Southern Asia: Nail And Bolt Market 2022

Nail And Bolt Market Size in Southern Asia

The South Asian nail and bolt market reached $X in 2021, picking up by 2.8% against the previous year. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.1% against 2014 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Nail And Bolt Production in Southern Asia

In value terms, nail and bolt production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 66% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Nail And Bolt Exports

Exports in Southern Asia

Nail and bolt exports skyrocketed to X tons in 2021, picking up by 30% on 2020. The total export volume increased at an average annual rate of +6.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 37% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, nail and bolt exports skyrocketed to $X in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 45%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

India dominates exports structure, finishing at X tons, which was near 91% of total exports in 2021. It was distantly followed by Sri Lanka (X tons), constituting a 9.1% share of total exports.

Exports from India increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, Sri Lanka (+78.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +78.0% from 2012-2021. From 2012 to 2021, the share of Sri Lanka increased by +9 percentage points.

In value terms, India ($X) remains the largest nail and bolt supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 6.1% share of total exports.

In India, nail and bolt exports increased at an average annual rate of +3.9% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, reducing by -3.9% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2018 when the export price increased by 9%. Over the period under review, the export prices hit record highs 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 India ($X per ton), while Sri Lanka amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.7%).

Nail And Bolt Imports

Imports in Southern Asia

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 59% to X tons. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, 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.

In value terms, nail and bolt imports skyrocketed to $X in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 35%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

India dominates imports structure, accounting for X tons, which was near 80% of total imports in 2021. Bangladesh (X tons) took the second position in the ranking, followed by Pakistan (X tons) and Sri Lanka (X tons). All these countries together took near 15% share of total imports. Nepal (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to nail and bolt imports into India stood at +6.4%. At the same time, Bangladesh (+14.7%), Nepal (+10.4%), Sri Lanka (+4.3%) and Pakistan (+1.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +14.7% from 2012-2021. From 2012 to 2021, the share of Bangladesh increased by +2.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported nails, tacks, staples, screws and bolts in Southern Asia, comprising 84% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 5% share of total imports. It was followed by Sri Lanka, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +1.9%. In the other countries, the average annual rates were as follows: Bangladesh (+14.4% per year) and Sri Lanka (+6.1% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, with a decrease of -16.4% against the previous year. Overall, the import price saw a noticeable slump. The most prominent rate of growth was recorded in 2014 an increase of 23% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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