Hong Kong SAR, China: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Hong Kong SAR, China

The Hong Kong base metal padlock market contracted significantly to $X in 2022, falling by -42.9% against the previous year. In general, consumption, however, continues to indicate a mild increase. Over the period under review, the market hit record highs at $X in 2021, and then reduced markedly in the following year.

Base Metal Padlock Production in Hong Kong SAR, China

In value terms, base metal padlock production soared to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of 232% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Base Metal Padlock Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of base metal padlocks decreased by -38.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, base metal padlock exports reduced dramatically to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 6.4% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for base metal padlock exports from Hong Kong SAR, with a 63% share of total exports. Moreover, base metal padlock exports to the United States exceeded the volume sent to the second major destination, France (X tons), fourfold. Australia (X tons) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.9% per year) and Australia (-8.1% per year).

In value terms, the United States ($X) remains the key foreign market for base metal padlocks exports from Hong Kong SAR, comprising 56% of total exports. The second position in the ranking was held by France ($X), with a 17% share of total exports. It was followed by Australia, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+0.7% per year) and Australia (-8.0% per year).

Export Prices by Country

In 2022, the average base metal padlock export price amounted to $X per ton, with an increase of 14% against the previous year. In general, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, base metal padlock export price increased by +18.8% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 62%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($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 Germany (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of base metal padlocks were imported into Hong Kong SAR; declining by -48.7% on 2021. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, base metal padlock imports dropped sharply to $X in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of base metal padlock to Hong Kong SAR, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -10.5%.

In value terms, China ($X) constituted the largest supplier of base metal padlocks to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China totaled -7.7%.

Import Prices by Country

The average base metal padlock import price stood at $X per ton in 2022, picking up by 21% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.1% per year.

Source: IndexBox Platform

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