Estonia: Nails And Tacks Market 2025

Nails And Tacks Market Size in Estonia

The Estonian nails and tacks market declined remarkably to $X in 2022, dropping by -25.8% against the previous year. In general, consumption continues to indicate a perceptible downturn. 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 Estonia

In value terms, nails and tacks production fell to $X in 2022 estimated in export price. Overall, production recorded a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 19%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Nails And Tacks Exports

Exports from Estonia

In 2022, shipments abroad of nails, tacks, drawing pins, corrugated nails, staples was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 175%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, nails and tacks exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a mild contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 130%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Lithuania (X tons), Russia (X tons) and Latvia (X tons) were the main destinations of nails and tacks exports from Estonia, with a combined 98% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +28.4%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Latvia ($X), Russia ($X) and Lithuania ($X) appeared to be the largest markets for nails and tacks exported from Estonia worldwide, together accounting for 93% of total exports.

Among the main countries of destination, Latvia, with a CAGR of +23.8%, saw 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

The average nails and tacks export price stood at $X per ton in 2022, which is down by -28.1% against the previous year. In general, the export price, however, showed a modest increase. The pace of growth appeared the most rapid in 2020 an increase of 94% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then declined remarkably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Lithuania ($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 Latvia (+4.5%), while the prices for the other major destinations experienced mixed trend patterns.

Nails And Tacks Imports

Imports into Estonia

Nails and tacks imports into Estonia declined dramatically to X tons in 2022, dropping by -33.3% on the year before. Over the period under review, imports recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of 25% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, nails and tacks imports contracted dramatically to $X in 2022. Overall, imports saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of nails and tacks to Estonia, accounting for a 35% share of total imports. Moreover, nails and tacks imports from Germany exceeded the figures recorded by the second-largest supplier, Croatia (X tons), twofold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (-5.8% per year) and China (+2.9% per year).

In value terms, Germany ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Estonia, comprising 29% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by India, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.4% per year) and India (+72.8% per year).

Import Prices by Country

In 2022, the average nails and tacks import price amounted to $X per ton, increasing by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, import price reached the peak level and is likely to continue 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 ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform