Spain: Nails And Tacks Market 2025

Nails And Tacks Market Size in Spain

The Spanish nails and tacks market reduced to $X in 2022, waning by -6.1% against the previous year. Over the period under review, consumption showed a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Nails And Tacks Production in Spain

In value terms, nails and tacks production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by 33% against the previous year. As a result, production attained the peak level of $X, and then contracted in the following year.

Nails And Tacks Exports

Exports from Spain

In 2022, overseas shipments of nails, tacks, drawing pins, corrugated nails, staples increased by 0.8% to X tons, rising for the eighth consecutive year after two years of decline. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +108.5% against 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nails and tacks exports shrank slightly to $X in 2022. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 43%. As a result, the exports reached the peak of $X, and then fell modestly in the following year.

Exports by Country

Portugal (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of nails and tacks exports from Spain, with a combined 46% share of total exports. Germany, the UK, Italy, Morocco, Australia, Romania, the Czech Republic, Canada, Slovakia and El Salvador lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the biggest increases were recorded for El Salvador (with a CAGR of +125.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nails and tacks exported from Spain were France ($X), Portugal ($X) and the Netherlands ($X), together comprising 45% of total exports. Italy, Germany, the UK, Australia, Morocco, Canada, Romania, Slovakia, the Czech Republic and El Salvador lagged somewhat behind, together accounting for a further 38%.

El Salvador, with a CAGR of +188.7%, saw 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 more modest paces of growth.

Export Prices by Country

The average nails and tacks export price stood at $X per ton in 2022, declining by -2.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 28%. The export price peaked at $X per ton in 2014; however, from 2015 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 Italy ($X per ton), while the average price for exports to Morocco ($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 El Salvador (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Nails And Tacks Imports

Imports into Spain

In 2022, overseas purchases of nails, tacks, drawing pins, corrugated nails, staples increased by 4.9% to X tons, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, nails and tacks imports totaled $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 36%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest nails and tacks supplier to Spain, accounting for a 61% share of total imports. Moreover, nails and tacks imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.2% per year) and Italy (-10.2% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Spain, comprising 53% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.8% per year) and Italy (-9.0% per year).

Import Prices by Country

In 2022, the average nails and tacks import price amounted to $X per ton, with an increase of 7.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 7.7% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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