Austria: Nails And Tacks Market 2024

Nails And Tacks Market Size in Austria

The Austrian nails and tacks market soared to $X in 2022, with an increase of 46% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Nails And Tacks Production in Austria

In value terms, nails and tacks production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +42.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by 25%. As a result, production reached the peak level of $X, and then contracted in the following year.

Nails And Tacks Exports

Exports from Austria

In 2022, after three years of growth, there was significant decline in overseas shipments of nails, tacks, drawing pins, corrugated nails, staples, when their volume decreased by -13.5% to X tons. Overall, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. As a result, the exports attained the peak of X tons, and then reduced in the following year.

In value terms, nails and tacks exports totaled $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for nails and tacks exports from Austria, accounting for a 46% share of total exports. Moreover, nails and tacks exports to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +198.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+151.9% per year) and Germany (+52.4% per year).

In value terms, the United States ($X) remains the key foreign market for nails, tacks, drawing pins, corrugated nails, staples exports from Austria, comprising 43% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +164.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+47.0% per year) and France (+140.7% per year).

Export Prices by Country

In 2022, the average nails and tacks export price amounted to $X per ton, picking up by 20% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+5.6%), while the prices for the other major destinations experienced mixed trend patterns.

Nails And Tacks Imports

Imports into Austria

For the fourth consecutive year, Austria recorded decline in supplies from abroad of nails, tacks, drawing pins, corrugated nails, staples, which decreased by -1.5% to X tons in 2022. Over the period under review, imports recorded a mild setback. The growth pace was the most rapid in 2014 when imports increased by 30% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, nails and tacks imports stood at $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 12%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest nails and tacks supplier to Austria, accounting for a 55% share of total imports. Moreover, nails and tacks imports from Hungary exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary totaled +87.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.4% per year) and China (+21.8% per year).

In value terms, the largest nails and tacks suppliers to Austria were Hungary ($X), Germany ($X) and China ($X), with a combined 84% share of total imports. Slovenia and the Czech Republic lagged somewhat behind, together comprising a further 6.8%.

Among the main suppliers, the Czech Republic, with a CAGR of +128.2%, saw the highest rates of growth with regard to 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 nails and tacks import price stood at $X per ton in 2022, growing by 5.5% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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