Australia: Nail And Bolt Market 2024

Nail And Bolt Market Size in Australia

In 2021, the Australian nail and bolt market increased by 34% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded a mild slump. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Nail And Bolt Exports

Exports from Australia

In 2021, after two years of decline, there was significant growth in overseas shipments of nails, tacks, staples, screws and bolts, when their volume increased by 35% to X tons. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -21.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 57%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, nail and bolt exports soared to $X in 2021. Overall, total exports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Indonesia (X tons), New Zealand (X tons) and China (X tons) were the main destinations of nail and bolt exports from Australia, together comprising 69% of total exports. These countries were followed by the United States, Ghana, Botswana, Cote d'Ivoire, Tanzania, Papua New Guinea and Thailand, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Botswana (with a CAGR of +251.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nail and bolt exported from Australia were Indonesia ($X), New Zealand ($X) and the United States ($X), together comprising 58% of total exports. These countries were followed by China, Papua New Guinea, Ghana, Botswana, Thailand, Tanzania and Cote d'Ivoire, which together accounted for a further 22%.

Botswana, with a CAGR of +115.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average nail and bolt export price amounted to $X per ton, waning by -6.7% against the previous year. Overall, the export price recorded a pronounced decline. The growth pace was the most rapid in 2017 an increase of 25%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Papua New Guinea ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Thailand (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Australia

In 2021, purchases 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. Over the period under review, imports, however, showed a perceptible contraction. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, nail and bolt imports soared to $X in 2021. The total import value increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nail and bolt to Australia, accounting for a 51% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The United States (X tons) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.7% per year) and the United States (+5.8% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, staples, screws and bolts to Australia, comprising 46% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.9% per year) and the United States (-0.3% per year).

Import Prices by Country

In 2021, the average nail and bolt import price amounted to $X per ton, with a decrease of -11.1% against the previous year. Over the period under review, the import price, however, recorded strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 75%. The import price peaked at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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