Denmark: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Denmark

The Danish base metal padlock market soared to $X in 2022, jumping by 41% against the previous year. Overall, consumption saw a notable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Base Metal Padlock Production in Denmark

In value terms, base metal padlock production reduced to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt descent. The pace of growth was the most pronounced in 2021 when the production volume increased by 15%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Base Metal Padlock Exports

Exports from Denmark

In 2022, shipments abroad of base metal padlocks increased by 32% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 83%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, base metal padlock exports surged to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 141% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Sweden (X tons) was the main destination for base metal padlock exports from Denmark, accounting for a 65% share of total exports. Moreover, base metal padlock exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), fivefold. Finland (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+10.0% per year) and Finland (+19.6% per year).

In value terms, Sweden ($X) remains the key foreign market for base metal padlocks exports from Denmark, comprising 65% of total exports. The second position in the ranking was held by Norway ($X), with a 13% share of total exports. It was followed by Germany, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+17.5% per year) and Germany (+17.1% per year).

Export Prices by Country

The average base metal padlock export price stood at $X per ton in 2022, dropping by -10.3% against the previous year. Over the period under review, the export price, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 63%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Denmark

In 2022, approx. X tons of base metal padlocks were imported into Denmark; rising by 49% against the year before. Overall, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal padlock imports skyrocketed to $X in 2022. Over the period under review, imports recorded strong growth. The growth pace was the most rapid in 2021 when imports increased by 48%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Sweden (X tons), Hong Kong SAR (X tons) and China (X tons) were the main suppliers of base metal padlock imports to Denmark, together accounting for 70% of total imports. Germany, the Netherlands, Finland, France, Italy, the UK and the Czech Republic lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +69.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Germany ($X) and Sweden ($X) appeared to be the largest base metal padlock suppliers to Denmark, with a combined 68% share of total imports. China, France, Finland, the Netherlands, Italy, the UK and the Czech Republic lagged somewhat behind, together accounting for a further 25%.

Finland, with a CAGR of +70.1%, saw the highest growth rate of 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 2022, the average base metal padlock import price amounted to $X per ton, with a decrease of -11.9% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 an increase of 38% against the previous year. The import price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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