Germany: Metal Furniture Lock Market 2024

Metal Furniture Lock Market Size in Germany

After three years of decline, the German metal furniture lock market increased by X% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Metal Furniture Lock Production in Germany

In value terms, metal furniture lock production rose significantly to $X in 2022 estimated in export price. Overall, production recorded a slight decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Metal furniture lock production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Metal Furniture Lock Exports

Exports from Germany

In 2022, the amount of base metal furniture locks exported from Germany fell slightly to X tons, stabilizing at the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, metal furniture lock exports declined modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted modestly in the following year.

Exports by Country

Slovakia (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of metal furniture lock exports from Germany, together comprising X% of total exports. Turkey, France, Poland, Belgium, the UK, Lithuania, Switzerland, Italy, Sweden and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for base metal furniture locks exports from Germany, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Austria totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Poland (X% per year).

Export Prices by Country

The average metal furniture lock export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Furniture Lock Imports

Imports into Germany

In 2022, imports of base metal furniture locks into Germany reached X tons, picking up by X% on the previous year's figure. The total import volume 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 was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, metal furniture lock imports surged to $X in 2022. Over the period under review, total imports 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, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Belgium (X tons) and Poland (X tons) were the main suppliers of metal furniture lock imports to Germany, with a combined X% share of total imports. The Czech Republic, France, Austria, Vietnam, Thailand, the UK, Italy and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of base metal furniture locks to Germany, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Austria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average metal furniture lock import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated temperate growth 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, metal furniture lock import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :