Belgium: Nails And Tacks Market 2025

Nails And Tacks Market Size in Belgium

In 2022, the Belgian nails and tacks market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Nails And Tacks Production in Belgium

In value terms, nails and tacks production fell to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 1,993% against the previous year. Nails and tacks production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Nails And Tacks Exports

Exports from Belgium

In 2022, overseas shipments of nails, tacks, drawing pins, corrugated nails, staples decreased by -29% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, nails and tacks exports dropped significantly to $X in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 25%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of nails and tacks exports from Belgium, together comprising 62% of total exports. Germany, Poland, the UK and Spain lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +2.9%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), the Netherlands ($X) and Italy ($X) appeared to be the largest markets for nails and tacks exported from Belgium worldwide, together comprising 64% of total exports. Poland, Germany, the UK and Spain lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Poland, with a CAGR of +1.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average nails and tacks export price amounted to $X per ton, growing by 3.1% against the previous year. In general, the export price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 9.5%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 Italy (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Nails And Tacks Imports

Imports into Belgium

In 2022, the amount of nails, tacks, drawing pins, corrugated nails, staples imported into Belgium reduced rapidly to X tons, dropping by -26% against the previous year. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, nails and tacks imports fell significantly to $X in 2022. In general, imports showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of nails and tacks to Belgium, with a 70% share of total imports. Moreover, nails and tacks imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was taken by Germany (X tons), with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.7% per year) and Germany (-3.3% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Belgium, comprising 52% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-13.8% per year) and Germany (-3.5% per year).

Import Prices by Country

In 2022, the average nails and tacks import price amounted to $X per ton, growing by 3.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Spain ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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