Nail And Bolt Prices in China

China Nail And Bolt Export Price in September 2022

In September 2022, the nail and bolt price stood at $2,812 per ton (FOB, China), increasing by 1.7% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in February 2022 an increase of 4.8% against the previous month. Over the period under review, the average export prices hit record highs in September 2022.

There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was Vietnam ($4,381 per ton), while the average price for exports to Russia ($1,705 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

China Nail And Bolt Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In September 2022, 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 ($19.4 per kg), while the average price for exports of 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 ($2,209 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: 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 (+2.7%), while the prices for the other products experienced more modest paces of growth.

China Nail And Bolt Exports

In September 2022, shipments abroad of nails, tacks, staples, screws and bolts decreased by -8.7% to 408K tons, falling for the second month in a row after three months of growth. Overall, exports showed a pronounced setback. The pace of growth was the most pronounced in March 2022 with an increase of 39% m-o-m. The exports peaked at 542K tons in January 2022; however, from February 2022 to September 2022, the exports stood at a somewhat lower figure.

In value terms, nail and bolt exports declined to $1.1B (IndexBox estimates) in September 2022. Over the period under review, exports saw a mild descent. The most prominent rate of growth was recorded in March 2022 when exports increased by 42% month-to-month. Over the period under review, the exports attained the peak figure at 1.4M tons in July 2022; however, from August 2022 to September 2022, the exports remained at a lower figure.

China Nail And Bolt Exports by Type

Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel (326K tons) was the largest type of nail and bolt exported from China, with a 80% share of total exports. 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 volume of the second product 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 (80K tons), fourfold. The third position in this ranking was taken by aluminium; nails, tacks, staples (other than those of heading no. 8305) screws, bolts, nuts, screw hooks, rivets, cotters, cotter-pins, washers and similar articles (1.1K tons), with a 0.3% share.

From January 2022 to September 2022, the average monthly growth rate of the volume of export of screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel stood at -3.3%. With regard to the other exported 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 (-4.3% per month) and aluminium; nails, tacks, staples (other than those of heading no. 8305) screws, bolts, nuts, screw hooks, rivets, cotters, cotter-pins, washers and similar articles (-1.0% 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 ($941M) remains the largest type of nail and bolt exported from China, comprising 82% of total exports. The second position in the ranking was held 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 ($176M), with a 15% share of total exports. 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 1.3% share.

From January 2022 to September 2022, the average monthly growth rate of the export volume of screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel stood at -1.6%. With regard to the other exported 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 (-1.8% 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 (-2.2% per month).

China Nail And Bolt Exports by Country

The United States (64K tons) was the main destination for nail and bolt exports from China, with a 16% share of total exports. Moreover, nail and bolt exports to the United States exceeded the volume sent to the second major destination, Russia (24K tons), threefold. Japan (18K tons) ranked third in terms of total exports with a 4.4% share.

From January 2022 to September 2022, the average monthly growth rate of volume to the United States stood at -3.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (-6.1% per month) and Japan (-3.0% per month).

In value terms, the United States ($162M) remains the key foreign market for nail and bolt exports from China, comprising 14% of total exports. The second position in the ranking was taken by South Korea ($63M), with a 5.5% share of total exports. It was followed by Germany, with a 4.4% share.

From January 2022 to September 2022, the average monthly growth rate of value to the United States totaled -2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: South Korea (+4.1% per month) and Germany (-4.2% per month).

Source: IndexBox Market Intelligence Platform