Scandinavia: Nail And Bolt Market 2022

Nail And Bolt Market Size in Scandinavia

In 2021, the Scandinavia nail and bolt market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nail And Bolt Production in Scandinavia

In value terms, nail and bolt production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 4%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Nail And Bolt Exports

Exports in Scandinavia

In 2021, nail and bolt exports in Scandinavia reached X tons, growing by 6.1% compared with 2020 figures. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 9.9%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, nail and bolt exports surged to $X in 2021. The total export 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 being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden (X tons) and Denmark (X tons) were the main exporters of nails, tacks, staples, screws and bolts in 2021, recording near 40% and 40% of total exports, respectively. It was distantly followed by Finland (X tons) and Norway (X tons), together creating a 20% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Denmark (with a CAGR of +3.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nail and bolt supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), together accounting for 93% of total exports.

Denmark, with a CAGR of +4.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, picking up by 15% against the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.3%), while the other leaders experienced more modest paces of growth.

Nail And Bolt Imports

Imports in Scandinavia

After two years of decline, purchases abroad of nails, tacks, staples, screws and bolts increased by 10% to X tons in 2021. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, nail and bolt imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons) and Denmark (X tons) represented roughly 70% of total imports in 2021. Finland (X tons) held the next position in the ranking, followed by Norway (X tons). All these countries together held approx. 29% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +3.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nail and bolt importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 84% of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +3.8%, recorded the highest growth rate of 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

In 2021, the import price in Scandinavia amounted to $X per ton, with an increase of 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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