ASEAN: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in ASEAN

The ASEAN safes and strongboxes market rose markedly to $X in 2021, increasing by 5.8% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Safes And Strongboxes Production in ASEAN

In value terms, safes and strongboxes production expanded notably to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 34%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Safes And Strongboxes Exports

Exports in ASEAN

In 2021, shipments abroad of safes, strongboxes and doors of base metal was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, saw a noticeable curtailment. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, safes and strongboxes exports skyrocketed to $X in 2021. Overall, exports, however, saw a pronounced reduction. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Thailand (X tons), Indonesia (X tons) and Vietnam (X tons), together reaching 92% of total export. It was distantly followed by Malaysia (X tons), creating a 7.7% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +12.3%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest safes and strongboxes supplying countries in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined 91% share of total exports.

Vietnam, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2019 when the export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the other leaders experienced a decline in the export price figures.

Safes And Strongboxes Imports

Imports in ASEAN

In 2021, purchases abroad of safes, strongboxes and doors of base metal was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, saw a slight slump. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, safes and strongboxes imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Thailand (X tons), Myanmar (X tons), Singapore (X tons), the Philippines (X tons), Vietnam (X tons) and Malaysia (X tons) were the main importers of safes, strongboxes and doors of base metal, together creating 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +5.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safes and strongboxes importing markets in ASEAN were Indonesia ($X), Thailand ($X) and Singapore ($X), with a combined 55% share of total imports. The Philippines, Vietnam, Myanmar and Malaysia lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, the Philippines, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, picking up by 5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2019 an increase of 12%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform