Eastern Europe: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Eastern Europe

In 2021, the East European metal vehicle lock market increased by 7.7% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Metal Vehicle Lock Production in Eastern Europe

In value terms, metal vehicle lock production amounted to $X in 2021 estimated in export price. The total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -42.1% against 2017 indices. The growth pace was the most rapid in 2017 when the production volume increased by 73%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports in Eastern Europe

In 2021, overseas shipments of base metal motor vehicle locks were finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of 11% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal vehicle lock exports expanded rapidly to $X in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 18%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic represented the main exporter of base metal motor vehicle locks in Eastern Europe, with the volume of exports resulting at X tons, which was approx. 49% of total exports in 2021. Romania (X tons) ranks second in terms of the total exports with a 29% share, followed by Poland (13%) and Bulgaria (6.1%). Hungary (X tons) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +32.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest metal vehicle lock supplying countries in Eastern Europe were the Czech Republic ($X), Romania ($X) and Poland ($X), with a combined 90% share of total exports. Bulgaria and Hungary lagged somewhat behind, together accounting for a further 8.2%.

Bulgaria, with a CAGR of +35.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 Eastern Europe stood at $X per ton in 2021, picking up by 7.7% against the previous year. Over the period under review, the export price, however, recorded a mild decline. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per ton), while Bulgaria ($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 (+15.5%), while the other leaders experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports in Eastern Europe

In 2021, supplies from abroad of base metal motor vehicle locks increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a slight descent. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the six major importers of base metal motor vehicle locks, namely Russia, the Czech Republic, Poland, Slovakia, Romania and Hungary, represented more than two-thirds of total import. Ukraine (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal vehicle lock importing markets in Eastern Europe were Russia ($X), the Czech Republic ($X) and Slovakia ($X), with a combined 56% share of total imports. These countries were followed by Hungary, Poland, Romania and Ukraine, which together accounted for a further 42%.

Hungary, with a CAGR of +22.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, surging by 4.4% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal vehicle lock import price increased by +1.9% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 27% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+26.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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