Colombia: Nails And Tacks Market 2025

Nails And Tacks Market Size in Colombia

In 2022, the Colombian nails and tacks market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.7% against 2019 indices. Nails and tacks consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Nails And Tacks Exports

Exports from Colombia

In 2022, approx. X tons of nails, tacks, drawing pins, corrugated nails, staples were exported from Colombia; with a decrease of -25.7% against the previous year's figure. In general, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 when exports increased by 98%. As a result, the exports attained the peak of X tons, and then declined markedly in the following year.

In value terms, nails and tacks exports dropped dramatically to $X in 2022. Overall, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 175% against the previous year. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

Mexico (X tons) was the main destination for nails and tacks exports from Colombia, with a 56% share of total exports. Moreover, nails and tacks exports to Mexico exceeded the volume sent to the second major destination, Ecuador (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico stood at +9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+3.9% per year) and the United States (+0.6% per year).

In value terms, Mexico ($X) remains the key foreign market for nails, tacks, drawing pins, corrugated nails, staples exports from Colombia, comprising 55% of total exports. The second position in the ranking was held by Ecuador ($X), with a 13% share of total exports. It was followed by the United States, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Mexico amounted to +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+2.8% per year) and the United States (+2.9% per year).

Export Prices by Country

The average nails and tacks export price stood at $X per ton in 2022, reducing by -8.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 39%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Ecuador ($X per ton), while the average price for exports to El Salvador ($X per ton) and Panama ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nails And Tacks Imports

Imports into Colombia

Nails and tacks imports into Colombia contracted to X tons in 2022, with a decrease of -10.1% against the previous year's figure. In general, imports, however, saw slight growth. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, nails and tacks imports dropped slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 31% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main nails and tacks supplier to Colombia, with a 94% share of total imports. It was followed by Italy (X tons), with a 2.5% share of total imports. Hong Kong SAR (X tons) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+64.9% per year) and Hong Kong SAR (-17.7% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Colombia, comprising 90% of total imports. The second position in the ranking was held by Italy ($X), with a 2.8% share of total imports. It was followed by the United States, with a 1.7% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+45.5% per year) and the United States (-12.0% per year).

Import Prices by Country

The average nails and tacks import price stood at $X per ton in 2022, picking up by 5.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained 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 ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :