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Bangladesh - Nails, Tacks, Staples, Screws and Bolts - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Nail And Bolt Market 2022

Nail And Bolt Market Size in Bangladesh

After two years of decline, the Bangladeshi nail and bolt market increased by 10% to $X in 2021. Over the period under review, consumption recorded prominent growth. Nail and bolt consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Nail And Bolt Exports

Exports from Bangladesh

In 2021, after three years of growth, there was significant decline in shipments abroad of nails, tacks, staples, screws and bolts, when their volume decreased by -26.5% to X tons. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 102% against the previous year. The exports peaked at X tons in 2020, and then dropped notably in the following year.

In value terms, nail and bolt exports contracted notably to $X in 2021. Over the period under review, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2019 when exports increased by 84% against the previous year. The exports peaked at $X in 2020, and then fell significantly in the following year.

Exports by Country

Japan (X tons) was the main destination for nail and bolt exports from Bangladesh, accounting for a 59% share of total exports. Moreover, nail and bolt exports to Japan exceeded the volume sent to the second major destination, India (X tons), eightfold. The third position in this ranking was taken by Indonesia (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+52.7% per year) and Indonesia (+139.1% per year).

In value terms, Japan ($X) emerged as the key foreign market for nail and bolt exports from Bangladesh, comprising 51% of total exports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total exports. It was followed by Singapore, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+165.5% per year) and Singapore (+35.2% per year).

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2021, growing by 14% against the previous year. In general, the export price recorded buoyant growth. The growth pace was the most rapid in 2016 when the average export price increased by 60% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (+217.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Bangladesh

In 2021, after two years of decline, there was significant growth in supplies from abroad of nails, tacks, staples, screws and bolts, when their volume increased by 9.3% to X tons. Overall, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 73%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, nail and bolt imports amounted to $X in 2021. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2014 when imports increased by 67%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest nail and bolt supplier to Bangladesh, accounting for a 76% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. The third position in this ranking was held by South Korea (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+16.1% per year) and South Korea (+25.8% per year).

In value terms, China ($X) constituted the largest supplier of nail and bolt to Bangladesh, comprising 55% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 12% share of total imports. It was followed by India, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (+62.2% per year) and India (+19.3% per year).

Import Prices by Country

In 2021, the average nail and bolt import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sri Lanka ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for nails, tacks, staples, screws and bolts in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and Brazil, together accounting for 48% of global consumption. Japan, Mexico, Canada, India, Russia, the Philippines, Vietnam, Turkey, South Korea and Germany lagged somewhat behind, together comprising a further 25%.

What are the largest producers of nails, tacks, staples, screws and bolts in the world?

The country with the largest volume of nail and bolt production was China, comprising approx. 47% of total volume. Moreover, nail and bolt production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), fivefold. The United States ranked third in terms of total production with a 6.9% share.

What are the leading suppliers of nails, tacks, staples, screws and bolts to Bangladesh?

In value terms, China constituted the largest supplier of nail and bolt to Bangladesh, comprising 55% of total imports. The second position in the ranking was held by Sri Lanka, with a 12% share of total imports. It was followed by India, with a 9.9% share.

What are the leading importers of nails, tacks, staples, screws and bolts from Bangladesh?

In value terms, Japan emerged as the key foreign market for nail and bolt exports from Bangladesh, comprising 51% of total exports. The second position in the ranking was held by Thailand, with a 12% share of total exports. It was followed by Singapore, with a 7.8% share.

What is the average export price for nails, tacks, staples, screws and bolts in Bangladesh?

The average nail and bolt export price stood at $12,377 per ton in 2021, with an increase of 14% against the previous year.

What is the average import price for nails, tacks, staples, screws and bolts in Bangladesh?

The average nail and bolt import price stood at $2,453 per ton in 2021, therefore, remained relatively stable against the previous year.

This report provides an in-depth analysis of the nail and bolt market in Bangladesh. 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 25931410 -

• Prodcom 25931480 -

• Prodcom 25941113 - Screws, turned from bars, rods, profiles, or wire, of a shank thickness . 6 mm

• Prodcom 25941115 - Other screws and bolts for fixing railway truck construction material, iron or steel

• Prodcom 25941117 - Screws and bolts without heads in steel

• Prodcom 25941123 - Slotted and cross-recessed screws of stainless steel

• Prodcom 25941125 - Other screws and bolts with heads

• Prodcom 25941127 - Hexagon socket head screws of stainless steel

• Prodcom 25941129 - Other hexagon socket head screws

• Prodcom 25941131 - Stainless steel hexagon bolts with heads

• Prodcom 25941133 - Iron or steel hexagon bolts with heads, with a tensile strength < .800 MPa (excluding of stainless steel)

• Prodcom 25941135 - Iron or steel hexagon bolts with heads, with a tensile strength. .800 MPa (excluding of stainless steel)

• Prodcom 25941139 - Iron or steel bolts with heads (excluding hexagon bolts)

• Prodcom 25941153 - Iron or steel wood screws

• Prodcom 25941157 - Iron or steel screw hooks and screw rings

• Prodcom 25941173 - Stainless steel self-tapping screws (excluding threaded mechanisms used to transmit motion, or to act as an active machinery part)

• Prodcom 25941175 - Iron or steel self-tapping screws (excluding of stainless steel, t hreaded mechanisms used to transmit motion, or to act as an active machinery part)

• Prodcom 25941183 - Iron or steel nuts turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm

• Prodcom 25941185 - Stainless steel nuts (excluding those turned from bars, rods, p rofiles, or wire, of solid section, of a hole diameter . 6 mm)

• Prodcom 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)

• Prodcom 25941190 - Threaded articles, n.e.c., of iron or steel

• Prodcom 25941210 - Iron or steel spring washers and other lock washers

• Prodcom 25941230 - Iron or steel washers (excluding spring washers and other lock washers)

• Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)

• Prodcom 25941270 - Iron or steel cotters and cotter-pins and similar non-threaded articles (excluding washers, rivets)

• Prodcom 25941310 - Washers, rivets, cotters, cotter pins and the like, not threaded, of copper

• Prodcom 25941340 - Copper screws, bolts and nuts (excluding pointed screw nails, s crew stoppers, threaded mechanisms used to transmit motion/to act as active machinery part, screw hooks, rings)

• Prodcom 25941370 - Threaded articles of copper, n.e.c.

Country coverage:

• Bangladesh

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in Bangladesh

• 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

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance