Argentina: Nail And Bolt Market 2024

Nail And Bolt Market Size in Argentina

In 2021, after two years of decline, there was significant growth in the Argentinian nail and bolt market, when its value increased by 82% to $X. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Nail And Bolt Exports

Exports from Argentina

After four years of growth, overseas shipments of nails, tacks, staples, screws and bolts decreased by -25.5% to X tons in 2021. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, nail and bolt exports contracted to $X in 2021. Over the period under review, exports showed a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uruguay (X tons), Brazil (X tons) and Canada (X tons) were the main destinations of nail and bolt exports from Argentina, with a combined 75% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +25.4%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for nails, tacks, staples, screws and bolts exports from Argentina, comprising 41% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 17% share of total exports. It was followed by Chile, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to Brazil amounted to -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-6.9% per year) and Chile (-4.8% per year).

Export Prices by Country

In 2021, the average nail and bolt export price amounted to $X per ton, with an increase of 17% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2013 an increase of 18%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Nail And Bolt Imports

Imports into Argentina

In 2021, supplies from abroad of nails, tacks, staples, screws and bolts was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. 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 surged to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Brazil (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of nail and bolt imports to Argentina, together accounting for 77% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nail and bolt suppliers to Argentina were China ($X), Brazil ($X) and Thailand ($X), together accounting for 55% of total imports.

Among the main suppliers, China, with a CAGR of +7.1%, saw 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

The average nail and bolt import price stood at $X per ton in 2021, with an increase of 4% against the previous year. Overall, the import price, however, recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 an increase of 12%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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