Lithuania: Lock And Key Market 2020

Lock And Key Market Size in Lithuania

The revenue of the lock and key market in Lithuania amounted to $X in 2018, going up by X% against the previous year. In general, lock and key consumption continues to indicate a strong increase. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Lithuania lock and key consumption peaked in 2018 and is likely to see steady growth in the near future.

Lock And Key Production in Lithuania

In value terms, lock and key production totaled $X in 2018 estimated in export prices. Over the period under review, lock and key production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2012 when production volume increased by X% y-o-y. Over the period under review, lock and key production reached its maximum level at $X in 2007; however, from 2008 to 2018, production stood at a somewhat lower figure.

Lock And Key Exports

Exports from Lithuania

In 2018, approx. X tons of padlocks, locks and keys of base metal were exported from Lithuania; dropping by -X% against the previous year. In general, lock and key exports, however, continue to indicate remarkable growth. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Lithuania exports peaked at X tons in 2014; however, from 2015 to 2018, exports failed to regain their momentum.

In value terms, lock and key exports totaled $X in 2018. Overall, lock and key exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Lithuania exports peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

China was the key exporter of padlocks, locks and keys of base metal in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. Germany (X tons) took the second position in the ranking, followed by Austria (X tons) and the U.S. (X tons). All these countries together held near X% share of total exports. The following exporters - Mexico (X tons), Italy (X tons), Canada (X tons), Poland (X tons), Taiwan, Chinese (X tons), South Korea (X tons), the Czech Republic (X tons) and Turkey (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, South Korea (+X%), Turkey (+X%), Poland (+X%), the Czech Republic (+X%), Austria (+X%), Mexico (+X%), Taiwan, Chinese (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. Canada and Germany experienced a relatively flat trend pattern. By contrast, Italy (-X%) illustrated a downward trend over the same period. China (+X p.p.), Austria (+X p.p.) and South Korea (+X p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lock and key supplier from Lithuania, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual growth rate of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The lock and key export price in Lithuania stood at $X per ton in 2018, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices for padlocks, locks and keys of base metal reached their maximum at $X per ton in 2008; however, from 2009 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Taiwan, Chinese, while the other leaders experienced more modest paces of growth.

Lock And Key Imports

Imports into Lithuania

In 2018, the amount of padlocks, locks and keys of base metal imported into Lithuania stood at X tons, picking up by X% against the previous year. Overall, lock and key imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. Over the period under review, lock and key imports reached their maximum in 2018 and are expected to retain its growth in the immediate term.

In value terms, lock and key imports stood at $X in 2018. Overall, the total imports indicated a perceptible increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, lock and key imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Lithuania imports peaked in 2018 and are likely to continue its growth in the near future.

Imports by Country

The U.S. was the key importer of padlocks, locks and keys of base metal in the world, with the volume of imports reaching X tons, which was approx. X% of total imports in 2018. Germany (X tons) ranks second in terms of the total imports with a X% share, followed by Poland (X%). Mexico (X tons), Canada (X tons), Russia (X tons), the UK (X tons), Spain (X tons), France (X tons), Italy (X tons), India (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to lock and key imports into the U.S. stood at +X%. At the same time, India (+X%), Mexico (+X%), the Czech Republic (+X%), Poland (+X%), Canada (+X%), Italy (+X%), Russia (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer in the world, with a CAGR of +X% from 2007-2018. Germany, France and the UK experienced a relatively flat trend pattern. From 2007 to 2018, the share of the U.S., Mexico, Poland and India increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported padlocks, locks and keys of base metal into Lithuania, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and the UK (-X% per year).

Import Prices by Country

The lock and key import price in Lithuania stood at $X per ton in 2018, growing by X% against the previous year. Overall, the lock and key import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2011 when the import price increased by X% y-o-y. Lithuania import price peaked at $X per ton in 2007; however, from 2008 to 2018, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was France ($X per ton), while India ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform