Greece: Lock And Key Market 2025

Lock And Key Market Size in Greece

The Greek lock and key market skyrocketed to $X in 2021, increasing by 18% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +87.9% against 2013 indices. Lock and key consumption peaked in 2021 and is likely to see steady growth in the near future.

Lock And Key Production in Greece

In value terms, lock and key production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 103% against the previous year. Lock and key production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Lock And Key Exports

Exports from Greece

Lock and key exports from Greece skyrocketed to X tons in 2021, increasing by 25% on 2020 figures. The total export volume increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, lock and key exports soared to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +18.5% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Cyprus (X tons) and Bulgaria (X tons) were the main destinations of lock and key exports from Greece, together accounting for 33% of total exports. These countries were followed by Italy, Serbia, Romania, Albania, the United Arab Emirates, Kosovo, North Macedonia, Saudi Arabia, Turkey and Hungary, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +66.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Cyprus ($X), Germany ($X) and Romania ($X) appeared to be the largest markets for lock and key exported from Greece worldwide, together comprising 29% of total exports. These countries were followed by Bulgaria, the United Arab Emirates, Serbia, Italy, Saudi Arabia, Albania, Turkey, North Macedonia, Kosovo and Hungary, which together accounted for a further 46%.

Kosovo, with a CAGR of +47.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lock and key export price amounted to $X per ton, increasing by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+21.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Greece

In 2021, imports of padlocks, locks and keys of base metal into Greece expanded significantly to X tons, with an increase of 14% compared with 2020. Overall, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, lock and key imports surged to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Italy (X tons) and Germany (X tons) were the main suppliers of lock and key imports to Greece, together comprising 74% of total imports. These countries were followed by Austria, Bulgaria, Turkey and France, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +8.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) were the largest lock and key suppliers to Greece, together comprising 74% of total imports. These countries were followed by Austria, Bulgaria, France and Turkey, which together accounted for a further 14%.

In terms of the main suppliers, Austria, with a CAGR of +10.5%, saw 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

In 2021, the average lock and key import price amounted to $X per ton, surging by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :