Morocco: Nails And Tacks Market 2025

Nails And Tacks Market Size in Morocco

The Moroccan nails and tacks market stood at $X in 2022, picking up by 5% 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). The market value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Nails And Tacks Exports

Exports from Morocco

In 2022, nails and tacks exports from Morocco shrank dramatically to X kg, dropping by -95% compared with the previous year's figure. In general, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 3,496% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, nails and tacks exports contracted remarkably to $X in 2022. Overall, exports faced a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 893%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mauritania (X kg), China (X kg) and Kenya (X kg) were the main destinations of nails and tacks exports from Morocco, together comprising 49% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +164.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Burkina Faso ($X) emerged as the key foreign market for nails, tacks, drawing pins, corrugated nails, staples exports from Morocco, comprising 56% of total exports. The second position in the ranking was held by Mauritania ($X), with a 15% share of total exports. It was followed by Germany, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritania (-25.3% per year) and Germany (-14.9% per year).

Export Prices by Country

The average nails and tacks export price stood at $X per ton in 2022, growing by 6.9% against the previous year. Overall, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of 396%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 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 Burkina Faso ($X per ton), while the average price for exports to Switzerland ($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 Senegal (+47.9%), while the prices for the other major destinations experienced mixed trend patterns.

Nails And Tacks Imports

Imports into Morocco

In 2022, nails and tacks imports into Morocco surged to X tons, with an increase of 18% on 2021 figures. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +14.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, nails and tacks imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest nails and tacks supplier to Morocco, accounting for a 69% share of total imports. Moreover, nails and tacks imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was taken by Italy (X tons), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+13.7% per year) and Italy (-4.7% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Morocco, comprising 50% of total imports. The second position in the ranking was taken by Spain ($X), with a 19% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.9% per year) and Italy (-2.4% per year).

Import Prices by Country

The average nails and tacks import price stood at $X per ton in 2022, declining by -13.5% against the previous year. Overall, the import price showed a noticeable setback. The pace of growth was the most pronounced in 2013 when the average import price increased by 8.6%. As a result, import price attained 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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