tacks, staples, screws and bolts increased by 10% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nail and bolt imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of nails, tacks, staples, screws and bolts, namely Japan, China, India, South Korea, Thailand, Australia, Vietnam, Malaysia, Indonesia, Singapore, the Philippines and Hong Kong SAR, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported nails, tacks, staples, screws and bolts in Asia-Pacific, comprising 30% of total imports. The second position in the ranking was taken by Thailand ($X), with a 10% share of total imports. It was followed by Japan, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value in China stood at +2.5%. In the other countries, the average annual rates were as follows: Thailand (-0.5% per year) and Japan (-0.1% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, growing by 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 11% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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