MENA: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in MENA

The MENA's base metal padlock market contracted rapidly to $X in 2022, dropping by -19.5% against the previous year. Overall, consumption recorded a pronounced slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Base Metal Padlock Production in MENA

In value terms, base metal padlock production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Base Metal Padlock Exports

Exports in MENA

In 2022, shipments abroad of base metal padlocks was finally on the rise to reach X tons for the first time since 2015, thus ending a six-year declining trend. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 107% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, base metal padlock exports rose notably to $X in 2022. Over the period under review, exports, however, recorded a pronounced setback. The growth pace was the most rapid in 2015 with an increase of 59% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the main exporter of base metal padlocks, generating 67% of total exports. It was distantly followed by Turkey (X tons), making up a 17% share of total exports. Israel (X tons), Oman (X tons), Saudi Arabia (X tons) and Lebanon (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to base metal padlock exports from the United Arab Emirates stood at +3.0%. At the same time, Israel (+46.8%) and Oman (+27.1%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +46.8% from 2012-2022. By contrast, Lebanon (-1.6%), Turkey (-5.5%) and Saudi Arabia (-11.0%) illustrated a downward trend over the same period. The United Arab Emirates (+15 p.p.), Israel (+4.1 p.p.) and Oman (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and Turkey saw its share reduced by -5.5% and -14.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest base metal padlock supplying countries in MENA were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), together comprising 76% of total exports.

Israel, with a CAGR of +49.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, reducing by -42.2% against the previous year. In general, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of 46%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then dropped notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Base Metal Padlock Imports

Imports in MENA

Base metal padlock imports dropped to X tons in 2022, declining by -14.4% compared with the year before. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, base metal padlock imports dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 15% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the nine major importers of base metal padlocks, namely the United Arab Emirates, Iran, Morocco, Egypt, Iraq, Djibouti, Turkey, Algeria and Yemen, represented more than two-thirds of total import. The following importers - Lebanon (X tons) and Jordan (X tons) - each resulted at a 3.6% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Iran ($X) and Djibouti ($X) were the countries with the highest levels of imports in 2022, together accounting for 43% of total imports. Iraq, Yemen, Morocco, Algeria, Turkey, Egypt, Lebanon and Jordan lagged somewhat behind, together comprising a further 40%.

Among the main importing countries, Iraq, with a CAGR of +7.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, shrinking by -8.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 19% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Yemen ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Djibouti (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform