South Africa: Nails And Tacks Market 2025

Nails And Tacks Market Size in South Africa

The South African nails and tacks market reduced to $X in 2022, waning by -8.6% 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). Over the period under review, consumption saw a pronounced descent. Nails and tacks consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Nails And Tacks Exports

Exports from South Africa

In 2022, shipments abroad of nails, tacks, drawing pins, corrugated nails, staples increased by 13% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2017 when exports increased by 47%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nails and tacks exports dropped modestly to $X in 2022. Over the period under review, exports, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Namibia (X tons), Zimbabwe (X tons) and Botswana (X tons) were the main destinations of nails and tacks exports from South Africa, with a combined 70% share of total exports. Mali, Zambia, Swaziland, Lesotho and Israel lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mali (with a CAGR of +86.5%), while the other leaders experienced mixed trend patterns.

In value terms, Namibia ($X), Botswana ($X) and Zimbabwe ($X) appeared to be the largest markets for nails and tacks exported from South Africa worldwide, together accounting for 71% of total exports. Mali, Zambia, Swaziland, Lesotho and Israel lagged somewhat behind, together accounting for a further 19%.

Mali, with a CAGR of +63.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average nails and tacks export price stood at $X per ton in 2022, dropping by -12.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 32%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Botswana ($X per ton), while the average price for exports to Israel ($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 Lesotho (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Nails And Tacks Imports

Imports into South Africa

In 2022, imports of nails, tacks, drawing pins, corrugated nails, staples into South Africa shrank to X tons, dropping by -13.1% on 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, nails and tacks imports dropped slightly to $X in 2022. Overall, imports saw a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by 51%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest nails and tacks supplier to South Africa, with a 89% share of total imports. Moreover, nails and tacks imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+5.0% per year) and India (+12.1% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to South Africa, comprising 74% of total imports. The second position in the ranking was held by Slovenia ($X), with an 11% share of total imports. It was followed by India, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+7.6% per year) and India (+13.1% per year).

Import Prices by Country

In 2022, the average nails and tacks import price amounted to $X per ton, surging by 11% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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