Middle East's Nails, Tacks, Staples, Screws and Bolts Market Expected to Grow at CAGR of +3.0% - News and Statistics - IndexBox

Mar 08, 2025

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IndexBox has just published a new report: Middle East - Nails, Tacks, Staples, Screws And Bolts - Market Analysis, Forecast, Size, Trends and Insights.

The Middle East market for nails, tacks, staples, screws, and bolts is expected to see continued growth, with a projected increase in market volume to 810K tons and market value to $4.6B by the end of 2035. The market is forecasted to expand with an anticipated CAGR of +3.0% in volume and +3.8% in value from 2024 to 2035.

Driven by increasing demand for nails, tacks, staples, screws and bolts in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.0% for the period from 2024 to 2035, which is projected to bring the market volume to 810K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2024 to 2035, which is projected to bring the market value to $4.6B (in nominal wholesale prices) by the end of 2035.

In 2024, consumption of nails, tacks, staples, screws and bolts increased by 9.6% to 585K tons, rising for the third consecutive year after two years of decline. The total consumption indicated a pronounced expansion from 2013 to 2024: its volume increased at an average annual rate of +2.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +76.1% against 2021 indices. Over the period under review, consumption reached the maximum volume in 2024 and is expected to retain growth in the near future.

The size of the nail and bolt market in the Middle East contracted remarkably to $3.1B in 2024, reducing by -23.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a buoyant expansion. Over the period under review, the market reached the maximum level at $4.9B in 2021; however, from 2022 to 2024, consumption stood at a somewhat lower figure.

The countries with the highest volumes of consumption in 2024 were Saudi Arabia (186K tons), Turkey (117K tons) and the United Arab Emirates (100K tons), with a combined 69% share of total consumption.

From 2013 to 2024, the biggest increases were recorded for Turkey (with a CAGR of +12.8%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($1.5B) led the market, alone. The second position in the ranking was held by Saudi Arabia ($514M). It was followed by the United Arab Emirates.

In Turkey, the nail and bolt market expanded at an average annual rate of +12.1% over the period from 2013-2024. In the other countries, the average annual rates were as follows: Saudi Arabia (+0.7% per year) and the United Arab Emirates (+2.0% per year).

The countries with the highest levels of nail and bolt per capita consumption in 2024 were the United Arab Emirates (9.7 kg per person), Oman (7.5 kg per person) and Saudi Arabia (5.1 kg per person).

From 2013 to 2024, the biggest increases were recorded for Turkey (with a CAGR of +11.5%), while consumption for the other leaders experienced mixed trends in the per capita consumption figures.

In 2024, approx. 337K tons of nails, tacks, staples, screws and bolts were produced in the Middle East; growing by 2.8% against the year before. Over the period under review, production recorded a buoyant increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 73% against the previous year. Over the period under review, production attained the maximum volume at 346K tons in 2022; however, from 2023 to 2024, production failed to regain momentum.

In value terms, nail and bolt production fell remarkably to $1.9B in 2024 estimated in export price. In general, production saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 240% against the previous year. The level of production peaked at $4.3B in 2021; however, from 2022 to 2024, production failed to regain momentum.

Turkey (240K tons) remains the largest nail and bolt producing country in the Middle East, comprising approx. 71% of total volume. Moreover, nail and bolt production in Turkey exceeded the figures recorded by the second-largest producer, Oman (96K tons), twofold.

In Turkey, nail and bolt production increased at an average annual rate of +19.9% over the period from 2013-2024.

Nail and bolt imports soared to 608K tons in 2024, with an increase of 17% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when imports increased by 18%. The volume of import peaked at 664K tons in 2014; however, from 2015 to 2024, imports remained at a lower figure.

In value terms, nail and bolt imports shrank to $2.5B in 2024. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by 31%. Over the period under review, imports reached the maximum at $2.6B in 2023, and then contracted in the following year.

Saudi Arabia (196K tons) and the United Arab Emirates (162K tons) were the largest importers of nails, tacks, staples, screws and bolts in 2024, accounting for approx. 32% and 27% of total imports, respectively. It was distantly followed by Turkey (88K tons), Iraq (40K tons), Iran (36K tons) and Israel (28K tons), together generating a 32% share of total imports. Yemen (10K tons) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Yemen (with a CAGR of +4.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nail and bolt importing markets in the Middle East were Turkey ($737M), the United Arab Emirates ($566M) and Saudi Arabia ($523M), with a combined 74% share of total imports. Israel, Iraq, Iran and Yemen lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Yemen, with a CAGR of +9.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel prevails in imports structure, amounting to 532K tons, which was near 88% of total imports in 2024. It was distantly followed 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 (58K tons), mixing up a 9.5% share of total imports. 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 (14K tons) took a minor share of total imports.

Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel experienced a relatively flat trend pattern with regard to volume of imports. At the same time, 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 (+8.3%) displayed positive paces of growth. Moreover, 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 emerged as the fastest-growing type imported in the Middle East, with a CAGR of +8.3% from 2013-2024. By contrast, 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 (-5.2%) illustrated a downward trend over the same period. From 2013 to 2024, the share of screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel increased by +6.2 percentage points. The shares of the other products remained relatively stable throughout the analyzed period.

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 ($2.2B) constitutes the largest type of nails, tacks, staples, screws and bolts imported in the Middle East, comprising 91% of total imports. 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 ($116M), with a 4.7% share of total imports. 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 2.4% share.

For screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel, imports remained relatively stable over the period from 2013-2024. For the other products, the average annual rates were as follows: 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 (-0.8% 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 (+2.6% per year).

In 2024, the import price in the Middle East amounted to $4,044 per ton, which is down by -19.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 21% against the previous year. Over the period under review, import prices attained the maximum at $5,019 per ton in 2023, and then fell sharply in the following year.

Prices varied noticeably by the product type; the product with the highest price was aluminium; nails, tacks, staples (other than those of heading no. 8305) screws, bolts, nuts, screw hooks, rivets, cotters, cotter-pins, washers and similar articles ($10,146 per ton), while the price for 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 ($2,015 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained 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 (+5.5%), while the other products experienced more modest paces of growth.

The import price in the Middle East stood at $4,044 per ton in 2024, declining by -19.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 21% against the previous year. Over the period under review, import prices hit record highs at $5,019 per ton in 2023, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($8,330 per ton), while Iran ($2,257 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Iraq (+6.2%), while the other leaders experienced more modest paces of growth.

In 2024, approx. 360K tons of nails, tacks, staples, screws and bolts were exported in the Middle East; growing by 15% compared with the previous year. Total exports indicated moderate growth from 2013 to 2024: its volume increased at an average annual rate of +3.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -26.9% against 2022 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 23% against the previous year. Over the period under review, the exports attained the maximum at 492K tons in 2022; however, from 2023 to 2024, the exports stood at a somewhat lower figure.

In value terms, nail and bolt exports amounted to $1.3B in 2024. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. The level of export peaked at $1.5B in 2022; however, from 2023 to 2024, the exports remained at a lower figure.

Turkey represented the main exporting country with an export of about 211K tons, which amounted to 59% of total exports. Oman (64K tons) ranks second in terms of the total exports with an 18% share, followed by the United Arab Emirates (17%). Saudi Arabia (10K tons) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +6.7% from 2013 to 2024. At the same time, Saudi Arabia (+7.7%) and Oman (+2.4%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +7.7% from 2013-2024. By contrast, the United Arab Emirates (-1.8%) illustrated a downward trend over the same period. Turkey (+16 p.p.) significantly strengthened its position in terms of the total exports, while Oman and the United Arab Emirates saw its share reduced by -2.5% and -14.3% from 2013 to 2024, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($823M) remains the largest nail and bolt supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($179M), with a 14% share of total exports. It was followed by Oman, with a 13% share.

From 2013 to 2024, the average annual rate of growth in terms of value in Turkey stood at +8.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+1.7% per year) and Oman (+8.7% per year).

Screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel represented the largest exported product with an export of about 229K tons, which amounted to 64% of total exports. It was distantly followed 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 (129K tons), committing a 36% share of total exports.

From 2013 to 2024, the biggest increases were recorded for screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers (including spring washers) and similar articles, of iron or steel (with a CAGR of +6.4%), while shipments for the other products experienced more modest paces of growth.

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 ($991M) remains the largest type of nails, tacks, staples, screws and bolts supplied in the Middle East, comprising 79% 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 ($236M), with a 19% 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 1.7% share.

From 2013 to 2024, 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 amounted to +8.2%. 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 (+3.8% 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 (+7.6% per year).

The export price in the Middle East stood at $3,491 per ton in 2024, reducing by -7.7% against the previous year. Export price indicated a temperate increase from 2013 to 2024: its price increased at an average annual rate of +3.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, nail and bolt export price increased by +60.7% against 2020 indices. The growth pace was the most rapid in 2023 an increase of 26% against the previous year. As a result, the export price attained the peak level of $3,783 per ton, and then dropped in the following year.

Prices varied noticeably by the product type; the product with the highest price was 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 ($16,336 per ton), while the average price for exports of 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 ($1,830 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained 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 (+6.9%), while the other products experienced more modest paces of growth.

In 2024, the export price in the Middle East amounted to $3,491 per ton, which is down by -7.7% against the previous year. Export price indicated moderate growth from 2013 to 2024: its price increased at an average annual rate of +3.3% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, nail and bolt export price increased by +60.7% against 2020 indices. The pace of growth was the most pronounced in 2023 an increase of 26%. As a result, the export price reached the peak level of $3,783 per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($3,898 per ton), while Saudi Arabia ($2,150 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Oman (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nail and bolt market in the Middle East. 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.

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

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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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