EU: Lock And Key Market 2025

Lock And Key Market Size in the EU

The EU lock and key market rose markedly to $X in 2021, with an increase of 9% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2017 when the market value increased by 9.8% against the previous year. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Lock And Key Production in the EU

In value terms, lock and key production dropped to $X in 2021 estimated in export price. In general, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 9.8% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Lock And Key Exports

Exports in the EU

After two years of decline, overseas shipments of padlocks, locks and keys of base metal increased by 15% to X tons in 2021. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lock and key exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and Austria (X tons) represented the key exporters of padlocks, locks and keys of base metal in 2021, accounting for near 27% and 20% of total exports, respectively. Italy (X tons) held the next position in the ranking, followed by Poland (X tons), Slovakia (X tons) and the Czech Republic (X tons). All these countries together took near 29% share of total exports. The following exporters - Spain (X tons), the Netherlands (X tons), France (X tons), Belgium (X tons), Sweden (X tons) and Romania (X tons) - together made up 16% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of +9.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest lock and key supplier in the European Union, comprising 34% of total exports. The second position in the ranking was taken by Austria ($X), with a 15% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +1.6%. In the other countries, the average annual rates were as follows: Austria (+5.8% per year) and Italy (+2.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 7.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the other leaders experienced more modest paces of growth.

Lock And Key Imports

Imports in the EU

In 2021, imports of padlocks, locks and keys of base metal in the European Union expanded sharply to X tons, picking up by 15% on 2020 figures. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lock and key imports soared to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons) and Poland (X tons) represented roughly 36% of total imports in 2021. France (X tons) ranks next in terms of the total imports with a 7.9% share, followed by Italy (7.6%), Spain (7.1%) and the Netherlands (5%). The Czech Republic (X tons), Slovakia (X tons), Romania (X tons), Belgium (X tons), Sweden (X tons), Austria (X tons) and Lithuania (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported padlocks, locks and keys of base metal in the European Union, comprising 22% of total imports. The second position in the ranking was held by Poland ($X), with an 11% share of total imports. It was followed by France, with a 9.6% share.

In Germany, lock and key imports increased at an average annual rate of +2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+7.8% per year) and France (+2.2% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, increasing by 7.3% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while Lithuania ($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 (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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