Europe: Metal Furniture Lock Market 2024

Metal Furniture Lock Market Size in Europe

The Europe metal furniture lock market rose significantly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Metal Furniture Lock Production in Europe

In value terms, metal furniture lock production shrank to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Metal Furniture Lock Exports

Exports in Europe

Metal furniture lock exports dropped to X tons in 2022, reducing by X% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, metal furniture lock exports fell to $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

Germany represented the main exporting country with an export of about X tons, which reached X% of total exports. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by Belgium (X%), France (X%), the UK (X%) and Italy (X%). Serbia (X tons), the Netherlands (X tons), Denmark (X tons), Sweden (X tons), Spain (X tons), Austria (X tons) and Belarus (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of base metal furniture locks. At the same time, Belarus (X%), the UK (X%), Sweden (X%), Austria (X%), Poland (X%) and Spain (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Serbia and France experienced a relatively flat trend pattern. By contrast, Belgium (X%), the Netherlands (X%), Denmark (X%) and Italy (X%) illustrated a downward trend over the same period. The UK (X p.p.), Poland (X p.p.), Belarus (X p.p.), Sweden (X p.p.) and Austria (X p.p.) significantly strengthened its position in terms of the total exports, while Denmark, Belgium, Germany and Italy saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Austria ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Italy, France, Belgium, Poland, the UK, Sweden, Spain, Denmark, Serbia and Belarus lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Belarus, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 Europe stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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

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

Metal Furniture Lock Imports

Imports in Europe

In 2022, purchases abroad of base metal furniture locks increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2018; afterwards, it flattened through to 2022.

In value terms, metal furniture lock imports amounted to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Russia (X tons), followed by Germany (X tons), the UK (X tons), Poland (X tons), the Netherlands (X tons), Italy (X tons), Spain (X tons) and France (X tons) were the main importers of base metal furniture locks, together creating X% of total imports. The following importers - Austria (X tons), Sweden (X tons), Belgium (X tons), Denmark (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

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

In value terms, the largest metal furniture lock importing markets in Europe were Germany ($X), the UK ($X) and the Netherlands ($X), together comprising X% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal furniture lock import price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Austria ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform