Europe: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Europe

In 2021, after three years of decline, there was significant growth in the Europe metal vehicle lock market, when its value increased by 11% to $X. Over the period under review, consumption, however, saw a slight descent. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Metal Vehicle Lock Production in Europe

In value terms, metal vehicle lock production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild contraction. The most prominent rate of growth was recorded in 2017 with an increase of 23% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Metal Vehicle Lock Exports

Exports in Europe

In 2021, overseas shipments of base metal motor vehicle locks increased by 7.7% to X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 8.3% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal vehicle lock exports expanded remarkably to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 16%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) and Germany (X tons) represented roughly 41% of total exports in 2021. Spain (X tons) held the next position in the ranking, followed by Romania (X tons), Portugal (X tons), Italy (X tons) and Poland (X tons). All these countries together held near 47% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +21.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Romania ($X) constituted the countries with the highest levels of exports in 2021, with a combined 59% share of total exports.

Romania, with a CAGR of +19.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 7.4% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.2%), while the other leaders experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports in Europe

In 2021, supplies from abroad of base metal motor vehicle locks increased by 8.8% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, metal vehicle lock imports expanded rapidly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany was the largest importing country with an import of around X tons, which reached 28% of total imports. Spain (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by the UK (11%), France (6.2%), Russia (5.1%), the Czech Republic (4.8%) and Italy (4.5%). Poland (X tons), Slovakia (X tons), Romania (X tons), Belgium (X tons), Sweden (X tons) and Portugal (X tons) followed a long way behind the leaders.

Imports into Germany decreased at an average annual rate of -1.6% from 2012 to 2021. At the same time, Italy (+5.1%), the Czech Republic (+5.0%), Sweden (+4.3%), Poland (+3.5%), the UK (+3.0%) and Spain (+1.6%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in Europe, with a CAGR of +5.1% from 2012-2021. Russia and Portugal experienced a relatively flat trend pattern. By contrast, Slovakia (-1.3%), Belgium (-3.9%), France (-4.5%) and Romania (-13.9%) illustrated a downward trend over the same period. The UK (+3 p.p.), Spain (+2.2 p.p.), the Czech Republic (+1.9 p.p.) and Italy (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while France, Germany and Romania saw its share reduced by -2.7%, -2.7% and -8.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported base metal motor vehicle locks in Europe, comprising 30% of total imports. The second position in the ranking was held by the UK ($X), with a 9.2% share of total imports. It was followed by Spain, with an 8.9% share.

In Germany, metal vehicle lock imports shrank by an average annual rate of -2.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the UK (+0.1% per year) and Spain (+2.6% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, growing by 4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 when the import price increased by 8.7% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while Spain ($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 (+26.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform