Latin America and the Caribbean: Nails And Tacks Market 2024

Nails And Tacks Market Size in Latin America and the Caribbean

In 2022, the Latin American nails and tacks market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Nails And Tacks Production in Latin America and the Caribbean

In value terms, nails and tacks production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced decrease. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Nails And Tacks Exports

Exports in Latin America and the Caribbean

After two years of growth, overseas shipments of nails, tacks, drawing pins, corrugated nails, staples decreased by X% to X tons in 2022. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, nails and tacks exports expanded sharply to $X in 2022. In general, exports recorded a abrupt downturn. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Mexico (X tons) and Colombia (X tons) were the largest exporters of nails, tacks, drawing pins, corrugated nails, staples in Latin America and the Caribbean, together comprising X% of total exports. Brazil (X tons) took the next position in the ranking, followed by Panama (X tons) and Costa Rica (X tons). All these countries together took near X% share of total exports. The following exporters - Chile (X tons) and Guatemala (X tons) - each reached a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Costa Rica (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Colombia ($X) and Brazil ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Panama, Costa Rica, Chile and Guatemala lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Costa Rica, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (X%), while the other leaders experienced more modest paces of growth.

Nails And Tacks Imports

Imports in Latin America and the Caribbean

In 2022, imports of nails, tacks, drawing pins, corrugated nails, staples in Latin America and the Caribbean expanded remarkably to X tons, growing by X% on the year before. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, nails and tacks imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Mexico represented the key importer of nails, tacks, drawing pins, corrugated nails, staples in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Brazil (X tons) ranks second in terms of the total imports with a X% share, followed by Colombia (X%), Chile (X%), Argentina (X%), Peru (X%) and Ecuador (X%).

From 2012 to 2022, average annual rates of growth with regard to nails and tacks imports into Mexico stood at X%. At the same time, Colombia (X%), Argentina (X%), Ecuador (X%), Peru (X%), Chile (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia (X p.p.), Argentina (X p.p.), Peru (X p.p.), Chile (X p.p.), Ecuador (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Mexico ($X) constitutes the largest market for imported nails, tacks, drawing pins, corrugated nails, staples in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with an X% share of total imports. It was followed by Chile, with a X% share.

In Mexico, nails and tacks imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Peru ($X per ton), while Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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