Europe: Lock And Key Market 2025

Lock And Key Market Size in Europe

The Europe lock and key market expanded notably to $X in 2021, increasing by 13% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lock And Key Production in Europe

In value terms, lock and key production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 10%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Lock And Key Exports

Exports in Europe

In 2021, overseas shipments of padlocks, locks and keys of base metal were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. 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 +3.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) and Austria (X tons) were the largest exporters of padlocks, locks and keys of base metal in 2021, resulting at near 25% and 19% of total exports, respectively. Italy (X tons) ranks next in terms of the total exports with a 10% share, followed by Poland (8%) and Slovakia (4.7%). The Czech Republic (X tons), Spain (X tons), the Netherlands (X tons), France (X tons), Belgium (X tons), Sweden (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key 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 ($X) remains the largest lock and key supplier in Europe, comprising 32% of total exports. The second position in the ranking was held by Austria ($X), with a 14% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +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 Europe stood at $X per ton in 2021, with an increase of 7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Europe

In 2021, approx. X tons of padlocks, locks and keys of base metal were imported in Europe; rising by 20% against the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of lock and key imports in 2021 were Germany (X tons), Poland (X tons), the UK (X tons), Russia (X tons), France (X tons), Italy (X tons), Spain (X tons), the Netherlands (X tons), the Czech Republic (X tons), Slovakia (X tons), Romania (X tons) and Belgium (X tons), together amounting to 78% of total import. Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main 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 ($X), the UK ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2021, with a combined 35% share of total imports. France, Russia, Italy, the Netherlands, Spain, the Czech Republic, Belgium, Sweden, Slovakia and Romania lagged somewhat behind, together comprising a further 44%.

Romania, with a CAGR of +8.0%, recorded the highest growth rate of 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 2021, surging by 3.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.6%. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

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 the Netherlands ($X per ton), while Russia ($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