Croatia: Lock And Key Market 2025

Lock And Key Market Size in Croatia

The Croatian lock and key market surged to $X in 2021, with an increase of 27% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lock And Key Production in Croatia

In value terms, lock and key production reached $X in 2021 estimated in export price. In general, production showed a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 4.9%. Lock and key production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lock And Key Exports

Exports from Croatia

Lock and key exports from Croatia totaled X tons in 2021, picking up by 7.3% against 2020 figures. In general, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +10.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +52.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 63%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, lock and key exports soared to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.7% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 50% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for lock and key exports from Croatia, with a 35% share of total exports. Moreover, lock and key exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+28.7% per year) and Hungary (+19.8% per year).

In value terms, the largest markets for lock and key exported from Croatia were Bosnia and Herzegovina ($X), Serbia ($X) and Slovenia ($X), together comprising 62% of total exports. These countries were followed by Germany, Hungary, Bulgaria, Italy, Austria, Belgium and France, which together accounted for a further 30%.

Bulgaria, with a CAGR of +340.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, jumping by 35% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. 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 destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Belgium ($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 Germany (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Croatia

In 2021, after two years of decline, there was significant growth in supplies from abroad of padlocks, locks and keys of base metal, when their volume increased by 22% to X tons. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lock and key imports soared to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Slovenia (X tons) and China (X tons) were the main suppliers of lock and key imports to Croatia, with a combined 52% share of total imports. Italy, Austria, Poland, Hungary and Turkey lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +25.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) constituted the largest lock and key suppliers to Croatia, with a combined 54% share of total imports. Slovenia, China, Poland, Hungary and Turkey lagged somewhat behind, together accounting for a further 35%.

Hungary, with a CAGR of +31.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, flattening at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :