Report Update: Apr 28, 2024

U.S. - Safes, Strongboxes And Doors Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights

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Safes and Strongboxes Price in the United States - 2023

Safes and Strongboxes Price in the United States (CIF) - 2023

In August 2023, the average safes and strongboxes import price amounted to $2,210 per ton, reducing by -5.4% against the previous month. In general, the import price saw a slight downturn. The growth pace was the most rapid in December 2022 an increase of 12% m-o-m. The import price peaked at $2,495 per ton in August 2022; however, from September 2022 to August 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($2,408 per ton), while the price for Vietnam ($1,586 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+2.3%), while the prices for the other major suppliers experienced a decline.

Safes and Strongboxes Price in the United States (FOB) - 2023

In August 2023, the average safes and strongboxes export price amounted to $8,145 per ton, increasing by 11% against the previous month. Over the period under review, export price indicated a slight expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, safes and strongboxes export price decreased by -0.6% against June 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 70% m-o-m. As a result, the export price attained the peak level of $9,446 per ton. From March 2023 to August 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($11,271 per ton), while the average price for exports to Australia ($2,087 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Safes and Strongboxes Imports in the United States

In 2022, supplies from abroad of safes, strongboxes and doors of base metal decreased by -26.4% to 168K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 27% against the previous year.

In value terms, safes and strongboxes imports reduced to $407M in 2022. The total import value increased at an average annual rate of +5.7% 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 2021 with an increase of 26%. As a result, imports attained the peak of $476M, and then declined in the following year.

Import of Safes and Strongboxes in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	208	232	310	273	9.5%
Mexico	114	122	131	94.5	-6.1%
Others	22.3	22.9	34.9	39.0	20.5%
Total	344	377	476	407	5.8%

Top Suppliers of Safes and Strongboxes to the United States in 2022:

China (113.1K tons)
Mexico (46.4K tons)

Safes and Strongboxes Exports in the United States

In 2022, the amount of safes, strongboxes and doors of base metal exported from the United States surged to 8.3K tons, growing by 25% compared with the previous year's figure. In general, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.7% 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 +49.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, safes and strongboxes exports rose remarkably to $53M in 2022. Over the period under review, exports, however, saw a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of 16%.

Export of Safes and Strongboxes in the United States (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Canada	24.2	21.7	22.7	22.5	-2.4%
Mexico	7.2	5.9	7.3	10.6	13.8%
Japan	3.3	2.5	2.4	2.5	-8.8%
Australia	0.9	1.0	0.8	2.0	30.5%
France	2.1	0.9	1.4	2.0	-1.6%
Indonesia	0.4	0.1	0.3	1.0	35.7%
Philippines	0.8	0.2	0.5	0.7	-4.4%
Singapore	1.5	0.3	0.3	0.2	-48.9%
United Kingdom	3.5	1.2	1.6	0.1	-69.4%
Others	11.5	6.0	9.1	11.2	-0.9%
Total	55.3	39.9	46.3	52.9	-1.5%

Top Export Markets for Safes and Strongboxes from the United States in 2022:

Mexico (2681.0 tons)
Canada (2440.9 tons)
Japan (700.3 tons)
France (463.3 tons)
Australia (368.0 tons)
Indonesia (238.5 tons)
Philippines (186.4 tons)
Singapore (60.7 tons)
United Kingdom (4.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the safes and strongboxes market in the U.S.. 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 25992120 - Armoured or reinforced safes, strongboxes and doors and safe deposit lockers for strongrooms, of base metal
Prodcom 25992170 - Base metal cash or deed boxes and the like

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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