Pakistan: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Pakistan

The Pakistani metal vehicle lock market shrank sharply to $X in 2021, which is down by -70.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed measured growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports from Pakistan

After three years of growth, shipments abroad of base metal motor vehicle locks decreased by -4.3% to X tons in 2021. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 252% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, metal vehicle lock exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 443%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The United Arab Emirates (X tons), the United States (X kg) and Tanzania (X kg) were the main destinations of metal vehicle lock exports from Pakistan, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +117.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the United Arab Emirates ($X) and Tanzania ($X) were the largest markets for metal vehicle lock exported from Pakistan worldwide, with a combined 87% share of total exports.

Tanzania, with a CAGR of +113.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal vehicle lock export price amounted to $X per ton, surging by 44% against the previous year. Overall, the export price showed a strong expansion. The growth pace was the most rapid in 2015 an increase of 55% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Kenya ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Pakistan

In 2021, the amount of base metal motor vehicle locks imported into Pakistan declined sharply to X tons, falling by -79.6% compared with the year before. Overall, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of 718%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, metal vehicle lock imports declined notably to $X in 2021. In general, imports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 682% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest metal vehicle lock supplier to Pakistan, accounting for a 26% share of total imports. Moreover, metal vehicle lock imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.0% per year) and Japan (+11.7% per year).

In value terms, the largest metal vehicle lock suppliers to Pakistan were China ($X), Japan ($X) and Thailand ($X), together accounting for 16% of total imports.

In terms of the main suppliers, Japan, with a CAGR of +12.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average metal vehicle lock import price amounted to $X per ton, rising by 126% against the previous year. Over the period under review, the import price showed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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