GCC: Nails And Tacks Market 2025

Nails And Tacks Market Size in GCC

The GCC nails and tacks market expanded slightly to $X in 2022, picking up by 3% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Nails And Tacks Production in GCC

In value terms, nails and tacks production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 68%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Nails And Tacks Exports

Exports in GCC

In 2022, shipments abroad of nails, tacks, drawing pins, corrugated nails, staples decreased by -19.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 1,255% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell dramatically in the following year.

In value terms, nails and tacks exports reduced dramatically to $X in 2022. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,132% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell rapidly in the following year.

Exports by Country

Oman dominates exports structure, amounting to X tons, which was near 91% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), constituting a 9% share of total exports.

Oman was also the fastest-growing in terms of the nails, tacks, drawing pins, corrugated nails, staples exports, with a CAGR of +113.8% from 2012 to 2022. The United Arab Emirates (-7.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman increased by +91 percentage points.

In value terms, Oman ($X) remains the largest nails and tacks supplier in GCC, comprising 91% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.5% share of total exports.

In Oman, nails and tacks exports increased at an average annual rate of +93.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, which is down by -5.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 47% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.4%).

Nails And Tacks Imports

Imports in GCC

In 2022, approx. X tons of nails, tacks, drawing pins, corrugated nails, staples were imported in GCC; shrinking by -5.7% on the previous year's figure. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 29%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nails and tacks imports expanded remarkably to $X in 2022. In general, imports showed a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) represented the main importer of nails, tacks, drawing pins, corrugated nails, staples, achieving 72% of total imports. Kuwait (X tons) took the second position in the ranking, distantly followed by Bahrain (X tons) and Oman (X tons). All these countries together took near 25% share of total imports. Qatar (X tons) took a relatively small share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -3.4% from 2012 to 2022. At the same time, Kuwait (+4.3%), Qatar (+2.4%) and Oman (+2.0%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +4.3% from 2012-2022. By contrast, Bahrain (-2.9%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+21 p.p.), Kuwait (+9.3 p.p.), Oman (+3.1 p.p.), Bahrain (+1.9 p.p.) and Qatar (+1.6 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported nails, tacks, drawing pins, corrugated nails, staples in GCC, comprising 80% of total imports. The second position in the ranking was held by Kuwait ($X), with an 8.2% share of total imports. It was followed by Bahrain, with a 4.7% share.

In the United Arab Emirates, nails and tacks imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (-0.2% per year) and Bahrain (-5.0% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, surging by 15% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price 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, nails and tacks import price decreased by -20.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Kuwait ($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 Arab Emirates (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform