Iran: Nail And Bolt Market 2025

Nail And Bolt Market Size in Iran

After two years of growth, the Iranian nail and bolt market decreased by -2.2% to $X in 2021. Over the period under review, consumption recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Nail And Bolt Exports

Exports from Iran

In 2021, overseas shipments of nails, tacks, staples, screws and bolts increased by 79% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2017 when exports increased by 130% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, nail and bolt exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a deep setback. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Armenia (X tons), Georgia (X tons) and Azerbaijan (X tons) were the main destinations of nail and bolt exports from Iran, together comprising 79% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of +64.0%), while the other leaders experienced more modest paces of growth.

In value terms, Armenia ($X), Georgia ($X) and Azerbaijan ($X) constituted the largest markets for nail and bolt exported from Iran worldwide, together comprising 57% of total exports.

Among the main countries of destination, Georgia, with a CAGR of +40.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nail and bolt export price stood at $X per ton in 2021, rising by 14% against the previous year. In general, the export price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2014 an increase of 40% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Azerbaijan (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Iran

In 2021, overseas purchases of nails, tacks, staples, screws and bolts decreased by -22.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by 45%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, nail and bolt imports rose remarkably to $X in 2021. In general, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 85% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nail and bolt to Iran, accounting for a 81% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold. Turkey (X tons) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.5% per year) and Turkey (-11.3% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, staples, screws and bolts to Iran, comprising 80% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.4% share of total imports. It was followed by Turkey, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.7% per year) and Turkey (-9.2% per year).

Import Prices by Country

In 2021, the average nail and bolt import price amounted to $X per ton, picking up by 38% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, nail and bolt import price increased by +114.3% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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