Thailand: Nail And Bolt Market 2025

Nail And Bolt Market Size in Thailand

For the sixth consecutive year, the Thai nail and bolt market recorded decline in sales value, which decreased by -0.5% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Nail And Bolt Production in Thailand

In value terms, nail and bolt production rose notably to $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -41.4% against 2015 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 55%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Nail And Bolt Exports

Exports from Thailand

In 2021, approx. X tons of nails, tacks, staples, screws and bolts were exported from Thailand; picking up by 22% against the previous year. Overall, exports recorded a pronounced expansion. The most prominent rate of growth was recorded in 2020 with an increase of 67% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, nail and bolt exports surged to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for nail and bolt exports from Thailand, accounting for a 26% share of total exports. Moreover, nail and bolt exports to the United States exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold. New Zealand (X tons) ranked third in terms of total exports with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+81.2% per year) and New Zealand (+105.2% per year).

In value terms, the United States ($X) remains the key foreign market for nails, tacks, staples, screws and bolts exports from Thailand, comprising 11% of total exports. The second position in the ranking was taken by Japan ($X), with a 0.6% share of total exports. It was followed by Myanmar, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+4.2% per year) and Myanmar (+71.5% per year).

Export Prices by Country

In 2021, the average nail and bolt export price amounted to $X per ton, increasing by 11% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 111%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nail And Bolt Imports

Imports into Thailand

In 2021, overseas purchases of nails, tacks, staples, screws and bolts increased by 17% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 148% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, nail and bolt imports soared to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of nail and bolt to Thailand, accounting for a 3.6% share of total imports. Moreover, nail and bolt imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-3.4% per year) and Vietnam (+173.4% per year).

In value terms, China ($X) constituted the largest supplier of nails, tacks, staples, screws and bolts to Thailand, comprising 0.7% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-1.7% per year) and Vietnam (+171.6% per year).

Import Prices by Country

The average nail and bolt import price stood at $X per ton in 2021, picking up by 10% against the previous year. In general, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2015 an increase of 214% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :