Greece: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in Greece

The Greek base metal padlock market reduced to $X in 2022, shrinking by -11.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Base Metal Padlock Exports

Exports from Greece

In 2022, shipments abroad of base metal padlocks increased by 4.1% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 344%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, base metal padlock exports totaled $X in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of 190%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for base metal padlock exports from Greece, accounting for a 50% share of total exports. Moreover, base metal padlock exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +152.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+52.0% per year) and Spain (+61.8% per year).

In value terms, Italy ($X) remains the key foreign market for base metal padlocks exports from Greece, comprising 37% of total exports. The second position in the ranking was held by Germany ($X), with an 8.1% share of total exports. It was followed by France, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +110.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+192.3% per year) and France (+28.2% per year).

Export Prices by Country

In 2022, the average base metal padlock export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 an increase of 94% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Greece

Base metal padlock imports into Greece dropped sharply to X tons in 2022, which is down by -17.6% compared with 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +53.5% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. As a result, imports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, base metal padlock imports amounted to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 26%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of base metal padlock to Greece, accounting for a 79% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. Germany (X tons) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.1% per year) and Germany (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of base metal padlocks to Greece, comprising 56% of total imports. The second position in the ranking was taken by Italy ($X), with a 14% share of total imports. It was followed by Germany, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.3% per year) and Germany (+6.9% per year).

Import Prices by Country

In 2022, the average base metal padlock import price amounted to $X per ton, jumping by 22% against the previous year. In general, the import price, however, saw a noticeable curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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