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South Africa - Nails, Tacks, Staples, Screws And Bolts - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

South Africa - Nails, Tacks, Staples, Screws And Bolts - Market Analysis, Forecast, Size, Trends and Insights

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Aug 1, 2023

South Africa Sees 12% Surge in Nail and Bolt Prices, Averaging $3,873 per Ton Following Two Consecutive Months of Growth

South Africa Nail And Bolt Import Price in May 2023

In May 2023, the nail and bolt price stood at $3,873 per ton (CIF, South Africa), growing by 12% against the previous month. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in April 2023 an increase of 10,417% against the previous month. Over the period under review, average import prices reached the maximum at $4,220 per ton in February 2023; however, from March 2023 to May 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($16,948 per ton), while the price for the Philippines ($1,691 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by India (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Nail And Bolt in South Africa (USD per ton)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
United States23,19224,32927,4299,51725,97325,26725,88629,00321,12723,37121,75819,35016,948
Germany6,2919,92612,0459,98310,92713,13210,8668,78310,12011,8767,51414,67411,124
Italy7,80312,71011,67310,85012,99914,66212,87012,44711,47812,81811,69515,37910,034
Thailand9,75415,7559,8856,0298,89218,5706,7606,50516,43117,32914,42315,7509,425
Taiwan (Chinese)2,2525,4155,0435,7022,6344,0155,5916,2104,5985,5046,7501,6095,404
India6812,1103,3394,41012,9061,2693,3914,9414,2404,9943,9843,7804,922
Turkey4,7997,1351,7223,1961,3283,1677,0414,9565,0869,8416,6743,3512,279
China1,3051,4081,8122,1411,8231,8301,9631,1411,8561,9141,8591,9361,840
Philippines1,9691,6401,9471,4521,88216,5031,9791,7381,6491,8902,82521,5641,691
Average2,0842,8703,3113,3883,2193,8103,7752,6233,4914,22033.03,4673,873

South Africa Nail And Bolt Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was nails, tacks, drawing pins, staples (not those of heading no. 8305) and the like, of copper or iron or steel with heads of copper; screws bolts, nuts, screws hooks, rivets, cotters, washers of copper ($15,473 per ton), while the price for nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper ($1,095 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel (+6.0%), while the prices for the other products experienced more modest paces of growth.

South Africa Nail And Bolt Imports

In May 2023, imports of nails, tacks, staples, screws and bolts into South Africa dropped modestly to 5K tons, approximately equating April 2023. Over the period under review, imports, however, recorded perceptible growth. The growth pace was the most rapid in March 2023 with an increase of 14,361% against the previous month. As a result, imports attained the peak of 544K tons. From April 2023 to May 2023, the growth of imports remained at a somewhat lower figure.

In value terms, nail and bolt imports expanded notably to $19M (IndexBox estimates) in May 2023. Overall, total imports indicated a resilient increase from May 2022 to May 2023: its value increased at an average monthly rate of +7.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2023 figures, imports increased by +20.8% against February 2023 indices. The most prominent rate of growth was recorded in June 2022 with an increase of 146% against the previous month.

South Africa Nail And Bolt Imports by Type

In May 2023, screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel (4.2K tons) constituted the largest type of nail and bolt supplied to South Africa, with a 84% share of total imports. Moreover, screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel exceeded the figures recorded for the second-largest type, nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper (723 tons), sixfold. The third position in this ranking was taken by nails, tacks, drawing pins, staples (not those of heading no. 8305) and the like, of copper or iron or steel with heads of copper; screws bolts, nuts, screws hooks, rivets, cotters, washers of copper (38 tons), with a 0.8% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of the volume of import of screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel amounted to +3.7%. With regard to the other supplied products, the following average monthly rates of growth were recorded: nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper (-2.1% per month) and nails, tacks, drawing pins, staples (not those of heading no. 8305) and the like, of copper or iron or steel with heads of copper; screws bolts, nuts, screws hooks, rivets, cotters, washers of copper (-5.5% per month).

In value terms, screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel ($18M) constituted the largest type of nail and bolt supplied to South Africa, comprising 92% of total imports. The second position in the ranking was taken by nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper ($792K), with a 4.1% share of total imports. It was followed by nails, tacks, drawing pins, staples (not those of heading no. 8305) and the like, of copper or iron or steel with heads of copper; screws bolts, nuts, screws hooks, rivets, cotters, washers of copper, with a 3.1% share.

South Africa Nail And Bolt Imports by Country

In May 2023, China (3.5K tons) constituted the largest supplier of nail and bolt to South Africa, with a 71% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (238 tons), more than tenfold. Germany (210 tons) ranked third in terms of total imports with a 4.2% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of volume from China stood at +11.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: Taiwan (Chinese) (-6.5% per month) and Germany (+8.5% per month).

In value terms, China ($6.5M) constituted the largest supplier of nail and bolt to South Africa, comprising 34% of total imports. The second position in the ranking was held by Germany ($2.3M), with a 12% share of total imports. It was followed by the United States, with a 12% share.

From May 2022 to May 2023, the average monthly rate of growth in terms of value from China totaled +14.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (+13.7% per month) and the United States (+2.4% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nail and bolt market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 25931410 -
  • Prodcom 25931480 -
  • Prodcom 25941113 - Screws, turned from bars, rods, profiles, or wire, of a shank thickness . 6 mm
  • Prodcom 25941115 - Other screws and bolts for fixing railway truck construction material, iron or steel
  • Prodcom 25941117 - Screws and bolts without heads in steel
  • Prodcom 25941123 - Slotted and cross-recessed screws of stainless steel
  • Prodcom 25941125 - Other screws and bolts with heads
  • Prodcom 25941127 - Hexagon socket head screws of stainless steel
  • Prodcom 25941129 - Other hexagon socket head screws
  • Prodcom 25941131 - Stainless steel hexagon bolts with heads
  • Prodcom 25941133 - Iron or steel hexagon bolts with heads, with a tensile strength < .800 MPa (excluding of stainless steel)
  • Prodcom 25941135 - Iron or steel hexagon bolts with heads, with a tensile strength. .800 MPa (excluding of stainless steel)
  • Prodcom 25941139 - Iron or steel bolts with heads (excluding hexagon bolts)
  • Prodcom 25941153 - Iron or steel wood screws
  • Prodcom 25941157 - Iron or steel screw hooks and screw rings
  • Prodcom 25941173 - Stainless steel self-tapping screws (excluding threaded mechanisms used to transmit motion, or to act as an active machinery part)
  • Prodcom 25941175 - Iron or steel self-tapping screws (excluding of stainless steel, t hreaded mechanisms used to transmit motion, or to act as an active machinery part)
  • Prodcom 25941183 - Iron or steel nuts turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm
  • Prodcom 25941185 - Stainless steel nuts (excluding those turned from bars, rods, p rofiles, or wire, of solid section, of a hole diameter . 6 mm)
  • Prodcom 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
  • Prodcom 25941190 - Threaded articles, n.e.c., of iron or steel
  • Prodcom 25941210 - Iron or steel spring washers and other lock washers
  • Prodcom 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
  • Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)
  • Prodcom 25941270 - Iron or steel cotters and cotter-pins and similar non-threaded articles (excluding washers, rivets)
  • Prodcom 25941310 - Washers, rivets, cotters, cotter pins and the like, not threaded, of copper
  • Prodcom 25941340 - Copper screws, bolts and nuts (excluding pointed screw nails, s crew stoppers, threaded mechanisms used to transmit motion/to act as active machinery part, screw hooks, rings)
  • Prodcom 25941370 - Threaded articles of copper, n.e.c.

Country coverage:

  • South Africa

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in South Africa
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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