Which Country Imports the Most Metal Padlocks, Locks and Keys in the World?

Cutlery, Hand Tools And General Hardware May 28, 2018
Author: Anna Sergeeva
Market Analyst

Which Country Imports the Most Metal Padlocks, Locks and Keys in the World?

IndexBox has just published a new report "World: Padlocks, Locks And Keys Of Base Metal - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of lock and key imported worldwide amounted to 2.4M tonnes, moving up by 4% against the previous year level. The total import volume increased at an average annual rate of +1.6% over the period from 2007 to 2016- the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, an increase of 9% y-o-y. Global lock and key import peaked in 2016, and are likely to continue its growth in the near future.

In value terms, lock and key imports stood at $12B in 2016. The total import value increased at an average annual rate of +2.2% over the period from 2007 to 2016- the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Global lock and key import peaked of $12B in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.

Top Lock And Key Importing Countries in the World

1. USA (2,367.0 million USD)

2. Germany (985.3 million USD)

3. Mexico (710.8 million USD)

4. China (594.9 million USD)

5. United Kingdom (484.1 million USD)

6. Czech Republic (378.5 million USD)

Lock And Key Imports By Country

Mexico (690K tonnes), and China (582K tonnes) were the key importers of lock and key in 2016, accounting for approx. 29%, and 24% of total imports, respectively. Germany (199K tonnes) took a 8% share (based on tonnes) of global lock and key imports, which put it in second place, following the U.S. (6%). The following importers - Czech Republic (49K tonnes), and the UK (41K tonnes) took near 4% of total imports, each.

From 2007 to 2016, the most notable growth rate of lock and key imports, among the main importing countries, was attained by Germany (+12.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the U.S. ($2.4B) constitutes the largest market for imported lock and key worldwide, making up 19% of global imports. The second position in the ranking was occupied by Germany ($985M), with the share of 8% of global imports. It was followed by Mexico, with the share of 6%.

From 2007 to 2016, the average annual rate of growth in terms of value of lock and key imports in the U.S. expanded at +2.8%. The remaining importing countries recorded the following average annual rates: Germany (+0.5% per year) and Mexico (+0.6% per year).

Lock And Key Import Prices By Country

The average lock and key import price stood at $5,033 per tonne in 2016, coming down by -2.8% against the previous year. Overall, lock and key import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, when import increased by 10% against the previous year level. Global lock and key import peaked of $5,388 per tonne in 2013- however, from 2014 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($18 per kg), while China ($1,023 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of lock and key import prices was attained by China (+6.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global lock and key market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • lock and key market share
  • lock and key prices
  • lock and key industry
  • lock and key sales
  • lock and key import
  • lock and key export
  • lock and key market forecast
  • lock and key price forecast
  • key lock and key producers

All data provided in this article covers the following product: HS Code 8301 - Padlocks and locks (key, combination, electrically operated) of base metal- clasps and frames with clasps incorporating locks, of base metal, keys for any or the foregoing articles, of base metal.

Source: World: Padlocks, Locks And Keys Of Base Metal - Market Report. Analysis and Forecast to 2025