CIS: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in CIS

In 2021, the CIS metal vehicle lock market increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Metal Vehicle Lock Production in CIS

In value terms, metal vehicle lock production rose significantly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 65% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Metal Vehicle Lock Exports

Exports in CIS

In 2021, overseas shipments of base metal motor vehicle locks increased by 17% to X tons, rising for the fifth consecutive year after four years of decline. In general, exports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2017 when exports increased by 119%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, metal vehicle lock exports skyrocketed to $X in 2021. Overall, exports enjoyed a pronounced expansion. The growth pace was the most rapid in 2017 with an increase of 124%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Russia represented the main exporter of base metal motor vehicle locks in the CIS, with the volume of exports reaching X tons, which was near 65% of total exports in 2021. It was distantly followed by Belarus (X tons), creating a 34% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +15.3%).

In value terms, the largest metal vehicle lock supplying countries in the CIS were Russia ($X) and Belarus ($X).

In terms of the main exporting countries, Belarus, with a CAGR of +11.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, growing by 30% against the previous year. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Belarus ($X per ton), while Russia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.2%).

Metal Vehicle Lock Imports

Imports in CIS

In 2021, after two years of decline, there was significant growth in purchases abroad of base metal motor vehicle locks, when their volume increased by 15% to X tons. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 29% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in years to come.

In value terms, metal vehicle lock imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 38% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Russia prevails in imports structure, finishing at X tons, which was approx. 84% of total imports in 2021. Uzbekistan (X tons) took a 5.8% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (4.8%). Belarus (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of base metal motor vehicle locks. At the same time, Uzbekistan (+77.8%), Kazakhstan (+16.7%) and Belarus (+16.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +77.8% from 2012-2021. While the share of Uzbekistan (+5.8 p.p.), Kazakhstan (+3.5 p.p.) and Belarus (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-12.4 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported base metal motor vehicle locks in the CIS, comprising 86% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 7.2% share of total imports. It was followed by Belarus, with a 3% share.

In Russia, metal vehicle lock imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Uzbekistan (+75.2% per year) and Belarus (+12.8% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, rising by 5.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 7.2%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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