Czech Republic: Nails And Tacks Market 2024

Nails And Tacks Market Size in the Czech Republic

In 2022, the Czech nails and tacks market increased by 11% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, saw a pronounced decline. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Nails And Tacks Production in the Czech Republic

In value terms, nails and tacks production shrank modestly to $X in 2022 estimated in export price. In general, production, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of 113% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Nails And Tacks Exports

Exports from the Czech Republic

In 2022, shipments abroad of nails, tacks, drawing pins, corrugated nails, staples decreased by -15.4% to X tons, falling for the second year in a row after two years of growth. Overall, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -18.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 20%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, nails and tacks exports declined to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

Germany (X tons), Poland (X tons) and Russia (X tons) were the main destinations of nails and tacks exports from the Czech Republic, with a combined 94% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +28.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for nails, tacks, drawing pins, corrugated nails, staples exports from the Czech Republic, comprising 56% of total exports. The second position in the ranking was taken by Poland ($X), with a 25% share of total exports. It was followed by Russia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+3.2% per year) and Russia (+27.0% per year).

Export Prices by Country

In 2022, the average nails and tacks export price amounted to $X per ton, rising by 6.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 32%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Poland ($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 Slovakia (+3.5%), while the prices for the other major destinations experienced a decline.

Nails And Tacks Imports

Imports into the Czech Republic

In 2022, approx. X tons of nails, tacks, drawing pins, corrugated nails, staples were imported into the Czech Republic; which is down by -13.8% on 2021 figures. Overall, imports saw a noticeable decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, nails and tacks imports reduced dramatically to $X in 2022. Over the period under review, imports showed a perceptible descent. The growth pace was the most rapid in 2021 when imports increased by 20%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and Poland (X tons) were the main suppliers of nails and tacks imports to the Czech Republic, together comprising 57% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nails and tacks suppliers to the Czech Republic were Germany ($X), China ($X) and Japan ($X), with a combined 53% share of total imports. Slovenia, Poland, Italy, Austria and the Netherlands lagged somewhat behind, together accounting for a further 35%.

In terms of the main suppliers, Poland, with a CAGR of +12.9%, recorded the highest growth rate of 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

In 2022, the average nails and tacks import price amounted to $X per ton, declining by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 an increase of 23%. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

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 Japan ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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