Indonesia: Nails And Tacks Market 2025

Nails And Tacks Market Size in Indonesia

The Indonesian nails and tacks market skyrocketed to $X in 2022, surging by 16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate buoyant growth. Nails and tacks consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Nails And Tacks Exports

Exports from Indonesia

In 2022, after two years of growth, there was decline in shipments abroad of nails, tacks, drawing pins, corrugated nails, staples, when their volume decreased by -4.8% to X tons. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 118% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, nails and tacks exports reduced notably to $X in 2022. In general, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 41%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Timor-Leste (X tons) was the main destination for nails and tacks exports from Indonesia, with a 79% share of total exports. Moreover, nails and tacks exports to Timor-Leste exceeded the volume sent to the second major destination, Singapore (X tons), sevenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Timor-Leste was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-1.0% per year) and Taiwan (Chinese) (-6.7% per year).

In value terms, Singapore ($X) emerged as the key foreign market for nails, tacks, drawing pins, corrugated nails, staples exports from Indonesia, comprising 40% of total exports. The second position in the ranking was taken by Timor-Leste ($X), with a 19% share of total exports. It was followed by Taiwan (Chinese), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (-6.3% per year) and Taiwan (Chinese) (-6.8% per year).

Export Prices by Country

The average nails and tacks export price stood at $X per ton in 2022, dropping by -43% against the previous year. Over the period under review, the export price showed a perceptible reduction. The growth pace was the most rapid in 2017 an increase of 71% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 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 Singapore ($X per ton), while the average price for exports to Timor-Leste ($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 the United Arab Emirates (+11.1%), while the prices for the other major destinations experienced mixed trend patterns.

Nails And Tacks Imports

Imports into Indonesia

In 2022, purchases abroad of nails, tacks, drawing pins, corrugated nails, staples increased by 9.6% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 25% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, nails and tacks imports soared to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 48% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of nails and tacks to Indonesia, accounting for a 81% share of total imports. Moreover, nails and tacks imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), ninefold. The third position in this ranking was held by India (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+7.8% per year) and India (+80.3% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Indonesia, comprising 74% of total imports. The second position in the ranking was held by India ($X), with a 7.8% share of total imports. It was followed by Singapore, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+86.4% per year) and Singapore (-2.3% per year).

Import Prices by Country

In 2022, the average nails and tacks import price amounted to $X per ton, with an increase of 9% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 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 Malaysia ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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