EU: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in the EU

In 2023, the EU base metal padlock market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Base Metal Padlock Production in the EU

In value terms, base metal padlock production rose modestly to $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Base Metal Padlock Exports

Exports in the EU

After three years of growth, overseas shipments of base metal padlocks decreased by X% to X tons in 2023. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced slightly in the following year.

In value terms, base metal padlock exports expanded rapidly to $X in 2023. Total exports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to continue growth in years to come.

Exports by Country

In 2023, France (X tons), Germany (X tons), Spain (X tons) and Belgium (X tons) was the main exporter of base metal padlocks in the European Union, mixing up X% of total export. The Netherlands (X tons) ranks next in terms of the total exports with a X% share, followed by Sweden (X%), Italy (X%) and Poland (X%).

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Belgium, the Netherlands, Poland, Sweden and Spain lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Poland, 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 the European Union stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 the EU

In 2023, purchases abroad of base metal padlocks decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then shrank slightly in the following year.

In value terms, base metal padlock imports dropped slightly to $X in 2023. Total imports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2014 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then declined modestly in the following year.

Imports by Country

In 2023, France (X tons), distantly followed by Spain (X tons), Germany (X tons), the Netherlands (X tons), Italy (X tons), Belgium (X tons), Poland (X tons) and Sweden (X tons) represented the largest importers of base metal padlocks, together making up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Italy, Spain, Belgium, Sweden and Poland lagged somewhat behind, together accounting for a further X%.

Among 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 the European Union stood at $X per ton in 2023, almost unchanged from the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs in 2023 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2023, 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.

Source: IndexBox Platform