Romania: Lock And Key Market 2025

Lock And Key Market Size in Romania

The Romanian lock and key market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2021: its value 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. Based on 2021 figures, consumption decreased by -4.3% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Lock And Key Production in Romania

In value terms, lock and key production contracted notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of 38% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Lock And Key Exports

Exports from Romania

In 2021, approx. X tons of padlocks, locks and keys of base metal were exported from Romania; standing approx. at the previous year's figure. In general, exports saw a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 45%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, lock and key exports surged to $X in 2021. Over the period under review, exports showed a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 66%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for lock and key exports from Romania, accounting for a 34% share of total exports. Moreover, lock and key exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by France (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+5.5% per year) and France (+17.1% per year).

In value terms, Germany ($X) remains the key foreign market for padlocks, locks and keys of base metal exports from Romania, comprising 35% of total exports. The second position in the ranking was taken by Spain ($X), with a 12% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+67.6% per year) and France (+5.7% per year).

Export Prices by Country

The average lock and key export price stood at $X per ton in 2021, picking up by 15% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Hungary ($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 Slovakia (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Lock And Key Imports

Imports into Romania

In 2021, the amount of padlocks, locks and keys of base metal imported into Romania expanded remarkably to X tons, with an increase of 6.4% on 2020 figures. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 24%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, lock and key imports expanded remarkably to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Turkey (X tons) and China (X tons) were the main suppliers of lock and key imports to Romania, with a combined 49% share of total imports. Poland, Italy, Slovakia, Hungary, Austria, the Czech Republic and France lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of padlocks, locks and keys of base metal to Romania, comprising 23% of total imports. The second position in the ranking was taken by Turkey ($X), with an 11% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+8.2% per year) and China (+11.1% per year).

Import Prices by Country

The average lock and key import price stood at $X per ton in 2021, rising by 7.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2020 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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