Eastern Europe: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Eastern Europe

After two years of growth, the East European base metal padlock market decreased by -2.1% to $X in 2022. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Base Metal Padlock Production in Eastern Europe

In value terms, base metal padlock production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 20%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Base Metal Padlock Exports

Exports in Eastern Europe

In 2022, shipments abroad of base metal padlocks decreased by -8.6% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 36%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, base metal padlock exports declined modestly to $X in 2022. In general, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

The shipments of the three major exporters of base metal padlocks, namely Poland, Belarus and Russia, represented more than two-thirds of total export. The Czech Republic (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Romania (5.7%). The following exporters - Slovakia (X tons) and Hungary (X tons) - together made up 6.8% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +28.7%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest base metal padlock supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total exports. It was followed by Romania, with a 10% share.

In Poland, base metal padlock exports expanded at an average annual rate of +31.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (-4.6% per year) and Romania (+10.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by 5.5% against the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal padlock export price increased by +92.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 29%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.7%), while the other leaders experienced more modest paces of growth.

Base Metal Padlock Imports

Imports in Eastern Europe

In 2022, base metal padlock imports in Eastern Europe shrank to X tons, reducing by -7.5% on 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, base metal padlock imports expanded modestly to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +120.6% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 30%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) represented the major importer of base metal padlocks, generating 50% of total imports. Poland (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Ukraine (6.9%), Belarus (5.7%), Hungary (5.2%) and Romania (4.9%). The Czech Republic (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 padlocks. At the same time, Hungary (+12.5%), Belarus (+8.8%) and Poland (+5.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +12.5% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Romania (-1.7%) and Ukraine (-2.1%) illustrated a downward trend over the same period. Poland (+6 p.p.), Hungary (+3.4 p.p.) and Belarus (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Ukraine and Russia saw its share reduced by -2.3% and -8.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal padlock importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for 67% of total imports.

In terms of the main importing countries, Poland, with a CAGR of +14.0%, recorded the highest rates of growth with regard to 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

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by 9.8% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal padlock import price increased by +88.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by 17%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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