Europe: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in Europe

The Europe base metal padlock market expanded notably to $X in 2022, surging by 6.9% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Base Metal Padlock Production in Europe

In value terms, base metal padlock production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by 8% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Base Metal Padlock Exports

Exports in Europe

In 2022, shipments abroad of base metal padlocks decreased by -8.6% to X tons for the first time since 2015, thus ending a six-year rising trend. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 14% against the previous year. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, base metal padlock exports declined slightly to $X in 2022. The total export value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The biggest shipments were from France (X tons), Germany (X tons) and Spain (X tons), together reaching 45% of total export. Italy (X tons) took the next position in the ranking, followed by Sweden (X tons), the Netherlands (X tons), Poland (X tons) and Belarus (X tons). All these countries together took approx. 31% share of total exports. Russia (X tons), Finland (X tons), Belgium (X tons), the UK (X tons) and the Czech Republic (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +28.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and France ($X) were the countries with the highest levels of exports in 2022, with a combined 50% share of total exports. Italy, Poland, Spain, Sweden, the Netherlands, the UK, Belgium, the Czech Republic, Russia and Belarus lagged somewhat behind, together comprising a further 41%.

Poland, with a CAGR of +31.0%, saw 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 2022, the export price in Europe amounted to $X per ton, surging by 5.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the export price increased by 16% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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 Finland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.7%), while the other leaders experienced more modest paces of growth.

Base Metal Padlock Imports

Imports in Europe

In 2022, the amount of base metal padlocks imported in Europe shrank slightly to X tons, waning by -4.5% against 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 9.7% against the previous year. The volume of import peaked at X tons in 2021, and then contracted in the following year.

In value terms, base metal padlock imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Russia (X tons) and France (X tons) were the major importers of base metal padlocks in Europe, together creating 31% of total imports. The UK (X tons) ranks next in terms of the total imports with a 9.8% share, followed by Germany (8.7%), Italy (7.1%), Spain (6.7%), the Netherlands (5.9%) and Poland (5%). Sweden (X tons), Portugal (X tons), Ukraine (X tons), Belgium (X tons) and Belarus (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Portugal (with a CAGR of +9.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 41% share of total imports. Spain, the Netherlands, Italy, Poland, Sweden, Russia, Belgium, Portugal, Ukraine and Belarus lagged somewhat behind, together comprising a further 41%.

Poland, with a CAGR of +14.0%, saw the highest rates of growth with regard to the value of imports, in terms of 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 Europe stood at $X per ton in 2022, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform