Report Update: May 1, 2024

Kenya - Nails, Tacks, Drawing Pins, Corrugated Nails, Staples - Market Analysis, Forecast, Size, Trends And Insights

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Nails and Tacks Price in Kenya - 2021

Nails and Tacks Price in Kenya (CIF) - 2022

The average nails and tacks import price stood at $3,787 per ton in 2022, picking up by 6.5% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nails and tacks import price decreased by -5.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $4,001 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,594 per ton), while the price for Slovenia ($2,727 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Nails and Tacks Price in Kenya (FOB) - 2022

In 2022, the average nails and tacks export price amounted to $3,759 per ton, which is down by -10.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 47% against the previous year. Over the period under review, the average export prices attained the maximum at $4,999 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 the United States ($74,438 per ton), while the average price for exports to Democratic Republic of the Congo ($245 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 the United States (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Nails and Tacks Imports in Kenya

Nails and tacks imports into Kenya contracted significantly to 673 tons in 2022, waning by -18.6% against 2021. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 53%.

In value terms, nails and tacks imports shrank to $2.5M in 2022. In general, imports saw a pronounced slump. The pace of growth was the most pronounced in 2021 when imports increased by 36%. As a result, imports reached the peak of $2.9M, and then shrank in the following year.

Import of Nails and Tacks in Kenya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	855	620	1,269	1,560	22.2%
India	928	602	900	654	-11.0%
Slovenia	96.8	33.5	101	66.1	-11.9%
Taiwan (Chinese)	71.8	240	154	42.6	-16.0%
Italy	99.9	35.7	73.7	20.3	-41.2%
Turkey	417	208	55.1	16.1	-66.2%
United Arab Emirates	140	144	27.0	15.5	-52.0%
Others	327	276	360	175	-18.8%
Total	2,934	2,159	2,940	2,550	-4.6%

Top Suppliers of Nails and Tacks to Kenya in 2022:

China (339.6 tons)
India (237.5 tons)
Slovenia (24.2 tons)
Taiwan (Chinese) (11.2 tons)
Italy (7.1 tons)
Turkey (4.8 tons)
United Arab Emirates (2.2 tons)

Nails and Tacks Exports in Kenya

In 2022, overseas shipments of nails, tacks, drawing pins, corrugated nails, staples decreased by -0.1% to 5.3 tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +12.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 48%. As a result, the exports reached the peak of 5.5 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, nails and tacks exports reduced to $20K in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 117%.

Export of Nails and Tacks in Kenya (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Uganda	3.0	2.6	11.4	10.4	51.3%
Ethiopia	1.3	6.7	1.5	4.1	46.6%
Tanzania	0.3	0.2	1.2	1.2	58.7%
United States	0.9	1.1	0.6	1.2	10.1%
South Sudan	0.1	0.2	0.7	0.7	91.3%
Democratic Republic of the Congo	0.1	0.4	0.1	0.3	44.2%
Lesotho	1.0	1.4	N/A	N/A	40.0%
Jordan	N/A	3.2	N/A	N/A	0%
Others	1.4	2.0	6.8	2.2	16.3%
Total	8.2	17.8	22.4	20.1	34.8%

Top Export Markets for Nails and Tacks from Kenya in 2022:

Uganda (2628.0 kg)
Democratic Republic of the Congo (1221.0 kg)
Ethiopia (789.0 kg)
Tanzania (391.0 kg)
South Sudan (131.0 kg)
United States (16.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nails and tacks market in Kenya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25931400 - Nails, tacks, drawing pins, corrugated nails, staples (other than those of HS
Prodcom 25992330 - Base metal fittings for loose-leaf binders or files
Prodcom 25992350 - Base metal staples in strips for use in offices, upholstery and packaging
Prodcom 25992370 - Office articles such as letter clips, letter corners... of base metal

Country coverage:

Kenya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kenya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023