Turkey: Nails And Tacks Market 2025

Nails And Tacks Market Size in Turkey

The Turkish nails and tacks market fell to $X in 2022, with a decrease of -8.8% against the previous year. Over the period under review, consumption, however, showed a prominent increase. Nails and tacks consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Nails And Tacks Production in Turkey

In value terms, nails and tacks production reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, showed prominent growth. The growth pace was the most rapid in 2018 with an increase of 83% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Nails And Tacks Exports

Exports from Turkey

In 2022, after six years of growth, there was significant decline in overseas shipments of nails, tacks, drawing pins, corrugated nails, staples, when their volume decreased by -6.1% to X tons. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 13%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, nails and tacks exports reached $X in 2022. In general, total exports indicated a measured increase from 2012 to 2022: its value 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, exports increased by +70.0% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Georgia (X tons) and Serbia (X tons) were the main destinations of nails and tacks exports from Turkey, with a combined 30% share of total exports. Bulgaria, Italy, Iraq, Algeria, Bosnia and Herzegovina, Azerbaijan, Lithuania, Albania, North Macedonia and Cyprus lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +103.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nails and tacks exported from Turkey were the United States ($X), Georgia ($X) and Serbia ($X), together accounting for 30% of total exports.

Among the main countries of destination, the United States, with a CAGR of +89.3%, recorded 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, growing by 11% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 22%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were North Macedonia ($X per ton) and Georgia ($X per ton), while the average price for exports to Lithuania ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Nails And Tacks Imports

Imports into Turkey

In 2022, overseas purchases of nails, tacks, drawing pins, corrugated nails, staples increased by 4% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 21% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, nails and tacks imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Slovenia (X tons), China (X tons) and Italy (X tons) were the main suppliers of nails and tacks imports to Turkey, together comprising 93% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) constituted the largest supplier of nails, tacks, drawing pins, corrugated nails, staples to Turkey, comprising 57% of total imports. The second position in the ranking was taken by China ($X), with a 26% share of total imports. It was followed by Italy, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from Slovenia totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-11.0% per year) and Italy (+13.9% per year).

Import Prices by Country

The average nails and tacks import price stood at $X per ton in 2022, surging by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2021 when the average import price increased by 16%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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