Russian Federation: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in the Russian Federation

In 2022, after two years of growth, there was decline in the Russian base metal padlock market, when its value decreased by -0.8% to $X. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Base Metal Padlock Production in the Russian Federation

In value terms, base metal padlock production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +79.2% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. Base metal padlock production peaked in 2022 and is likely to see gradual growth in the near future.

Base Metal Padlock Exports

Exports from the Russian Federation

After three years of growth, shipments abroad of base metal padlocks decreased by -16% to X tons in 2022. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 26%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined rapidly in the following year.

In value terms, base metal padlock exports contracted to $X in 2022. In general, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.8% against 2015 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28% against the previous year. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Belarus (X tons) was the main destination for base metal padlock exports from Russia, with a 68% share of total exports. Moreover, base metal padlock exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), sixfold. The third position in this ranking was taken by Armenia (X tons), with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume to Belarus totaled +17.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-6.6% per year) and Armenia (+56.2% per year).

In value terms, Belarus ($X) remains the key foreign market for base metal padlocks exports from Russia, comprising 69% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 16% share of total exports. It was followed by Armenia, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value to Belarus amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-5.6% per year) and Armenia (+67.9% per year).

Export Prices by Country

In 2022, the average base metal padlock export price amounted to $X per ton, with an increase of 6.2% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Armenia (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into the Russian Federation

In 2022, after two years of growth, there was significant decline in supplies from abroad of base metal padlocks, when their volume decreased by -12.8% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 25% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, base metal padlock imports fell to $X in 2022. In general, imports showed a mild decline. The growth pace was the most rapid in 2017 when imports increased by 61% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main base metal padlock supplier to Russia, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of base metal padlocks to Russia.

From 2012 to 2022, the average annual growth rate of value from China amounted to -1.3%.

Import Prices by Country

The average base metal padlock import price stood at $X per ton in 2022, surging by 7.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 32% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.7% per year.

Source: IndexBox Platform

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