Denmark: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Denmark

In 2021, the Danish metal vehicle lock market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, recorded a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Metal Vehicle Lock Production in Denmark

In value terms, metal vehicle lock production expanded rapidly to $X in 2021 estimated in export price. In general, production recorded a perceptible increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 158%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Metal Vehicle Lock Exports

Exports from Denmark

After nine years of growth, shipments abroad of base metal motor vehicle locks decreased by -1.9% to X tons in 2021. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 60%. The exports peaked at X tons in 2020, and then contracted slightly in the following year.

In value terms, metal vehicle lock exports shrank to $X in 2021. In general, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 49%. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Norway (X tons), Hungary (X tons) and Sweden (X tons) were the main destinations of metal vehicle lock exports from Denmark, with a combined 44% share of total exports. Iceland, Finland, Germany, Poland, Slovenia and Russia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +130.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal vehicle lock exported from Denmark were Norway ($X), Sweden ($X) and Hungary ($X), together comprising 45% of total exports. These countries were followed by Germany, Finland, Poland, Slovenia, Iceland and Russia, which together accounted for a further 35%.

Slovenia, with a CAGR of +124.9%, saw the highest growth rate of the value of exports, among 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 metal vehicle lock export price amounted to $X per ton, shrinking by -10.4% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to Iceland ($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 Finland (-2.4%), while the prices for the other major destinations experienced a decline.

Metal Vehicle Lock Imports

Imports into Denmark

In 2021, after three years of decline, there was significant growth in overseas purchases of base metal motor vehicle locks, when their volume increased by 25% to X tons. In general, imports showed a pronounced expansion. The most prominent rate of growth was recorded in 2013 with an increase of 121%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 169%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of metal vehicle lock to Denmark, accounting for a 77% share of total imports. Moreover, metal vehicle lock imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.3% per year) and Taiwan (Chinese) (+27.3% per year).

In value terms, the largest metal vehicle lock suppliers to Denmark were Germany ($X), China ($X) and Sweden ($X), together comprising 80% of total imports. The UK, Taiwan (Chinese), Italy and the Netherlands lagged somewhat behind, together comprising a further 10%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +32.4%, 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

The average metal vehicle lock import price stood at $X per ton in 2021, dropping by -4.8% against the previous year. Overall, the import price recorded a perceptible slump. The pace of growth was the most pronounced in 2013 an increase of 22% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+24.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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