Latest Report Update: May 13, 2021

China - Base Metal Padlocks - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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China: Base Metal Padlock Market Overview 2021

Base Metal Padlock Market Size in China

In 2020, after two years of growth, there was decline in the Chinese base metal padlock market, when its value decreased by -X% to $X. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2019, and then contracted modestly in the following year.

Base Metal Padlock Production in China

In value terms, base metal padlock production reached $X in 2020 estimated in export prices. Overall, the total production indicated a strong increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2010 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2015; afterwards, it flattened through to 2020.

Base Metal Padlock Exports

Exports from China

In 2020, overseas shipments of base metal padlocks increased by X% to X units, rising for the third year in a row after four years of decline. Overall, total exports indicated a notable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2009 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X units in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, base metal padlock exports contracted to $X in 2020. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The U.S. (X units), Nigeria (X units) and Kenya (X units) were the main destinations of base metal padlock exports from China, together accounting for X% of total exports. Pakistan, Indonesia, India, Russia, Egypt, Mexico, South Africa, Tanzania, Iran and Thailand lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania, while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) remains the key foreign market for base metal padlock exports from China, comprising X% of total exports. The second position in the ranking was occupied by Nigeria ($X), with a X% share of total exports. It was followed by Kenya, with a X% share.

From 2007 to 2020, the average annual growth rate of value to the U.S. totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+X% per year) and Kenya (+X% per year).

Export Prices by Country

In 2020, the average base metal padlock export price amounted to $X per unit, waning by -X% against the previous year. Overall, export price indicated modest growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, base metal padlock export price decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, export price attained the peak level of $X per unit. From 2016 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was the U.S. ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania, while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into China

In 2020, supplies from abroad of base metal padlocks was finally on the rise to reach X units for the first time since 2017, thus ending a two-year declining trend. Overall, imports, however, showed a mild slump. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, base metal padlock imports reduced sharply to $X in 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

The U.S. (X units), Egypt (X units) and Mexico (X units) were the main suppliers of base metal padlock imports to China, together accounting for X% of total imports.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico, while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Taiwan (Chinese) ($X) and the U.S. ($X) were the largest base metal padlock suppliers to China, with a combined X% share of total imports.

Among the main suppliers, Mexico 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 more modest paces of growth.

Import Prices by Country

In 2020, the average base metal padlock import price amounted to $X per unit, with a decrease of -X% against the previous year. Over the period under review, import price indicated a slight increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% y-o-y. As a result, import price attained the peak level of $X per unit, and then reduced remarkably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Egypt ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal padlocks in the world?
+
The country with the largest volume of base metal padlock consumption was China (60M units), comprising approx. 21% of total volume. Moreover, base metal padlock consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (28M units), twofold. The third position in this ranking was occupied by India (23M units), with a 8% share.
What are the largest producers of base metal padlocks in the world?
+
China (213M units) remains the largest base metal padlock producing country worldwide, accounting for 73% of total volume. Moreover, base metal padlock production in China exceeded the figures recorded by the second-largest producer, India (23M units), ninefold. The third position in this ranking was occupied by the U.S. (13M units), with a 4.3% share.
What are the leading suppliers of base metal padlocks to China?
+
In value terms, the largest base metal padlock suppliers to China were Mexico ($240K), Taiwan (Chinese) ($179K) and the U.S. ($161K), with a combined 68% share of total imports.
What are the leading importers of base metal padlocks from China?
+
In value terms, the U.S. ($91M) remains the key foreign market for base metal padlock exports from China, comprising 13% of total exports. The second position in the ranking was occupied by Nigeria ($43M), with a 6.1% share of total exports. It was followed by Kenya, with a 3.7% share.
What is the average export price for base metal padlocks in China?
+
In 2020, the average base metal padlock export price amounted to $4.6 per unit, waning by -13.4% against the previous year.
What is the average import price for base metal padlocks in China?
+
In 2020, the average base metal padlock import price amounted to $22 per unit, which is down by -49.7% against the previous year.

Product coverage:
• Prodcom 25721130 - Base metal padlocks

This report provides an in-depth analysis of the base metal padlock 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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