Report Update Feb 1, 2025

Pakistan - Base Metal Motor Vehicle Locks - Market Analysis, Forecast, Size, Trends and Insights

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal motor vehicle locks in the world?

China remains the largest metal vehicle lock consuming country worldwide, accounting for 27% of total volume. Moreover, metal vehicle lock consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 11% share.

What are the largest producers of base metal motor vehicle locks in the world?

China constituted the country with the largest volume of metal vehicle lock production, accounting for 33% of total volume. Moreover, metal vehicle lock production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Mexico, with an 8.6% share.

What are the leading suppliers of base metal motor vehicle locks to Pakistan?

In value terms, Thailand constituted the largest supplier of metal vehicle lock to Pakistan, comprising 70% of total imports. The second position in the ranking was occupied by China, with an 18% share of total imports.

What is the average export price for base metal motor vehicle locks in Pakistan?

The average metal vehicle lock export price stood at $1,725 per ton in 2020, declining by -77.6% against the previous year.

What is the average import price for base metal motor vehicle locks in Pakistan?

The average metal vehicle lock import price stood at $6,106 per ton in 2020, jumping by 32% against the previous year.

This report provides an in-depth analysis of the metal vehicle lock market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25721150 - Base metal motor vehicle locks

Country coverage:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024