Turkey - Nails, Tacks, Staples, Screws And Bolts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTurkey's Nail and Bolt Exports Drop to $860M in 2023
Turkey Nail And Bolt Exports
In 2023, after two years of growth, there was significant decline in overseas shipments of nails, tacks, staples, screws and bolts, when their volume decreased by -23.2% to 224K tons. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 28%. The exports peaked at 291K tons in 2022, and then fell sharply in the following year.
In value terms, nail and bolt exports declined to $860M (IndexBox estimates) in 2023. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 46%. Over the period under review, the exports reached the peak figure at $929M in 2022, and then contracted in the following year.
| COUNTRY | Export Value of Nail And Bolt in Turkey (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Germany | 91.1 | 115 | 110 | 127 | 159 | 198 | 170 | 149 | 233 | 286 | 280 |
| United States | 14.4 | 19.6 | 33.0 | 29.2 | 37.7 | 49.9 | 62.4 | 61.8 | 98.4 | 101 | 65.9 |
| France | 35.4 | 30.7 | 23.6 | 22.5 | 25.4 | 26.5 | 27.9 | 23.2 | 32.2 | 45.5 | 50.2 |
| Italy | 9.6 | 9.9 | 8.5 | 10.3 | 13.2 | 16.7 | 17.2 | 18.1 | 26.6 | 42.4 | 33.2 |
| Russia | 6.6 | 5.8 | 4.7 | 4.2 | 5.9 | 9.2 | 9.9 | 9.8 | 12.1 | 22.9 | 29.3 |
| Poland | 4.4 | 5.7 | 6.4 | 6.8 | 8.3 | 12.9 | 13.4 | 13.4 | 21.0 | 29.9 | 24.8 |
| Slovakia | 13.5 | 14.7 | 12.5 | 12.0 | 10.2 | 11.9 | 10.9 | 12.5 | 18.5 | 20.6 | 21.3 |
| Spain | 4.2 | 8.6 | 6.9 | 6.4 | 9.9 | 14.6 | 15.9 | 14.3 | 19.1 | 26.5 | 20.6 |
| Others | 151 | 169 | 149 | 160 | 184 | 234 | 234 | 217 | 298 | 354 | 335 |
| Total | 330 | 379 | 354 | 378 | 454 | 574 | 561 | 519 | 759 | 929 | 860 |
Exports by Country
Germany (61K tons) was the main destination for nail and bolt exports from Turkey, accounting for a 27% share of total exports. Moreover, nail and bolt exports to Germany exceeded the volume sent to the second major destination, the United States (30K tons), twofold. The third position in this ranking was held by France (12K tons), with a 5.4% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to Germany amounted to +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.5% per year) and France (+5.9% per year).
In value terms, Germany ($280M) remains the key foreign market for nails, tacks, staples, screws and bolts exports from Turkey, comprising 33% of total exports. The second position in the ranking was taken by the United States ($66M), with a 7.7% share of total exports. It was followed by France, with a 5.8% share.
From 2013 to 2023, the average annual rate of growth in terms of value to Germany stood at +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.4% per year) and France (+3.5% per year).
Exports by Type
Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel (185K tons) was the largest type of nails, tacks, staples, screws and bolts exported from Turkey, accounting for a 83% share of total exports. Moreover, screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel exceeded the volume of the second product type, nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper (38K tons), fivefold. The third position in this ranking was held by aluminium; nails, tacks, staples (other than those of heading no. 8305) screws, bolts, nuts, screw hooks, rivets, cotters, cotter-pins, washers and similar articles (352 tons), with a 0.2% share.
From 2013 to 2023, the average annual rate of growth in terms of the volume of screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel exports stood at +10.2%. With regard to the other exported products, the following average annual rates of growth were recorded: nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper (+1.5% per year) and aluminium; nails, tacks, staples (other than those of heading no. 8305) screws, bolts, nuts, screw hooks, rivets, cotters, cotter-pins, washers and similar articles (-5.6% per year).
In value terms, screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel ($805M) remains the largest type of nails, tacks, staples, screws and bolts exported from Turkey, comprising 94% of total exports. The second position in the ranking was taken by nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper ($44M), with a 5.1% share of total exports. It was followed by nails, tacks, drawing pins, staples (not those of heading no. 8305) and the like, of copper or iron or steel with heads of copper; screws bolts, nuts, screws hooks, rivets, cotters, washers of copper, with a 0.7% share.
From 2013 to 2023, the average annual growth rate of the value of screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel exports stood at +11.0%. With regard to the other exported products, the following average annual rates of growth were recorded: nails, tacks, drawing pins, corrugated nails, staples (not those of heading no. 8305) and the like, of iron or steel, with heads of other material or not, but excluding articles with heads of copper (+2.4% per year) and nails, tacks, drawing pins, staples (not those of heading no. 8305) and the like, of copper or iron or steel with heads of copper; screws bolts, nuts, screws hooks, rivets, cotters, washers of copper (+0.6% per year).
Export Prices by Country
In 2023, the nail and bolt price stood at $3,846 per ton (FOB, Turkey), increasing by 21% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($7,426 per ton), while the average price for exports to the United States ($2,224 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the nail and bolt market in Turkey. 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 25931410 -
- Prodcom 25931480 -
- Prodcom 25941113 - Screws, turned from bars, rods, profiles, or wire, of a shank thickness . 6 mm
- Prodcom 25941115 - Other screws and bolts for fixing railway truck construction material, iron or steel
- Prodcom 25941117 - Screws and bolts without heads in steel
- Prodcom 25941123 - Slotted and cross-recessed screws of stainless steel
- Prodcom 25941125 - Other screws and bolts with heads
- Prodcom 25941127 - Hexagon socket head screws of stainless steel
- Prodcom 25941129 - Other hexagon socket head screws
- Prodcom 25941131 - Stainless steel hexagon bolts with heads
- Prodcom 25941133 - Iron or steel hexagon bolts with heads, with a tensile strength < .800 MPa (excluding of stainless steel)
- Prodcom 25941135 - Iron or steel hexagon bolts with heads, with a tensile strength. .800 MPa (excluding of stainless steel)
- Prodcom 25941139 - Iron or steel bolts with heads (excluding hexagon bolts)
- Prodcom 25941153 - Iron or steel wood screws
- Prodcom 25941157 - Iron or steel screw hooks and screw rings
- Prodcom 25941173 - Stainless steel self-tapping screws (excluding threaded mechanisms used to transmit motion, or to act as an active machinery part)
- Prodcom 25941175 - Iron or steel self-tapping screws (excluding of stainless steel, t hreaded mechanisms used to transmit motion, or to act as an active machinery part)
- Prodcom 25941183 - Iron or steel nuts turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm
- Prodcom 25941185 - Stainless steel nuts (excluding those turned from bars, rods, p rofiles, or wire, of solid section, of a hole diameter . 6 mm)
- Prodcom 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
- Prodcom 25941190 - Threaded articles, n.e.c., of iron or steel
- Prodcom 25941210 - Iron or steel spring washers and other lock washers
- Prodcom 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
- Prodcom 25941250 - Iron or steel rivets (including partly hollow rivets) (excluding tubular or bifurcated rivets for all purposes)
- Prodcom 25941270 - Iron or steel cotters and cotter-pins and similar non-threaded articles (excluding washers, rivets)
- Prodcom 25941310 - Washers, rivets, cotters, cotter pins and the like, not threaded, of copper
- Prodcom 25941340 - Copper screws, bolts and nuts (excluding pointed screw nails, s crew stoppers, threaded mechanisms used to transmit motion/to act as active machinery part, screw hooks, rings)
- Prodcom 25941370 - Threaded articles of copper, n.e.c.
Country coverage:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
