Southern Asia: Lock And Key Market 2024

Lock And Key Market Size in Southern Asia

In 2022, the South Asian lock and key market increased by X% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated prominent 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, consumption increased by X% against 2020 indices. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Lock And Key Production in Southern Asia

In value terms, lock and key production amounted to $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Lock And Key Exports

Exports in Southern Asia

In 2022, the amount of padlocks, locks and keys of base metal exported in Southern Asia declined to X tons, shrinking by X% on the year before. Total exports indicated strong growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. 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, and then shrank in the following year.

In value terms, lock and key exports shrank to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

The biggest shipments were from India (X tons), together reaching X% of total export.

India was also the fastest-growing in terms of the padlocks, locks and keys of base metal exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest lock and key supplier in Southern Asia.

In India, lock and key exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Lock And Key Imports

Imports in Southern Asia

In 2022, the amount of padlocks, locks and keys of base metal imported in Southern Asia reached X tons, growing by X% compared with 2021 figures. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, lock and key imports soared to $X in 2022. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) was the key importer of padlocks, locks and keys of base metal, making up X% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with an X% share, followed by Pakistan (X%). Nepal (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the padlocks, locks and keys of base metal imports, with a CAGR of X% from 2012 to 2022. At the same time, Nepal (X%), Bangladesh (X%), Pakistan (X%) and Sri Lanka (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Pakistan (X p.p.), Sri Lanka (X p.p.) and Bangladesh (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported padlocks, locks and keys of base metal in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, lock and key imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Pakistan (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, saw a pronounced setback. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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