MENA: Nails And Tacks Market 2024

Nails And Tacks Market Size in MENA

The MENA's nails and tacks market fell to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Nails And Tacks Production in MENA

In value terms, nails and tacks production shrank sharply to $X in 2022 estimated in export price. In general, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Nails And Tacks Exports

Exports in MENA

In 2022, overseas shipments of nails, tacks, drawing pins, corrugated nails, staples increased by X% to X tons, rising for the sixth consecutive year after three years of decline. Total exports indicated a moderate increase from 2012 to 2022: its volume 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.

In value terms, nails and tacks exports surged to $X in 2022. Overall, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X tons) represented the largest exporter of nails, tacks, drawing pins, corrugated nails, staples, comprising X% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Iran (X tons), together making up a X% share of total exports.

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

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iran ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Iran, 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Nails And Tacks Imports

Imports in MENA

In 2022, nails and tacks imports in MENA rose remarkably to X tons, picking up by X% on 2021 figures. Overall, imports, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nails and tacks imports expanded notably to $X in 2022. In general, imports, however, continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons), distantly followed by Egypt (X tons), the United Arab Emirates (X tons), Morocco (X tons), Israel (X tons), Iran (X tons) and Tunisia (X tons) represented the key importers of nails, tacks, drawing pins, corrugated nails, staples, together creating X% of total imports. Jordan (X tons), Algeria (X tons), Iraq (X tons) and Lebanon (X tons) held a minor share of total imports.

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

In value terms, Turkey ($X), Egypt ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Israel, Morocco, Tunisia, Jordan, Iran, Algeria, Iraq and Lebanon lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Algeria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2018; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Jordan ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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