Lock And Key Prices in the United States

U.S. Lock And Key Import Price per Ton in June 2022

In June 2022, the lock and key price per ton stood at $6.7K (CIF, US), approximately reflecting the previous month. Over the last five months, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in March 2022 an increase of 15% month-to-month. As a result, import price attained the peak level of $6.7K per ton; afterwards, it flattened through to June 2022.

Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($3.4M per ton), while the price for China ($810.3K per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Mexico (-2.8%), while the prices for the other major suppliers experienced a decline.

U.S. Lock And Key Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was base metal padlocks ($33.3K per ton), while the price for 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 ($5.9K per ton) was amongst the lowest.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal (+2.4%), while the prices for the other products experienced more modest paces of growth.

U.S. Lock And Key Imports

In July 2022, lock and key imports into the United States dropped modestly to 150K tons, declining by -3% on the previous month. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2022 with an increase of 8.7% against the previous month.

In value terms, lock and key imports shrank to $1B (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +1.1% over the period from January 2022 to July 2022; the trend pattern remained consistent, with only minor fluctuations in certain months. The growth pace was the most rapid in March 2022 with an increase of 11% month-to-month. As a result, imports reached the peak of $1B. From April 2022 to July 2022, the growth of imports remained at a lower figure.

U.S. Lock And Key Imports by Type

In July 2022, 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 (137K tons) was the main type of lock and key supplied to the United States, accounting for a 92% 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 (7.4K tons), more than tenfold. The third position in this ranking was taken by base metal motor vehicle locks (3.9K tons), with a 2.6% share.

From January 2022 to July 2022, the average monthly growth rate of the volume of import 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 was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: locks; (other than those for motor vehicles or furniture), (key, combination or electrically operated), of base metal (+1.8% per month) and base metal motor vehicle locks (+0.6% per month).

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 ($807M) constituted the largest type of lock and key supplied to the United States, 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 ($112M), with an 11% share of total imports. It was followed by base metal motor vehicle locks, with a 5.2% share.

U.S. Lock And Key Imports by Country

In June 2022, China (479 tons) constituted the largest supplier of lock and key to the United States, accounting for a 0.3% share of total imports. Moreover, lock and key imports from China exceeded the figures recorded by the second-largest supplier, Mexico (196 tons), twofold.

From January 2022 to June 2022, the average monthly rate of growth in terms of volume from China amounted to +6.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+7.1% per month) and Taiwan (Chinese) (+10.7% per month).

In value terms, China ($389M) constituted the largest supplier of lock and key to the United States, comprising 38% of total imports. The second position in the ranking was held by Mexico ($178M), with a 17% share of total imports.

From January 2022 to June 2022, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Mexico (+4.1% per month) and Taiwan (Chinese) (+2.6% per month).

Source: IndexBox Market Intelligence Platform