Austria: Lock And Key Market 2024

Lock And Key Market Size in Austria

The Austrian lock and key market rose modestly to $X in 2021, increasing by 2.7% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Lock And Key Production in Austria

In value terms, lock and key production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Lock And Key Exports

Exports from Austria

In 2021, exports of padlocks, locks and keys of base metal from Austria skyrocketed to X tons, growing by 20% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, 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.

In value terms, lock and key exports skyrocketed to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main destinations of lock and key exports from Austria, with a combined 37% share of total exports. China, Japan, the United States, Switzerland, France, Russia, the UK, Canada, Australia and the Czech Republic lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +18.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lock and key exported from Austria were Germany ($X), Poland ($X) and China ($X), together accounting for 36% of total exports.

Among the main countries of destination, China, with a CAGR of +20.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lock and key export price amounted to $X per ton, increasing by 8.6% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Japan ($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 China (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Austria

Lock and key imports into Austria rose significantly to X tons in 2021, with an increase of 14% on 2020 figures. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, lock and key imports surged to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest lock and key supplier to Austria, with a 42% share of total imports. Moreover, lock and key imports from Germany exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), twofold. China (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-3.2% per year) and China (-1.5% per year).

In value terms, Germany ($X) constituted the largest supplier of padlocks, locks and keys of base metal to Austria, comprising 55% of total imports. The second position in the ranking was held by Switzerland ($X), with an 8.5% share of total imports. It was followed by Italy, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-0.6% per year) and Italy (+1.8% per year).

Import Prices by Country

In 2021, the average lock and key import price amounted to $X per ton, growing by 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($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 Czech Republic (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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