Europe: Metal Furniture Lock Market 2024

Metal Furniture Lock Market Size in Europe

The Europe metal furniture lock market contracted to $X in 2023, falling by X% against the previous year. The market value 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 in certain years. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Metal Furniture Lock Production in Europe

In value terms, metal furniture lock production amounted to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Metal Furniture Lock Exports

Exports in Europe

In 2023, approx. X tons of base metal furniture locks were exported in Europe; shrinking by X% against the previous year. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, metal furniture lock exports dropped to $X in 2023. Total exports 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, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Germany (X tons) was the largest exporter of base metal furniture locks, mixing up X% of total exports. Belgium (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), France (X%), Denmark (X%), Italy (X%) and the UK (X%). Serbia (X tons), Sweden (X tons), the Netherlands (X tons), Spain (X tons), Austria (X tons) and Romania (X tons) followed a long way behind the leaders.

Exports from Germany decreased at an average annual rate of X% from 2012 to 2023. At the same time, the UK (X%), Sweden (X%), Austria (X%), Spain (X%) and Poland (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Denmark and Romania experienced a relatively flat trend pattern. By contrast, Belgium (X%), Serbia (X%), France (X%), the Netherlands (X%) and Italy (X%) illustrated a downward trend over the same period. Poland (X p.p.), the UK (X p.p.), Sweden (X p.p.), Austria (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and Italy saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest metal furniture lock supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Austria (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, jumping by X% against the previous year. Export price indicated buoyant growth from 2012 to 2023: its price 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, metal furniture lock export price increased by X% against 2016 indices. As a result, the export 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 exporting countries. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per ton), while Serbia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Metal Furniture Lock Imports

Imports in Europe

In 2023, after two years of growth, there was significant decline in overseas purchases of base metal furniture locks, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then declined in the following year.

In value terms, metal furniture lock imports contracted to $X in 2023. Total imports indicated a temperate 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

Russia represented the major importer of base metal furniture locks in Europe, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. It was distantly followed by Germany (X tons), the UK (X tons), Spain (X tons), Poland (X tons), France (X tons) and Italy (X tons), together generating a X% share of total imports. The Netherlands (X tons), Belgium (X tons), the Czech Republic (X tons), Austria (X tons), Sweden (X tons) and Denmark (X tons) took a relatively small share of total imports.

From 2012 to 2023, average annual rates of growth with regard to metal furniture lock imports into Russia stood at X%. At the same time, Sweden (X%), the Czech Republic (X%), Belgium (X%), France (X%), Poland (X%), Denmark (X%), Germany (X%) and the UK (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Austria and the Netherlands experienced a relatively flat trend pattern. By contrast, Italy (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of France (X p.p.), Sweden (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Italy (X p.p.) and Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Russia ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2023, together comprising X% of total imports. Poland, Austria, France, the Netherlands, Italy, Belgium, Spain, the Czech Republic, Sweden and Denmark lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Europe stood at $X per ton in 2023, approximately mirroring the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform