Portugal: Nails And Tacks Market 2024

Nails And Tacks Market Size in Portugal

In 2022, the Portuguese nails and tacks market increased by 5.4% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Nails and tacks consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Nails And Tacks Production in Portugal

In value terms, nails and tacks production declined rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 6,729%. As a result, production reached the peak level of $X, and then shrank sharply in the following year.

Nails And Tacks Exports

Exports from Portugal

In 2022, shipments abroad of nails, tacks, drawing pins, corrugated nails, staples increased by 13% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports continue to indicate mild growth. The most prominent rate of growth was recorded in 2016 with an increase of 184%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nails and tacks exports rose markedly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 138%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for nails and tacks exports from Portugal, accounting for a 36% share of total exports. Moreover, nails and tacks exports to Spain exceeded the volume sent to the second major destination, Angola (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-8.0% per year) and Germany (+117.8% per year).

In value terms, the largest markets for nails and tacks exported from Portugal were Spain ($X), Angola ($X) and Germany ($X), with a combined 61% share of total exports. The UK, Cabo Verde, Belgium, Italy and Australia lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Italy, with a CAGR of +205.0%, 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

In 2022, the average nails and tacks export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price recorded a slight reduction. The most prominent rate of growth was recorded in 2014 an increase of 32%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Spain ($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 (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nails And Tacks Imports

Imports into Portugal

In 2022, supplies from abroad of nails, tacks, drawing pins, corrugated nails, staples was finally on the rise to reach X tons after three years of decline. In general, total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -24.7% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, nails and tacks imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +2.4% 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 2016 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and China (X tons) were the main suppliers of nails and tacks imports to Portugal, with a combined 77% share of total imports. The Netherlands, Slovenia, Germany and France lagged somewhat behind, together comprising a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +509.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nails and tacks suppliers to Portugal were Italy ($X), Spain ($X) and China ($X), with a combined 75% share of total imports. The Netherlands, France, Slovenia and Germany lagged somewhat behind, together comprising a further 21%.

In terms of the main suppliers, Slovenia, with a CAGR of +326.5%, 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 more modest paces of growth.

Import Prices by Country

The average nails and tacks import price stood at $X per ton in 2022, with an increase of 7.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :