Luxembourg: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Luxembourg

In 2022, after two years of decline, there was significant growth in the Luxembourg base metal padlock market, when its value increased by 16% to $X. In general, the total consumption indicated a mild increase from 2012 to 2022: its value 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, consumption decreased by -31.3% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Base Metal Padlock Exports

Exports from Luxembourg

In 2022, exports of base metal padlocks from Luxembourg shrank sharply to X tons, reducing by -73% on the year before. Overall, exports, however, continue to indicate modest growth. The pace of growth appeared the most rapid in 2020 with an increase of 796% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal padlock exports reduced markedly to $X in 2022. In general, exports saw a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of 457%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Belgium (X kg), France (X kg) and Germany (X kg) were the main destinations of base metal padlock exports from Luxembourg, together accounting for 98% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +27.1%), while the other leaders experienced mixed trend patterns.

In value terms, Belgium ($X) remains the key foreign market for base metal padlocks exports from Luxembourg, comprising 66% of total exports. The second position in the ranking was taken by France ($X), with a 23% share of total exports. It was followed by Germany, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-3.8% per year) and Germany (+15.4% per year).

Export Prices by Country

The average base metal padlock export price stood at $X per ton in 2022, with a decrease of -9.8% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 an increase of 30% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 the Netherlands (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Padlock Imports

Imports into Luxembourg

After two years of decline, overseas purchases of base metal padlocks increased by 0.1% to X tons in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.1% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, base metal padlock imports shrank to $X in 2022. In general, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -29.3% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belgium (X tons) and China (X tons) were the main suppliers of base metal padlock imports to Luxembourg, with a combined 78% share of total imports. France, the Netherlands and the UK lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +24.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and France ($X) appeared to be the largest base metal padlock suppliers to Luxembourg, together accounting for 67% of total imports. China, the Netherlands and the UK lagged somewhat behind, together accounting for a further 14%.

The Netherlands, with a CAGR of +30.1%, recorded 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 2022, the average base metal padlock import price amounted to $X per ton, waning by -5.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 17%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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