Middle East: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in the Middle East

The Middle Eastern metal vehicle lock market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Metal Vehicle Lock Production in the Middle East

In value terms, metal vehicle lock production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production posted a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 61%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Metal Vehicle Lock Exports

Exports in the Middle East

In 2021, overseas shipments of base metal motor vehicle locks were finally on the rise to reach X tons after four years of decline. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% 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.

In value terms, metal vehicle lock exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.4% 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.

Exports by Country

Turkey dominates exports structure, amounting to X tons, which was approx. 98% of total exports in 2021. The United Arab Emirates (X tons) held a little share of total exports.

Turkey was also the fastest-growing in terms of the base metal motor vehicle locks exports, with a CAGR of +6.3% from 2012 to 2021. The United Arab Emirates (-4.8%) illustrated a downward trend over the same period. While the share of Turkey (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-3.1 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest metal vehicle lock supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey totaled +7.3%.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, growing by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.5%).

Metal Vehicle Lock Imports

Imports in the Middle East

In 2021, purchases abroad of base metal motor vehicle locks increased by 26% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, metal vehicle lock imports surged to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) represented the key importer of base metal motor vehicle locks, making up 63% of total imports. Iran (X tons) held the second position in the ranking, followed by the United Arab Emirates (X tons) and Saudi Arabia (X tons). All these countries together held near 30% share of total imports. Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to metal vehicle lock imports into Turkey stood at +1.0%. At the same time, Iraq (+11.2%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +11.2% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Iran (-2.0%) and Saudi Arabia (-2.3%) illustrated a downward trend over the same period. While the share of Turkey (+4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Saudi Arabia (-1.8 p.p.) and Iran (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported base metal motor vehicle locks in the Middle East, comprising 77% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.3% share of total imports. It was followed by Iran, with a 4.9% 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: the United Arab Emirates (+8.7% per year) and Iran (-3.1% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, dropping by -4.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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