Latin America and the Caribbean: Nail And Bolt Market 2024

Nail And Bolt Market Size in Latin America and the Caribbean

The Latin American nail and bolt market fell to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Nail And Bolt Production in Latin America and the Caribbean

In value terms, nail and bolt production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Nail And Bolt Exports

Exports in Latin America and the Caribbean

For the eleventh consecutive year, LatAmerica and the Caribbean recorded growth in shipments abroad of nails, tacks, staples, screws and bolts, which increased by X% to X tons in 2022. In general, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, nail and bolt exports soared to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Mexico (X tons) was the main exporter of nails, tacks, staples, screws and bolts, mixing up X% of total exports. It was distantly followed by Brazil (X tons), committing a X% share of total exports. Peru (X tons), Colombia (X tons) and Guatemala (X tons) took a little share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Guatemala (X%), Peru (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Colombia experienced a relatively flat trend pattern. While the share of Mexico (X p.p.) and Guatemala (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest nail and bolt supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Mexico, nail and bolt exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible curtailment. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Nail And Bolt Imports

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of nails, tacks, staples, screws and bolts increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, nail and bolt imports rose significantly 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% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Brazil (X tons) and Mexico (X tons) represented the main importers of nails, tacks, staples, screws and bolts in Latin America and the Caribbean, together generating X% of total imports. It was distantly followed by Chile (X tons), Colombia (X tons), Argentina (X tons) and Peru (X tons), together mixing up a X% share of total imports. The following importers - Ecuador (X tons), Bolivia (X tons), the Dominican Republic (X tons), Guatemala (X tons) and Costa Rica (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Dominican Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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 Mexico ($X per ton), while Bolivia ($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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