Romania: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Romania

In 2022, the Romanian metal vehicle lock market decreased by X% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption, however, posted a significant expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metal Vehicle Lock Production in Romania

In value terms, metal vehicle lock production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Metal vehicle lock production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Metal Vehicle Lock Exports

Exports from Romania

In 2022, the amount of base metal motor vehicle locks exported from Romania reached X tons, increasing by X% against the previous year. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, metal vehicle lock exports contracted to $X in 2022. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons), Spain (X tons) and France (X tons) were the main destinations of metal vehicle lock exports from Romania, with a combined X% share of total exports. Slovakia, Morocco, the UK, Colombia and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and France ($X) were the largest markets for metal vehicle lock exported from Romania worldwide, together accounting for X% of total exports. Slovakia, Morocco, the UK, Russia and Colombia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the UK, 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

In 2022, the average metal vehicle lock export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a perceptible descent. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Colombia ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Romania

In 2022, the amount of base metal motor vehicle locks imported into Romania declined to X tons, waning by X% compared with the year before. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, metal vehicle lock imports fell to $X in 2022. Over the period under review, total imports indicated buoyant growth 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. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest metal vehicle lock supplier to Romania, with a X% share of total imports. Moreover, metal vehicle lock imports from Slovakia exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Slovakia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Germany (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Slovakia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average metal vehicle lock import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, import price indicated resilient 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 vehicle lock import price increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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