Estonia: Lock And Key Market 2020

Lock And Key Market Size in Estonia

The revenue of the lock and key market in Estonia amounted to $X in 2018, jumping by X% against the previous year. In general, the total market indicated tangible growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. In that year, the lock and key market attained its peak level of $X. From 2012 to 2018, the growth of the lock and key market remained at a somewhat lower figure.

Lock And Key Production in Estonia

In value terms, lock and key production totaled $X in 2018 estimated in export prices. Overall, the total output indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, lock and key production increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when production volume increased by X% year-to-year. Estonia lock and key production peaked at $X in 2014; however, from 2015 to 2018, production failed to regain its momentum.

Lock And Key Exports

Exports from Estonia

In 2018, approx. X tons of padlocks, locks and keys of base metal were exported from Estonia; growing by X% against the previous year. Overall, lock and key exports continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. Over the period under review, lock and key exports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, lock and key exports amounted to $X in 2018. In general, lock and key exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Over the period under review, lock and key exports reached their maximum in 2018 and are likely to continue its growth in the near future.

Exports by Country

China represented the key exporter of padlocks, locks and keys of base metal in the world, with the volume of exports reaching X tons, which was approx. X% of total exports in 2018. Germany (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Austria (X%) and the U.S. (X%). The following exporters - Mexico (X tons), Italy (X tons), Canada (X tons), Poland (X tons), Taiwan, Chinese (X tons), South Korea (X tons), the Czech Republic (X tons) and Turkey (X tons) - together made up X% of total exports.

From 2007 to 2018, average annual rates of growth with regard to lock and key exports from China stood at +X%. At the same time, South Korea (+X%), Turkey (+X%), Poland (+X%), the Czech Republic (+X%), Austria (+X%), Mexico (+X%), Taiwan, Chinese (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Canada and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. From 2007 to 2018, the share of China, Austria and South Korea increased by +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lock and key supplier from Estonia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

In China, lock and key exports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The lock and key export price in Estonia stood at $X per ton in 2018, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the export price increased by X% y-o-y. Estonia export price peaked at $X per ton in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Lock And Key Imports

Imports into Estonia

Lock and key imports into Estonia amounted to X tons in 2018, increasing by X% against the previous year. Overall, the total imports indicated a mild expansion from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, lock and key imports increased by +X% against 2012 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, lock and key imports attained their peak figure at X tons in 2011; however, from 2012 to 2018, imports failed to regain their momentum.

In value terms, lock and key imports stood at $X in 2018. In general, the total imports indicated a modest increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, lock and key imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Estonia imports peaked in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, the U.S. (X tons) was the major importer of padlocks, locks and keys of base metal, mixing up X% of total imports. Germany (X tons) held the second position in the ranking, followed by Poland (X tons). All these countries together occupied near X% share of total imports. Mexico (X tons), Canada (X tons), Russia (X tons), the UK (X tons), Spain (X tons), France (X tons), Italy (X tons), India (X tons) and the Czech Republic (X tons) occupied a little share of total imports.

Imports into the U.S. increased at an average annual rate of +X% from 2007 to 2018. At the same time, India (+X%), Mexico (+X%), the Czech Republic (+X%), Poland (+X%), Canada (+X%), Italy (+X%), Russia (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany, France and the UK experienced a relatively flat trend pattern. While the share of the U.S. (+X p.p.), Mexico (+X p.p.), Poland (+X p.p.) and India (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported padlocks, locks and keys of base metal into Estonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual growth rate of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the UK (-X% per year).

Import Prices by Country

In 2018, the lock and key import price in Estonia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the lock and key import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Estonia import price peaked at $X per ton in 2014; however, from 2015 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was France ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform