Bulgaria: Nails And Tacks Market 2025

Nails And Tacks Market Size in Bulgaria

In 2022, the Bulgarian nails and tacks market decreased by -10.8% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, recorded buoyant growth. Nails and tacks consumption peaked at $X in 2021, and then dropped in the following year.

Nails And Tacks Production in Bulgaria

In value terms, nails and tacks production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 205% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then fell notably in the following year.

Nails And Tacks Exports

Exports from Bulgaria

In 2022, shipments abroad of nails, tacks, drawing pins, corrugated nails, staples decreased by -15.6% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by 1,568%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nails and tacks exports declined to $X in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2019 with an increase of 939%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Serbia (X tons), North Macedonia (X tons) and Romania (X tons) were the main destinations of nails and tacks exports from Bulgaria, together comprising 65% of total exports. Morocco, Greece, France, Moldova and Turkey lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +91.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nails and tacks exported from Bulgaria were Serbia ($X), North Macedonia ($X) and Romania ($X), with a combined 63% share of total exports. Morocco, France, Greece, Moldova and Turkey lagged somewhat behind, together accounting for a further 13%.

In terms of the main countries of destination, France, with a CAGR of +110.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nails and tacks export price stood at $X per ton in 2022, increasing by 9.1% against the previous year. Overall, the export price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 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 France ($X per ton), while the average price for exports to Turkey ($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 Morocco (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nails And Tacks Imports

Imports into Bulgaria

In 2022, after two years of growth, there was significant decline in supplies from abroad of nails, tacks, drawing pins, corrugated nails, staples, when their volume decreased by -9.5% to X tons. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, nails and tacks imports reached $X in 2022. In general, imports, however, saw a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 36%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest nails and tacks supplier to Bulgaria, with a 53% share of total imports. Moreover, nails and tacks imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.9% per year) and Germany (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Bulgaria, comprising 41% of total imports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total imports. It was followed by Greece, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.3% per year) and Greece (+23.4% per year).

Import Prices by Country

The average nails and tacks import price stood at $X per ton in 2022, with an increase of 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 22%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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