Asia: Safes And Strongboxes Market 2025

Safes And Strongboxes Market Size in Asia

In 2021, the Asian safes and strongboxes market decreased by -2.7% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Safes And Strongboxes Production in Asia

In value terms, safes and strongboxes production contracted modestly to $X in 2021 estimated in export price. The total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.9% against 2012 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2020, and then dropped in the following year.

Safes And Strongboxes Exports

Exports in Asia

In 2021, overseas shipments of safes, strongboxes and doors of base metal increased by 15% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, safes and strongboxes exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, recording X tons, which was approx. 82% of total exports in 2021. It was distantly followed by South Korea (X tons), generating a 9.3% share of total exports. The following exporters - Thailand (X tons) and Indonesia (X tons) - each finished at a 3.5% share of total exports.

China was also the fastest-growing in terms of the safes, strongboxes and doors of base metal exports, with a CAGR of +2.9% from 2012 to 2021. South Korea (-2.7%), Indonesia (-5.1%) and Thailand (-6.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +9.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest safes and strongboxes supplier in Asia, comprising 84% of total exports. The second position in the ranking was taken by South Korea ($X), with a 6.9% share of total exports. It was followed by Thailand, with a 1.2% share.

In China, safes and strongboxes exports increased at an average annual rate of +5.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-0.9% per year) and Thailand (-6.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 8.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the other leaders experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports in Asia

In 2021, supplies from abroad of safes, strongboxes and doors of base metal was finally on the rise to reach X tons after two years of decline. Overall, imports, however, saw a slight curtailment. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, safes and strongboxes imports surged to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) and Japan (X tons) were the largest importers of safes, strongboxes and doors of base metal in Asia, together amounting to near 26% of total imports. Indonesia (X tons) held a 7.1% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (6.9%), Saudi Arabia (5.1%), India (4.7%) and Thailand (4.6%). The following importers - Myanmar (X tons), Hong Kong SAR (X tons), South Korea (X tons), Singapore (X tons), Lebanon (X tons) and the Philippines (X tons) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +19.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Japan ($X) and Iraq ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 33% of total imports. India, Indonesia, Thailand, Saudi Arabia, Hong Kong SAR, South Korea, Singapore, the Philippines, Lebanon and Myanmar lagged somewhat behind, together comprising a further 38%.

South Korea, with a CAGR of +19.0%, saw the highest growth rate of the value of imports, among the main importing countries 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 Asia stood at $X per ton in 2021, surging by 7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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