MENA: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in MENA

In 2021, the MENA's metal vehicle lock market was finally on the rise to reach $X after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Metal Vehicle Lock Production in MENA

In value terms, metal vehicle lock production stood at $X in 2021 estimated in export price. The total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.5% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 37%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Metal Vehicle Lock Exports

Exports in MENA

After four years of decline, overseas shipments of base metal motor vehicle locks increased by 70% to X tons in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal vehicle lock exports skyrocketed to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, resulting at X tons, which was approx. 92% of total exports in 2021. It was distantly followed by Morocco (X tons), mixing up a 5.7% share of total exports. The United Arab Emirates (X tons) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to metal vehicle lock exports from Turkey stood at +6.3%. At the same time, Morocco (+142.1%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of +142.1% from 2012-2021. By contrast, the United Arab Emirates (-4.8%) illustrated a downward trend over the same period. While the share of Morocco (+5.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-2.2 p.p.) and the United Arab Emirates (-3.2 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest metal vehicle lock supplier in MENA, comprising 89% of total exports. The second position in the ranking was taken by Morocco ($X), with a 6.6% share of total exports.

In Turkey, metal vehicle lock exports increased at an average annual rate of +7.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (+117.5% per year) and the United Arab Emirates (+9.0% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 4.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.5%), while the other leaders experienced mixed trends in the export price figures.

Metal Vehicle Lock Imports

Imports in MENA

After three years of decline, supplies from abroad of base metal motor vehicle locks increased by 33% to X tons in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.7% 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

Turkey was the main importing country with an import of around X tons, which finished at 53% of total imports. Iran (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (9.3%), the United Arab Emirates (6.9%) and Saudi Arabia (5.7%). The following importers - Egypt (X tons) and Algeria (X tons) - together made up 5.4% of total imports.

Imports into Turkey increased at an average annual rate of +1.0% from 2012 to 2021. At the same time, Morocco (+32.2%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of +32.2% from 2012-2021. Algeria and the United Arab Emirates experienced a relatively flat trend pattern. By contrast, Iran (-2.0%), Saudi Arabia (-2.3%) and Egypt (-12.8%) illustrated a downward trend over the same period. Morocco (+8.6 p.p.) and Turkey (+3.1 p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia, Iran and Egypt saw its share reduced by -1.6%, -3% and -8.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported base metal motor vehicle locks in MENA, comprising 60% of total imports. The second position in the ranking was taken by Morocco ($X), with a 17% share of total imports. It was followed by the United Arab Emirates, with a 7.3% share.

In Turkey, metal vehicle lock imports expanded at an average annual rate of +1.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+45.1% per year) and the United Arab Emirates (+8.7% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, with an increase of 8.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Morocco ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Morocco (+9.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform