United Kingdom - Padlocks, Locks And Keys Of Base Metal - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGrowth in UK 'Lock and Key' Imports Reaches $2.1 Billion in 2023
United Kingdom Lock And Key Imports
In 2023, the amount of padlocks, locks and keys of base metal imported into the UK rose markedly to 260K tons, increasing by 6.7% against the previous year's figure. Over the period under review, total imports indicated notable growth from 2013 to 2023: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by -6.0% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 103% against the previous year. As a result, imports attained the peak of 276K tons. From 2022 to 2023, the growth of imports failed to regain momentum.
In value terms, lock and key imports reached $2.1B (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +2.8% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports attained the peak of $2.2B. From 2022 to 2023, the growth of imports failed to regain momentum.
| COUNTRY | Import Value of Lock And Key in United Kingdom (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 450 | 538 | 560 | 534 | 563 | 577 | 596 | 510 | 808 | 810 | 752 |
| Germany | 294 | 328 | 298 | 340 | 355 | 364 | 339 | 274 | 306 | 203 | 201 |
| United States | 74.0 | 83.4 | 85.3 | 81.1 | 102 | 142 | 152 | 103 | 111 | 116 | 146 |
| Austria | 60.6 | 69.1 | 60.4 | 53.9 | 55.4 | 63.0 | 58.1 | 67.1 | 95.5 | 90.8 | 110 |
| India | 89.8 | 105 | 107 | 90.1 | 90.8 | 89.5 | 96.6 | 85.6 | 141 | 112 | 105 |
| Turkey | 5.6 | 8.9 | 7.6 | 7.4 | 10.5 | 11.6 | 28.2 | 53.1 | 49.6 | 54.6 | 101 |
| Italy | 122 | 117 | 116 | 108 | 101 | 115 | 102 | 76.2 | 84.5 | 101 | 92.1 |
| Taiwan (Chinese) | 57.4 | 63.1 | 62.0 | 59.9 | 63.1 | 69.8 | 75.4 | 54.2 | 75.7 | 77.4 | 60.0 |
| Others | 438 | 489 | 443 | 433 | 441 | 444 | 408 | 376 | 532 | 500 | 525 |
| Total | 1,592 | 1,802 | 1,739 | 1,708 | 1,782 | 1,875 | 1,854 | 1,599 | 2,205 | 2,065 | 2,092 |
Imports by Country
In 2023, China (112K tons) constituted the largest lock and key supplier to the UK, with a 43% share of total imports. Moreover, lock and key imports from China exceeded the figures recorded by the second-largest supplier, Germany (27K tons), fourfold. Austria (22K tons) ranked third in terms of total imports with an 8.3% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and Austria (+9.7% per year).
In value terms, China ($752M) constituted the largest supplier of padlocks, locks and keys of base metal to the UK, comprising 36% of total imports. The second position in the ranking was held by Germany ($201M), with a 9.6% share of total imports. It was followed by the United States, with a 7% share.
From 2013 to 2023, the average annual growth rate of value from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.8% per year) and the United States (+7.0% per year).
Imports by Type
In 2023, base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal (228K tons) constituted the largest type of padlocks, locks and keys of base metal supplied to the UK, with a 88% share of total imports. Moreover, base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal exceeded the figures recorded for the second-largest type, locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal (17K tons), more than tenfold. Base metal motor vehicle locks (11K tons) ranked third in terms of total imports with a 4.1% share.
From 2013 to 2023, the average annual growth rate of the volume of base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal imports totaled +3.0%. With regard to the other supplied products, the following average annual rates of growth were recorded: locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal (+2.8% per year) and base metal motor vehicle locks (+3.7% per year).
In value terms, base metal mountings, fittings and similar articles for furniture, doors, staircases, windows, trunks, chests etc, castors with mountings of base metal, automatic door closers of base metal ($1.7B) constituted the largest type of padlocks, locks and keys of base metal supplied to the UK, comprising 80% of total imports. The second position in the ranking was held by locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal ($201M), with a 9.6% share of total imports. It was followed by base metal motor vehicle locks, with a 6.5% share.
Import Prices by Country
In 2023, the lock and key price stood at $8,056 per ton (CIF, United Kingdom), dropping by -5.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 47% against the previous year. As a result, import price reached the peak level of $11,781 per ton. From 2021 to 2023, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($23,763 per ton), while the price for Austria ($5,109 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the lock and key market in the UK. 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 2030.
Product coverage:
- Prodcom 25721130 - Base metal padlocks
- Prodcom 25721150 - Base metal motor vehicle locks
- Prodcom 25721170 - Base metal furniture locks
- Prodcom 25721230 - Base metal cylinder locks used for doors of buildings
- Prodcom 25721250 - Base metal locks used for doors of buildings (excluding cylinder locks)
- Prodcom 25721270 - Base metal locks (excluding padlocks, motor vehicle locks, f urniture locks and locks used for doors of buildings)
- Prodcom 25721330 - Base metal clasps and frames with clasps, with locks (excluding fasteners and clasps for handbags, brief-cases and executive-cases)
- Prodcom 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)
- Prodcom 25721410 - Base metal hinges
- Prodcom 25721420 - Castors with mountings of base metal
- Prodcom 25721430 - Base metal mountings, fittings and similar articles suitable for motor vehicles (excluding hinges, castors, locks and keys)
- Prodcom 25721440 - Base metal mountings, fittings and similar articles suitable for buildings (excluding hinges, castors, locks, keys, spy holes fitted with optical elements and key operated door bolts)
- Prodcom 25721450 - Base metal mountings, fittings and similar articles suitable for furniture (excluding hinges, castors, locks and keys)
- Prodcom 25721460 - Other base metal mountings, fittings and similar articles (excluding for motor vehicles, buildings or furniture)
- Prodcom 25721470 - Base metal automatic door closers
- Prodcom 25721480 - Base metal hat-racks, hat-pegs, brackets, coat racks, towel racks, dish-cloth racks, brush racks and key racks (excluding coat-racks having the character of furniture)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
