Northern America: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Northern America

The North American metal vehicle lock market rose modestly to $X in 2021, with an increase of 1.9% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the market value increased by 2.7% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Vehicle Lock Production in Northern America

In value terms, metal vehicle lock production declined to $X in 2021 estimated in export price. In general, production saw a abrupt setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports in Northern America

In 2021, overseas shipments of base metal motor vehicle locks were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -29.5% against 2016 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, metal vehicle lock exports reached $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 13%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons), followed by Canada (X tons) were the main exporters of base metal motor vehicle locks, together creating 100% of total exports.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +11.6%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2021.

Canada, with a CAGR of +12.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, surging by 6.4% against the previous year. In general, the export price, however, continues to indicate a slight downturn. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.6%).

Metal Vehicle Lock Imports

Imports in Northern America

In 2021, purchases abroad of base metal motor vehicle locks was finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a slight descent. The pace of growth was the most pronounced in 2016 with an increase of 17%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, metal vehicle lock imports expanded markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a slight shrinkage. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The United States prevails in imports structure, amounting to X tons, which was near 94% of total imports in 2021. It was distantly followed by Canada (X tons), constituting a 6.5% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of base metal motor vehicle locks. Canada (-10.6%) illustrated a downward trend over the same period. The United States (+9.4 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -9.4% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported base metal motor vehicle locks in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with a 9.2% share of total imports.

In the United States, metal vehicle lock imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -6.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.5%).

Source: IndexBox Platform

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