Mexico: Nails And Tacks Market 2025

Nails And Tacks Market Size in Mexico

In 2022, the Mexican nails and tacks market increased by 14% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Nails And Tacks Exports

Exports from Mexico

Nails and tacks exports from Mexico expanded slightly to X tons in 2022, rising by 2.5% against the previous year. Overall, exports recorded a tangible expansion. The pace of growth was the most pronounced in 2020 with an increase of 66%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, nails and tacks exports surged to $X in 2022. Over the period under review, exports, however, recorded a mild descent. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for nails and tacks exports from Mexico, with a 93% share of total exports. Moreover, nails and tacks exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. The third position in this ranking was held by El Salvador (X tons), with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-9.2% per year) and El Salvador (-3.1% per year).

In value terms, the United States ($X) remains the key foreign market for nails, tacks, drawing pins, corrugated nails, staples exports from Mexico, comprising 87% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 6.5% share of total exports. It was followed by Costa Rica, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-8.5% per year) and Costa Rica (-10.5% per year).

Export Prices by Country

The average nails and tacks export price stood at $X per ton in 2022, growing by 27% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to the United States ($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 Costa Rica (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Nails And Tacks Imports

Imports into Mexico

Nails and tacks imports into Mexico reduced slightly to X tons in 2022, flattening at the year before. In general, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, nails and tacks imports skyrocketed to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest nails and tacks supplier to Mexico, accounting for a 81% share of total imports. Moreover, nails and tacks imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Mexico, comprising 79% of total imports. The second position in the ranking was taken by the United States ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +2.2%.

Import Prices by Country

In 2022, the average nails and tacks import price amounted to $X per ton, rising by 19% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 20%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.0%).

Source: IndexBox Platform

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