China: Nail And Bolt Market 2024

Nail And Bolt Market Size in China

The Chinese nail and bolt market contracted to $X in 2021, declining by -12.6% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Nail And Bolt Production in China

In value terms, nail and bolt production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Nail And Bolt Exports

Exports from China

In 2021, shipments abroad of nails, tacks, staples, screws and bolts was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 200%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, nail and bolt exports skyrocketed to $X in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.4% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for nail and bolt exports from China, with a 5.8% share of total exports. Moreover, nail and bolt exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fourfold. The third position in this ranking was held by Canada (X tons), with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.4% per year) and Canada (+3.3% per year).

In value terms, the United States ($X) remains the key foreign market for nails, tacks, staples, screws and bolts exports from China, comprising 3.2% of total exports. The second position in the ranking was held by Japan ($X), with a 0.9% share of total exports. It was followed by Canada, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+1.2% per year) and Canada (+4.0% per year).

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2021, picking up by 9.5% against the previous year. Over the period under review, the export price showed a moderate increase. The pace of growth was the most pronounced in 2016 an increase of 162%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Myanmar ($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 the Philippines (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into China

In 2021, purchases abroad of nails, tacks, staples, screws and bolts increased by 14% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, nail and bolt imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations 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, Germany (X tons) constituted the largest nail and bolt supplier to China, accounting for a 0.1% share of total imports. Moreover, nail and bolt imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.3% per year) and South Korea (+1.5% per year).

In value terms, the United States ($X) constituted the largest supplier of nails, tacks, staples, screws and bolts to China, comprising 0.2% of total imports. The second position in the ranking was taken by Germany ($X), with a 0.1% share of total imports. It was followed by Japan, with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.3% per year) and Japan (-15.7% per year).

Import Prices by Country

In 2021, the average nail and bolt import price amounted to $X per ton, growing by 3.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 6%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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