Latest Report Update: Jun 14, 2021

Republic of Korea - Base Metal Padlocks - Market Analysis, Forecast, Size, Trends And Insights
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Republic of Korea: Base Metal Padlock Market Overview 2021

Base Metal Padlock Market Size in Republic of Korea

In 2020, the South Korean base metal padlock market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Over the period under review, consumption saw a resilient expansion. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2019, and then shrank slightly in the following year.

Base Metal Padlock Exports

Exports from Republic of Korea

In 2020, shipments abroad of base metal padlocks decreased by -X% to X units, falling for the fifth year in a row after two years of growth. In general, exports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X units in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, base metal padlock exports fell dramatically to $X in 2020. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

The U.S. (X units), Mongolia (X units) and Germany (X units) were the main destinations of base metal padlock exports from South Korea, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mongolia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X) emerged as the key foreign market for base metal padlock exports from South Korea, comprising X% of total exports. The second position in the ranking was occupied by Mongolia ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the U.S. was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mongolia (+X% per year) and China (+X% per year).

Export Prices by Country

In 2020, the average base metal padlock export price amounted to $X per unit, with a decrease of -X% against the previous year. Over the period under review, export price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, base metal padlock export price increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The export price peaked at $X per unit in 2019, and then reduced in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Indonesia ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Republic of Korea

For the fourth consecutive year, South Korea recorded growth in supplies from abroad of base metal padlocks, which increased by X% to X units in 2020. Overall, imports posted a pronounced expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to continue growth in the near future.

In value terms, base metal padlock imports shrank to $X in 2020. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then reduced in the following year.

Imports by Country

In 2020, China (X units) was the main supplier of base metal padlock to South Korea, with a X% share of total imports. It was followed by the U.S. (X units), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from China amounted to +X%.

In value terms, China ($X) constituted the largest supplier of base metal padlock to South Korea, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%.

Import Prices by Country

In 2020, the average base metal padlock import price amounted to $X per unit, which is down by -X% against the previous year. Overall, import price indicated a tangible increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, base metal padlock import price decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2010 when the average import price increased by X% year-to-year. The import price peaked at $X per unit in 2016; however, from 2017 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per unit), while the price for China totaled $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S..

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal padlocks in the world?
+
The country with the largest volume of base metal padlock consumption was China (78M units), comprising approx. 26% of total volume. Moreover, base metal padlock consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (26M units), threefold. The third position in this ranking was occupied by India (17M units), with a 5.7% share.
What are the largest producers of base metal padlocks in the world?
+
The country with the largest volume of base metal padlock production was China (228M units), accounting for 73% of total volume. Moreover, base metal padlock production in China exceeded the figures recorded by the second-largest producer, India (19M units), more than tenfold. The third position in this ranking was occupied by Japan (15M units), with a 4.7% share.
What are the leading suppliers of base metal padlocks to Republic of Korea?
+
In value terms, China ($6.3M) constituted the largest supplier of base metal padlock to South Korea, comprising 86% of total imports. The second position in the ranking was occupied by the U.S. ($660K), with a 9% share of total imports.
What are the leading importers of base metal padlocks from Republic of Korea?
+
In value terms, the U.S. ($114K) emerged as the key foreign market for base metal padlock exports from South Korea, comprising 38% of total exports. The second position in the ranking was occupied by Mongolia ($41K), with a 13% share of total exports. It was followed by China, with a 13% share.
What is the average export price for base metal padlocks in Republic of Korea?
+
In 2020, the average base metal padlock export price amounted to $14 per unit, waning by -8.2% against the previous year.
What is the average import price for base metal padlocks in Republic of Korea?
+
In 2020, the average base metal padlock import price amounted to $8.3 per unit, with a decrease of -19.9% against the previous year.

Product coverage:
• Prodcom 25721130 - Base metal padlocks

This report provides an in-depth analysis of the base metal padlock market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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