Ireland: Lock And Key Market 2025

Lock And Key Market Size in Ireland

The Irish lock and key market surged to $X in 2021, increasing by 71% against the previous year. Overall, consumption enjoyed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lock And Key Production in Ireland

In value terms, lock and key production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 91% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Lock And Key Exports

Exports from Ireland

Lock and key exports from Ireland expanded slightly to X tons in 2021, increasing by 1.8% on 2020 figures. Overall, total exports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.7% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 22%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, lock and key exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by 19% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for lock and key exports from Ireland, with a 55% share of total exports. Moreover, lock and key exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Bulgaria (X tons), with a 6.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.5% per year) and Bulgaria (+281.5% per year).

In value terms, Germany ($X), Bulgaria ($X) and the UK ($X) were the largest markets for lock and key exported from Ireland worldwide, together accounting for 70% of total exports.

Bulgaria, with a CAGR of +267.9%, recorded 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, picking up by 7.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 14%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 France (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Ireland

Lock and key imports into Ireland skyrocketed to X tons in 2021, surging by 29% on 2020 figures. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 30%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, lock and key imports surged to $X in 2021. In general, imports continue to indicate a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest lock and key supplier to Ireland, accounting for a 45% share of total imports. Moreover, lock and key imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. India (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.7% per year) and India (+17.2% per year).

In value terms, the largest lock and key suppliers to Ireland were China ($X), the UK ($X) and Italy ($X), together comprising 68% of total imports. India, Germany, Taiwan (Chinese), the Netherlands and Austria lagged somewhat behind, together accounting for a further 15%.

The Netherlands, with a CAGR of +32.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, rising by 25% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained 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 Taiwan (Chinese) ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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