Algeria: Lock And Key Market 2025

Lock And Key Market Size in Algeria

The Algerian lock and key market rose remarkably to $X in 2021, growing by 13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Lock and key consumption peaked in 2021 and is expected to retain growth in the immediate term.

Lock And Key Exports

Exports from Algeria

In 2021, exports of padlocks, locks and keys of base metal from Algeria soared to X tons, picking up by 129% on the previous year. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 216%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, lock and key exports skyrocketed to $X in 2021. Over the period under review, exports showed buoyant growth. The pace of growth was the most pronounced in 2017 when exports increased by 136%. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X tons), Romania (X tons) and Slovakia (X kg) were the main destinations of lock and key exports from Algeria, with a combined 67% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +48.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) emerged as the key foreign market for padlocks, locks and keys of base metal exports from Algeria, comprising 39% of total exports. The second position in the ranking was held by Turkey ($X), with a 15% share of total exports. It was followed by Slovakia, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+26.0% per year) and Slovakia (0.0% per year).

Export Prices by Country

In 2021, the average lock and key export price amounted to $X per ton, declining by -33.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 94% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Algeria

In 2021, after four years of decline, there was growth in purchases abroad of padlocks, locks and keys of base metal, when their volume increased by 1.4% to X tons. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -31.6% against 2016 indices. The pace of growth appeared the most rapid in 2014 with an increase of 35%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, lock and key imports expanded remarkably to $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 25% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lock and key to Algeria, accounting for a 64% share of total imports. Moreover, lock and key imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. The third position in this ranking was held by Italy (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+23.8% per year) and Italy (+6.1% per year).

In value terms, China ($X) constituted the largest supplier of padlocks, locks and keys of base metal to Algeria, comprising 56% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports. It was followed by Italy, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+17.3% per year) and Italy (+2.6% per year).

Import Prices by Country

The average lock and key import price stood at $X per ton in 2021, increasing by 13% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lock and key import price increased by +76.3% against 2016 indices. The growth pace was the most rapid in 2018 an increase of 16%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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