Australia: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Australia

In 2022, the Australian metal vehicle lock market increased by X% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, faced a deep slump. Metal vehicle lock consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Vehicle Lock Exports

Exports from Australia

In 2022, the amount of base metal motor vehicle locks exported from Australia skyrocketed to X tons, rising by X% on 2021. Overall, exports showed a modest expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, metal vehicle lock exports soared to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Indonesia (X tons), New Zealand (X tons) and Papua New Guinea (X tons) were the main destinations of metal vehicle lock exports from Australia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal vehicle lock exported from Australia were Indonesia ($X), New Zealand ($X) and Papua New Guinea ($X), together accounting for X% of total exports. The United States, the UK, Brazil and China lagged somewhat behind, together comprising a further X%.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal vehicle lock export price amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Brazil ($X per ton) and China ($X per ton), while the average price for exports to the UK ($X per ton) and Papua New Guinea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Metal Vehicle Lock Imports

Imports into Australia

In 2022, purchases abroad 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, faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal vehicle lock imports reached $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Japan (X tons) and the Czech Republic (X tons) were the main suppliers of metal vehicle lock imports to Australia, together accounting for X% of total imports. Italy, Germany, the United States, Taiwan (Chinese), Thailand, the UK, France and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and the Czech Republic ($X) were the largest metal vehicle lock suppliers to Australia, together accounting for X% of total imports. Italy, Germany, the United States, Taiwan (Chinese), Thailand, the UK, France and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Italy, with a CAGR of X%, recorded 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 trend patterns.

Import Prices by Country

In 2022, the average metal vehicle lock import price amounted to $X per ton, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and Thailand ($X per ton), while the price for Italy ($X per ton) and China ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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