Israel: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Israel

The Israeli metal vehicle lock market skyrocketed to $X in 2021, with an increase of 33% 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). The market value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Metal Vehicle Lock Exports

Exports from Israel

In 2021, the amount of base metal motor vehicle locks exported from Israel reduced markedly to X kg, waning by -45.1% on 2020. Overall, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2020 with an increase of 326% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, metal vehicle lock exports contracted significantly to $X in 2021. Over the period under review, exports recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 when exports increased by 129%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X kg) was the main destination for metal vehicle lock exports from Israel, with a 50% share of total exports. Moreover, metal vehicle lock exports to Mexico exceeded the volume sent to the second major destination, the United States (X kg), sixfold. France (X kg) ranked third in terms of total exports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico totaled +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.9% per year) and France (+16.7% per year).

In value terms, the largest markets for metal vehicle lock exported from Israel were Russia ($X), the United States ($X) and Mexico ($X), with a combined 19% share of total exports. These countries were followed by France, Trinidad and Tobago, Turkey, Spain, Estonia and India, which together accounted for a further 11%.

France, with a CAGR of +14.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average metal vehicle lock export price stood at $X per ton in 2021, growing by 2.6% against the previous year. Overall, the export price, however, showed a perceptible decrease. The growth pace was the most rapid in 2018 an increase of 84%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Mexico ($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 India (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Israel

In 2021, approx. X tons of base metal motor vehicle locks were imported into Israel; picking up by 31% against 2020 figures. The total import volume increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal vehicle lock imports soared to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 metal vehicle lock supplier to Israel, with a 40% share of total imports. Moreover, metal vehicle lock imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.1% per year) and the Czech Republic (+22.1% per year).

In value terms, China ($X) constituted the largest supplier of base metal motor vehicle locks to Israel, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by the Czech Republic, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.1% per year) and the Czech Republic (+22.2% per year).

Import Prices by Country

The average metal vehicle lock import price stood at $X per ton in 2021, picking up by 1.6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Spain ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+0.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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