China - Padlocks, Locks And Keys Of Base Metal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingLock and Key Price in China - 2023
Contents:
- Lock and Key Price in China (FOB) - 2023
- Lock and Key Price in China (CIF) - 2023
- Lock and Key Exports in China
- Lock and Key Imports in China
Lock and Key Price in China (FOB) - 2023
In June 2023, the average lock and key export price amounted to $5,136 per ton, declining by -3.7% against the previous month. In general, the export price showed a mild setback. The growth pace was the most rapid in February 2023 when the average export price increased by 6.3% month-to-month. The export price peaked at $6,435 per ton in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($7,278 per ton), while the average price for exports to Brazil ($3,249 per ton) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-0.1%), while the prices for the other major destinations experienced a decline.
Lock and Key Price in China (CIF) - 2023
The average lock and key import price stood at $14,375 per ton in June 2023, with an increase of 15% against the previous month. Over the last nine months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in December 2022 when the average import price increased by 21% against the previous month. Over the period under review, average import prices reached the peak figure at $15,662 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($75,785 per ton), while the price for Austria ($7,639 per ton) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Lock and Key Exports in China
In 2022, after three years of growth, there was decline in shipments abroad of padlocks, locks and keys of base metal, when their volume decreased by -3.9% to 3.3M tons. The total export volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 3.4M tons, and then shrank modestly in the following year.
In value terms, lock and key exports expanded remarkably to $19.3B in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Lock and Key in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,258 | 2,625 | 3,345 | 3,574 | 16.5% |
| Vietnam | 654 | 925 | 993 | 1,018 | 15.9% |
| India | 614 | 482 | 806 | 1,002 | 17.7% |
| Malaysia | 456 | 455 | 555 | 704 | 15.6% |
| Germany | 476 | 499 | 680 | 609 | 8.6% |
| United Kingdom | 526 | 499 | 699 | 550 | 1.5% |
| Japan | 451 | 442 | 501 | 535 | 5.9% |
| Russia | 356 | 401 | 522 | 493 | 11.5% |
| Indonesia | 359 | 322 | 412 | 477 | 9.9% |
| Canada | 330 | 387 | 472 | 453 | 11.1% |
| Thailand | 220 | 272 | 366 | 429 | 24.9% |
| Mexico | 248 | 284 | 415 | 418 | 19.0% |
| South Korea | 272 | 321 | 417 | 381 | 11.9% |
| Others | 6,017 | 6,380 | 8,154 | 8,622 | 12.7% |
| Total | 13,237 | 14,293 | 18,336 | 19,266 | 13.3% |
Top Export Markets for Lock and Key from China in 2022:
- United States (595.0K tons)
- India (177.5K tons)
- Vietnam (173.6K tons)
- Russia (124.3K tons)
- Indonesia (100.6K tons)
- Malaysia (99.6K tons)
- Germany (93.7K tons)
- United Kingdom (83.2K tons)
- Mexico (75.1K tons)
- Canada (74.2K tons)
- Thailand (72.3K tons)
- Japan (62.0K tons)
- South Korea (60.8K tons)
Lock and Key Imports in China
In 2022, overseas purchases of padlocks, locks and keys of base metal decreased by -17.8% to 91K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of 111K tons, and then shrank markedly in the following year.
In value terms, lock and key imports shrank remarkably to $1.1B in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of $1.3B, and then fell significantly in the following year.
| Import of Lock and Key in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 264 | 269 | 336 | 274 | 1.2% |
| Austria | 148 | 170 | 271 | 215 | 13.3% |
| Japan | 81.1 | 80.0 | 98.6 | 84.8 | 1.5% |
| Italy | 57.1 | 64.9 | 99.4 | 82.5 | 13.1% |
| Taiwan (Chinese) | 114 | 72.2 | 85.9 | 73.7 | -13.5% |
| Czech Republic | 45.8 | 52.7 | 66.2 | 55.9 | 6.9% |
| South Korea | 47.8 | 34.4 | 29.7 | 26.6 | -17.7% |
| Spain | 15.3 | 18.7 | 22.3 | 16.7 | 3.0% |
| Others | 266 | 255 | 316 | 284 | 2.2% |
| Total | 1,039 | 1,016 | 1,325 | 1,113 | 2.3% |
Top Suppliers of Lock and Key to China in 2022:
- Austria (28.9K tons)
- Germany (21.1K tons)
- Taiwan (Chinese) (8.2K tons)
- Japan (6.7K tons)
- Italy (5.3K tons)
- Czech Republic (3.6K tons)
- South Korea (2.2K tons)
- Spain (1.5K tons)
This report provides an in-depth analysis of the lock and key market in China. 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 25721130 - Base metal padlocks
- Prodcom 25721150 - Base metal motor vehicle locks
- Prodcom 25721170 - Base metal furniture locks
- Prodcom 25721230 - Base metal cylinder locks used for doors of buildings
- Prodcom 25721250 - Base metal locks used for doors of buildings (excluding cylinder locks)
- Prodcom 25721270 - Base metal locks (excluding padlocks, motor vehicle locks, f urniture locks and locks used for doors of buildings)
- Prodcom 25721330 - Base metal clasps and frames with clasps, with locks (excluding fasteners and clasps for handbags, brief-cases and executive-cases)
- Prodcom 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)
- Prodcom 25721410 - Base metal hinges
- Prodcom 25721420 - Castors with mountings of base metal
- Prodcom 25721430 - Base metal mountings, fittings and similar articles suitable for motor vehicles (excluding hinges, castors, locks and keys)
- Prodcom 25721440 - Base metal mountings, fittings and similar articles suitable for buildings (excluding hinges, castors, locks, keys, spy holes fitted with optical elements and key operated door bolts)
- Prodcom 25721450 - Base metal mountings, fittings and similar articles suitable for furniture (excluding hinges, castors, locks and keys)
- Prodcom 25721460 - Other base metal mountings, fittings and similar articles (excluding for motor vehicles, buildings or furniture)
- Prodcom 25721470 - Base metal automatic door closers
- Prodcom 25721480 - Base metal hat-racks, hat-pegs, brackets, coat racks, towel racks, dish-cloth racks, brush racks and key racks (excluding coat-racks having the character of furniture)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
-
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
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