Eastern Europe: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in Eastern Europe

In 2022, after two years of growth, there was decline in the East European base metal padlock market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Base Metal Padlock Production in Eastern Europe

In value terms, base metal padlock production rose slightly to $X in 2022 estimated in export price. The total output 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Base Metal Padlock Exports

Exports in Eastern Europe

In 2022, overseas shipments of base metal padlocks decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Total exports indicated a noticeable 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. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted markedly in the following year.

In value terms, base metal padlock exports shrank to $X in 2022. In general, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

In 2022, Poland (X tons) represented the largest exporter of base metal padlocks, making up X% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with a X% share, followed by Russia (X%), Romania (X%), Slovakia (X%) and Hungary (X%). Lithuania (X tons) held a minor share of total exports.

Poland was also the fastest-growing in terms of the base metal padlocks exports, with a CAGR of X% from 2012 to 2022. At the same time, Hungary (X%), Slovakia (X%) and Romania (X%) displayed positive paces of growth. By contrast, Lithuania (X%), the Czech Republic (X%) and Russia (X%) illustrated a downward trend over the same period. Poland (X p.p.), Slovakia (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania, the Czech Republic and Russia 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, Poland ($X) remains the largest base metal padlock supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Romania, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. In general, the export price recorded a notable expansion. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

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

Base Metal Padlock Imports

Imports in Eastern Europe

In 2022, overseas purchases of base metal padlocks decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports showed a mild downturn. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, base metal padlock imports declined to $X in 2022. Total imports indicated a measured 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

Russia represented the major importing country with an import of about X tons, which amounted to X% of total imports. Poland (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ukraine (X%), Hungary (X%), Romania (X%), the Czech Republic (X%) and Belarus (X%). Bulgaria (X tons) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%), Poland (X%), Belarus (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Romania (X%) and Ukraine (X%) illustrated a downward trend over the same period. Poland (X p.p.), Hungary (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal padlock importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), with a combined X% share of total imports.

In terms of the main importing countries, Poland, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a resilient 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. Based on 2022 figures, base metal padlock import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue 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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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