Romania: Nails And Tacks Market 2024

Nails And Tacks Market Size in Romania

The Romanian nails and tacks market dropped to $X in 2022, which is down by -11.9% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Production in Romania

In value terms, nails and tacks production dropped significantly to $X in 2022 estimated in export price. In general, production posted pronounced growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by 51%. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Nails And Tacks Exports

Exports from Romania

In 2022, shipments abroad of nails, tacks, drawing pins, corrugated nails, staples increased by 225% to X tons, rising for the second year in a row after six years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 624%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, nails and tacks exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 453%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) was the main destination for nails and tacks exports from Romania, with a 63% share of total exports. Moreover, nails and tacks exports to Italy exceeded the volume sent to the second major destination, Moldova (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at -8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+19.3% per year) and Turkey (+159.6% per year).

In value terms, Italy ($X) emerged as the key foreign market for nails, tacks, drawing pins, corrugated nails, staples exports from Romania, comprising 57% of total exports. The second position in the ranking was held by Moldova ($X), with a 17% share of total exports. It was followed by Turkey, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+16.7% per year) and Turkey (+192.1% per year).

Export Prices by Country

In 2022, the average nails and tacks export price amounted to $X per ton, which is down by -16.6% against the previous year. In general, the export price saw a perceptible slump. The pace of growth was the most pronounced in 2016 an increase of 41%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy ($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 Spain (+13.0%), while the prices for the other major destinations experienced mixed trend patterns.

Nails And Tacks Imports

Imports into Romania

In 2022, the amount of nails, tacks, drawing pins, corrugated nails, staples imported into Romania dropped sharply to X tons, waning by -17.8% compared with the year before. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 -29.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nails and tacks imports reduced to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Poland (X tons), Italy (X tons) and China (X tons) were the main suppliers of nails and tacks imports to Romania, with a combined 62% share of total imports. Germany, Croatia, Hungary, Slovakia, Turkey and Slovenia lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +105.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Germany ($X) constituted the largest nails and tacks suppliers to Romania, together accounting for 56% of total imports. China, Croatia, Hungary, Slovakia, Turkey and Slovenia lagged somewhat behind, together comprising a further 27%.

Slovakia, with a CAGR of +92.3%, saw the highest growth rate of the value of imports, among the main suppliers 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, rising by 6.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 15%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Slovakia ($X per ton), while the price for Croatia ($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 (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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