Middle East: Nails And Tacks Market 2025

Nails And Tacks Market Size in the Middle East

The Middle Eastern nails and tacks market reduced to $X in 2022, falling by -7.7% against the previous year. Overall, consumption, however, saw a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Nails And Tacks Production in the Middle East

In value terms, nails and tacks production fell significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 81%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Nails And Tacks Exports

Exports in the Middle East

In 2022, after two years of growth, there was significant decline in shipments abroad of nails, tacks, drawing pins, corrugated nails, staples, when their volume decreased by -14.9% to X tons. Overall, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 114%. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, nails and tacks exports fell dramatically to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2020 when exports increased by 105%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

Oman (X tons) and Turkey (X tons) prevails in exports structure, together committing 91% of total exports. It was distantly followed by the United Arab Emirates (X tons), generating a 5.3% share of total exports. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +113.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nails and tacks supplying countries in the Middle East were Oman ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for 96% of total exports.

Oman, with a CAGR of +93.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 22%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Iran ($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 (+0.4%), while the other leaders experienced mixed trends in the export price figures.

Nails And Tacks Imports

Imports in the Middle East

In 2022, supplies from abroad of nails, tacks, drawing pins, corrugated nails, staples increased by 0.5% to X tons, rising for the second year in a row after six years of decline. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2014 with an increase of 18%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, nails and tacks imports expanded remarkably to $X in 2022. Overall, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2014 with an increase of 21%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey was the key importing country with an import of about X tons, which amounted to 45% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with an 18% share, followed by Israel (10%), Iran (5%), Jordan (4.8%) and Iraq (4.6%). Kuwait (X tons) followed a long way behind the leaders.

Imports into Turkey decreased at an average annual rate of -3.2% from 2012 to 2022. At the same time, Kuwait (+4.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +4.3% from 2012-2022. By contrast, Israel (-1.2%), Iraq (-2.0%), the United Arab Emirates (-3.4%), Jordan (-3.8%) and Iran (-11.8%) illustrated a downward trend over the same period. While the share of Turkey (+7.8 p.p.), Israel (+3.3 p.p.), the United Arab Emirates (+2.8 p.p.) and Kuwait (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of imports in 2022, with a combined 75% share of total imports. Iran, Jordan, Iraq and Kuwait lagged somewhat behind, together comprising a further 17%.

In terms of the main importing countries, Iraq, with a CAGR of +2.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, rising by 9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2018 when the import price increased by 12%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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