Netherlands: Nails And Tacks Market 2024

Nails And Tacks Market Size in the Netherlands

The Dutch nails and tacks market was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Nails and tacks consumption peaked in 2022 and is likely to see steady growth in years to come.

Nails And Tacks Production in the Netherlands

In value terms, nails and tacks production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2014 with an increase of 53% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Nails And Tacks Exports

Exports from the Netherlands

In 2022, exports of nails, tacks, drawing pins, corrugated nails, staples from the Netherlands fell to X tons, which is down by -14.4% compared with the previous year's figure. Over the period under review, exports showed a pronounced reduction. The growth pace was the most rapid in 2018 when exports increased by 20%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, nails and tacks exports declined to $X in 2022. Overall, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 7.2%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for nails and tacks exports from the Netherlands, accounting for a 62% share of total exports. Moreover, nails and tacks exports to Germany exceeded the volume sent to the second major destination, Denmark (X tons), eightfold. France (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+18.2% per year) and France (-3.3% per year).

In value terms, Germany ($X) remains the key foreign market for nails, tacks, drawing pins, corrugated nails, staples exports from the Netherlands, comprising 34% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-6.9% per year) and Belgium (-0.8% per year).

Export Prices by Country

In 2022, the average nails and tacks export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 21%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Denmark ($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 Italy (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Nails And Tacks Imports

Imports into the Netherlands

In 2022, purchases abroad of nails, tacks, drawing pins, corrugated nails, staples increased by 26% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% 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 +84.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, nails and tacks imports reduced to $X in 2022. In general, imports, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 11% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest nails and tacks supplier to the Netherlands, with a 59% share of total imports. Moreover, nails and tacks imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. The third position in this ranking was held by China (X tons), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.2% per year) and China (-9.9% per year).

In value terms, Germany ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to the Netherlands, comprising 35% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.0% per year) and China (-7.5% per year).

Import Prices by Country

In 2022, the average nails and tacks import price amounted to $X per ton, with a decrease of -24.8% against the previous year. Over the period under review, the import price saw a drastic downturn. The growth pace was the most rapid in 2020 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :