EU: Base Metal Keys Market 2025

Base Metal Keys Market Size in the EU

In 2022, the EU base metal keys market decreased by -82.3% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Base Metal Keys Production in the EU

In value terms, base metal keys production dropped significantly to $X in 2022 estimated in export price. In general, production, however, posted slight growth. The pace of growth appeared the most rapid in 2021 with an increase of 462%. As a result, production attained the peak level of $X, and then declined rapidly in the following year.

Base Metal Keys Exports

Exports in the EU

In 2022, approx. X tons of base metal keys were exported in the European Union; waning by -3.5% against the previous year. Over the period under review, exports, however, saw slight growth. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, base metal keys exports contracted to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 13%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tons) and Spain (X tons) dominates exports structure, together mixing up 70% of total exports. It was distantly followed by Germany (X tons), committing a 9.6% share of total exports. Poland (X tons), France (X tons), Sweden (X tons) and Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +17.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest base metal keys supplying countries in the European Union were Italy ($X), Germany ($X) and Spain ($X), with a combined 70% share of total exports. Belgium, Poland, France and Sweden lagged somewhat behind, together comprising a further 9.9%.

Poland, with a CAGR of +18.0%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with a decrease of -3.1% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 9.6%. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Spain ($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 (+0.5%), while the other leaders experienced more modest paces of growth.

Base Metal Keys Imports

Imports in the EU

Base metal keys imports declined slightly to X tons in 2022, leveling off at 2021. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 15% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, base metal keys imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of base metal keys imports in 2022 were Germany (X tons), France (X tons), Italy (X tons), Poland (X tons), the Netherlands (X tons), Hungary (X tons), the Czech Republic (X tons), Austria (X tons), Spain (X tons), Portugal (X tons), Belgium (X tons) and Romania (X tons), together resulting at 88% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 38% share of total imports.

Hungary, with a CAGR of +11.2%, recorded the highest growth rate of the value of imports, among 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 the European Union stood at $X per ton in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 an increase of 13% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :