Asia-Pacific: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Asia-Pacific

The Asia-Pacific metal vehicle lock market reached $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Vehicle Lock Production in Asia-Pacific

In value terms, metal vehicle lock production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports in Asia-Pacific

In 2022, shipments abroad of base metal motor vehicle locks increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal vehicle lock exports rose remarkably to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China was the largest exporting country with an export of about X tons, which accounted for X% of total exports. India (X tons) held the second position in the ranking, followed by South Korea (X tons) and Vietnam (X tons). All these countries together held approx. X% share of total exports. Thailand (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of base metal motor vehicle locks. At the same time, Vietnam (X%), India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. India (X p.p.), Vietnam (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand, Japan and South Korea saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal vehicle lock supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports in Asia-Pacific

In 2022, overseas purchases of base metal motor vehicle locks increased by X% to X tons, rising for the second consecutive year after four years of decline. In general, imports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, metal vehicle lock imports fell modestly to $X in 2022. Over the period under review, imports, however, showed a slight descent. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Japan was the major importing country with an import of around X tons, which reached X% of total imports. China (X tons) ranks second in terms of the total imports with a X% share, followed by Indonesia (X%), India (X%), Malaysia (X%), South Korea (X%) and Thailand (X%).

From 2012 to 2022, average annual rates of growth with regard to metal vehicle lock imports into Japan stood at X%. At the same time, South Korea (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, India (X%), China (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, South Korea and Japan increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal vehicle lock importing markets in Asia-Pacific were China ($X), Japan ($X) and Thailand ($X), with a combined X% share of total imports. South Korea, Indonesia, Malaysia and India lagged somewhat behind, together comprising a further X%.

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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