Saudi Arabia: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Saudi Arabia

The Saudi metal vehicle lock market reached $X in 2021, with an increase of 12% against the previous year. Over the period under review, consumption posted a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Metal Vehicle Lock Production in Saudi Arabia

In value terms, metal vehicle lock production rose notably to $X in 2021 estimated in export price. Overall, production continues to indicate prominent growth. The growth pace was the most rapid in 2014 with an increase of 86% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports from Saudi Arabia

In 2021, after three years of growth, there was significant decline in shipments abroad of base metal motor vehicle locks, when their volume decreased by -14.4% to X tons. Overall, exports faced a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 57%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal vehicle lock exports shrank remarkably to $X in 2021. In general, exports showed a dramatic descent. The growth pace was the most rapid in 2014 when exports increased by 24%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Sudan (X tons) was the main destination for metal vehicle lock exports from Saudi Arabia, accounting for a 99% share of total exports. It was followed by Yemen (X kg), with a 0.4% share of total exports. Bahrain (X kg) ranked third in terms of total exports with a 0.2% share.

From 2012 to 2021, the average annual growth rate of volume to Sudan amounted to -13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-50.1% per year) and Bahrain (-31.6% per year).

In value terms, the largest markets for metal vehicle lock exported from Saudi Arabia were Sudan ($X), Hong Kong SAR ($X) and Yemen ($X), with a combined 64% share of total exports.

Among the main countries of destination, Yemen, with a CAGR of -23.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average metal vehicle lock export price stood at $X per ton in 2021, waning by -11.8% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by 179%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Sudan ($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 Yemen (+54.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Saudi Arabia

In 2021, the amount of base metal motor vehicle locks imported into Saudi Arabia soared to X tons, increasing by 49% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a perceptible downturn. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. In general, imports, however, saw a pronounced setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest metal vehicle lock supplier to Saudi Arabia, accounting for a 44% share of total imports. Moreover, metal vehicle lock imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.1% per year) and Japan (+8.1% per year).

In value terms, Germany ($X), Mexico ($X) and China ($X) were the largest metal vehicle lock suppliers to Saudi Arabia, with a combined 53% share of total imports.

Among the main suppliers, Mexico, with a CAGR of +10.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal vehicle lock import price stood at $X per ton in 2021, reducing by -21.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 41%. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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