Eastern Europe: Metal Furniture Lock Market 2024

Metal Furniture Lock Market Size in Eastern Europe

In 2022, after two years of growth, there was decline in the East European metal furniture lock market, when its value decreased by less than X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Metal Furniture Lock Production in Eastern Europe

In value terms, metal furniture lock production rose modestly to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Metal Furniture Lock Exports

Exports in Eastern Europe

In 2022, metal furniture lock exports in Eastern Europe contracted to X tons, with a decrease of X% on the previous year's figure. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank in the following year.

In value terms, metal furniture lock exports amounted to $X in 2022. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Poland was the major exporter of base metal furniture locks in Eastern Europe, with the volume of exports recording X tons, which was near X% of total exports in 2022. It was distantly followed by the Czech Republic (X tons) and Romania (X tons), together mixing up a X% share of total exports. Slovakia (X tons), Hungary (X tons), Lithuania (X tons) and Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal furniture lock exports from Poland stood at X%. At the same time, Slovakia (X%), Estonia (X%), the Czech Republic (X%), Lithuania (X%), Hungary (X%) and Romania (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of the Czech Republic (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.) and Romania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X), Romania ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Slovakia, Hungary, Lithuania and Estonia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

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

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

Metal Furniture Lock Imports

Imports in Eastern Europe

In 2022, approx. X tons of base metal furniture locks were imported in Eastern Europe; waning by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal furniture lock imports dropped to $X in 2022. The total import value increased at an average annual rate of X% from 2012 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 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Russia was the key importing country with an import of about X tons, which recorded X% of total imports. Poland (X tons) ranks second in terms of the total imports with an X% share, followed by the Czech Republic (X%). Hungary (X tons), Lithuania (X tons), Slovakia (X tons), Ukraine (X tons) and Romania (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of base metal furniture locks. At the same time, Lithuania (X%), Hungary (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%), Slovakia (X%) and Romania (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, the Czech Republic, Hungary and Lithuania increased by X, X, X and X percentage points, respectively.

In value terms, the largest metal furniture lock importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined X% share of total imports. Lithuania, Slovakia, Hungary, Romania and Ukraine lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Lithuania, with a CAGR of X%, recorded the highest growth rate of 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 2022, the import price in Eastern Europe amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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