Report Update Feb 1, 2025

Azerbaijan - Padlocks, Locks and Keys of Base Metal - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Lock And Key Market 2025

Lock And Key Market Size in Azerbaijan

The Azerbaijani lock and key market surged to $X in 2021, rising by 18% against the previous year. Over the period under review, consumption posted a prominent increase. Lock and key consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Lock And Key Production in Azerbaijan

In value terms, lock and key production stood at $X in 2021 estimated in export price. In general, production saw a dramatic decline. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Lock And Key Exports

Exports from Azerbaijan

In 2021, shipments abroad of padlocks, locks and keys of base metal decreased by -63.8% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 103%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, lock and key exports fell rapidly to $X in 2021. Over the period under review, exports, however, posted a temperate increase. The pace of growth appeared the most rapid in 2020 when exports increased by 202% against the previous year. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Georgia (X tons) and Russia (X tons) were the main destinations of lock and key exports from Azerbaijan.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +12.5%).

In value terms, Georgia ($X) remains the key foreign market for padlocks, locks and keys of base metal exports from Azerbaijan, comprising 58% of total exports. The second position in the ranking was taken by Russia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Georgia totaled +17.0%.

Export Prices by Country

In 2021, the average lock and key export price amounted to $X per ton, dropping by -18.1% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2017 an increase of 189% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+33.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Azerbaijan

In 2021, approx. X tons of padlocks, locks and keys of base metal were imported into Azerbaijan; surging by 12% on the year before. Overall, imports, however, saw a noticeable decline. The most prominent rate of growth was recorded in 2018 when imports increased by 36%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, lock and key imports soared to $X in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 79% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Turkey (X tons) and Russia (X tons) were the main suppliers of lock and key imports to Azerbaijan, together accounting for 93% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +36.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Russia ($X) constituted the largest lock and key suppliers to Azerbaijan, with a combined 76% share of total imports.

In terms of the main suppliers, China, with a CAGR of +51.2%, saw the highest growth rate of 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

In 2021, the average lock and key import price amounted to $X per ton, increasing by 6.9% against the previous year. In general, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum 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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+30.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for padlocks, locks and keys of base metal in the world?

The countries with the highest volumes of lock and key consumption in 2020 were China, the United States and Germany, with a combined 44% share of global consumption. Mexico, Turkey, Canada, India, Poland, Russia, Italy, the UK, South Korea and Thailand lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of padlocks, locks and keys of base metal in the world?

China constituted the country with the largest volume of lock and key production, comprising approx. 58% of total volume. Moreover, lock and key production in China exceeded the figures recorded by the second-largest producer, Germany, ninefold. The third position in this ranking was occupied by Turkey, with a 4.3% share.

What are the leading suppliers of padlocks, locks and keys of base metal to Azerbaijan?

In value terms, China, Turkey and Russia appeared to be the largest lock and key suppliers to Azerbaijan, with a combined 77% share of total imports. Ukraine lagged somewhat behind, comprising a further 1.6%.

What are the leading importers of padlocks, locks and keys of base metal from Azerbaijan?

In value terms, Turkey emerged as the key foreign market for lock and key exports from Azerbaijan, comprising 71% of total exports. The second position in the ranking was occupied by Georgia, with a 12% share of total exports.

What is the average export price for padlocks, locks and keys of base metal in Azerbaijan?

The average lock and key export price stood at $7,367 per ton in 2020, surging by 56% against the previous year.

What is the average import price for padlocks, locks and keys of base metal in Azerbaijan?

In 2020, the average lock and key import price amounted to $2,928 per ton, declining by -18.2% against the previous year.

This report provides an in-depth analysis of the lock and key market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25721130 - Base metal padlocks
Prodcom 25721150 - Base metal motor vehicle locks
Prodcom 25721170 - Base metal furniture locks
Prodcom 25721230 - Base metal cylinder locks used for doors of buildings
Prodcom 25721250 - Base metal locks used for doors of buildings (excluding cylinder locks)
Prodcom 25721270 - Base metal locks (excluding padlocks, motor vehicle locks, f urniture locks and locks used for doors of buildings)
Prodcom 25721330 - Base metal clasps and frames with clasps, with locks (excluding fasteners and clasps for handbags, brief-cases and executive-cases)
Prodcom 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)
Prodcom 25721410 - Base metal hinges
Prodcom 25721420 - Castors with mountings of base metal
Prodcom 25721430 - Base metal mountings, fittings and similar articles suitable for motor vehicles (excluding hinges, castors, locks and keys)
Prodcom 25721440 - Base metal mountings, fittings and similar articles suitable for buildings (excluding hinges, castors, locks, keys, spy holes fitted with optical elements and key operated door bolts)
Prodcom 25721450 - Base metal mountings, fittings and similar articles suitable for furniture (excluding hinges, castors, locks and keys)
Prodcom 25721460 - Other base metal mountings, fittings and similar articles (excluding for motor vehicles, buildings or furniture)
Prodcom 25721470 - Base metal automatic door closers
Prodcom 25721480 - Base metal hat-racks, hat-pegs, brackets, coat racks, towel racks, dish-cloth racks, brush racks and key racks (excluding coat-racks having the character of furniture)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024