Central Asia: Lock And Key Market 2025

Lock And Key Market Size in Central Asia

The Central Asian lock and key market was finally on the rise to reach $X in 2021, after four years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Lock And Key Production in Central Asia

In value terms, lock and key production fell notably to $X in 2021 estimated in export price. In general, production recorded a perceptible decrease. The growth pace was the most rapid in 2020 when the production volume increased by 46% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Lock And Key Exports

Exports in Central Asia

In 2021, lock and key exports in Central Asia shrank to X tons, with a decrease of -6.2% against the previous year's figure. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 394%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, lock and key exports totaled $X in 2021. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 236%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Kazakhstan (X tons) represented the key exporter of padlocks, locks and keys of base metal, committing 61% of total exports. Uzbekistan (X tons) took the second position in the ranking, distantly followed by Kyrgyzstan (X tons). All these countries together took near 38% share of total exports.

Exports from Kazakhstan increased at an average annual rate of +14.1% from 2012 to 2021. At the same time, Uzbekistan (+291.3%) and Kyrgyzstan (+7.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +291.3% from 2012-2021. From 2012 to 2021, the share of Uzbekistan increased by +26 percentage points.

In value terms, the largest lock and key supplying countries in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Kyrgyzstan ($X), with a combined 99% share of total exports.

In terms of the main exporting countries, Uzbekistan, with a CAGR of +254.3%, 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

The export price in Central Asia stood at $X per ton in 2021, surging by 7.5% against the previous year. Over the period under review, the export price, however, showed a mild setback. The most prominent rate of growth was recorded in 2016 an increase of 35% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-2.8%), while the other leaders experienced a decline in the export price figures.

Lock And Key Imports

Imports in Central Asia

In 2021, lock and key imports in Central Asia surged to X tons, with an increase of 33% compared with the previous year. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 115%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, lock and key imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Kazakhstan (X tons) and Uzbekistan (X tons) represented the largest importers of padlocks, locks and keys of base metal in Central Asia, together finishing at near 68% of total imports. It was distantly followed by Kyrgyzstan (X tons) and Tajikistan (X tons), together mixing up a 29% share of total imports. Turkmenistan (X tons) took a minor share 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 Uzbekistan (with a CAGR of +14.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported padlocks, locks and keys of base metal in Central Asia, comprising 50% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 20% share of total imports. It was followed by Tajikistan, with a 14% share.

In Kazakhstan, lock and key imports increased at an average annual rate of +4.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+31.6% per year) and Tajikistan (+15.0% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, rising by 35% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. 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 +49.4% against 2019 indices. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :