Europe: Lock And Key Market 2024

Lock And Key Market Size in Europe

In 2023, the Europe lock and key market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked in 2023 and is expected to retain growth in years to come.

Lock And Key Production in Europe

In value terms, lock and key production rose rapidly to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Lock And Key Exports

Exports in Europe

In 2023, approx. X tons of padlocks, locks and keys of base metal were exported in Europe; falling by X% against the previous year's figure. In general, exports, however, showed 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 attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, lock and key exports rose to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Germany (X tons), distantly followed by Austria (X tons), Italy (X tons), Poland (X tons), the Czech Republic (X tons) and Spain (X tons) represented the major exporters of padlocks, locks and keys of base metal, together making up X% of total exports. Slovakia (X tons), the Netherlands (X tons), France (X tons), Sweden (X tons), Romania (X tons), Belgium (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest lock and key supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with an X% share of total exports. It was followed by Italy, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Austria (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Lock And Key Imports

Imports in Europe

In 2023, approx. X tons of padlocks, locks and keys of base metal were imported in Europe; falling by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, lock and key imports amounted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Germany (X tons), Poland (X tons), the UK (X tons), Russia (X tons), France (X tons), Italy (X tons), Spain (X tons), the Netherlands (X tons), the Czech Republic (X tons), Slovakia (X tons), Belgium (X tons) and Romania (X tons) was the major importer of padlocks, locks and keys of base metal in Europe, constituting X% of total import. Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Among the main importing countries, Romania, with a CAGR of X%, 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 2023, the import price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform