Greece: Nails And Tacks Market 2025

Nails And Tacks Market Size in Greece

In 2022, the Greek nails and tacks market decreased by -1% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.2% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank in the following year.

Nails And Tacks Production in Greece

In value terms, nails and tacks production expanded slightly to $X in 2022 estimated in export price. In general, production posted a pronounced increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 62% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Nails And Tacks Exports

Exports from Greece

In 2022, exports of nails, tacks, drawing pins, corrugated nails, staples from Greece dropped to X tons, with a decrease of -11.7% on the year before. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 232% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, nails and tacks exports rose slightly to $X in 2022. In general, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 101% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Cyprus (X tons), Bulgaria (X tons) and Italy (X tons) were the main destinations of nails and tacks exports from Greece, together accounting for 68% of total exports. Germany, Turkey, Poland, Portugal and North Macedonia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +131.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nails and tacks exported from Greece were Bulgaria ($X), Cyprus ($X) and Italy ($X), together accounting for 61% of total exports. Poland, Germany, Turkey, North Macedonia and Portugal lagged somewhat behind, together comprising a further 21%.

Poland, with a CAGR of +86.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nails and tacks export price amounted to $X per ton, growing by 16% against the previous year. In general, the export price, however, recorded a abrupt slump. The export price peaked at $X per ton in 2012; however, from 2013 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 Bulgaria ($X per ton), while the average price for exports to Cyprus ($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 North Macedonia (+6.0%), while the prices for the other major destinations experienced a decline.

Nails And Tacks Imports

Imports into Greece

In 2022, the amount of nails, tacks, drawing pins, corrugated nails, staples imported into Greece contracted to X tons, reducing by -11% compared with 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, nails and tacks imports fell to $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

China (X tons), Italy (X tons) and Slovenia (X tons) were the main suppliers of nails and tacks imports to Greece, with a combined 85% share of total imports. Japan, Germany and Turkey lagged somewhat behind, together accounting for a further 9.4%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Slovenia ($X) constituted the largest nails and tacks suppliers to Greece, with a combined 80% share of total imports. Japan, Germany and Turkey lagged somewhat behind, together accounting for a further 12%.

Japan, with a CAGR of +40.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 10% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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