Saudi Arabia: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Saudi Arabia

The Saudi base metal padlock market shrank significantly to less than $X in 2022, which is down by 99.9% against the previous year. Overall, consumption saw a deep downturn. Base metal padlock consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Base Metal Padlock Production in Saudi Arabia

In value terms, base metal padlock production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

Base Metal Padlock Exports

Exports from Saudi Arabia

In 2022, the amount of base metal padlocks exported from Saudi Arabia skyrocketed to X tons, increasing by 370% compared with 2021 figures. In general, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 805%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, base metal padlock exports surged to $X in 2022. Overall, exports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by 573% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X tons) was the main destination for base metal padlock exports from Saudi Arabia, with a 72% share of total exports. Moreover, base metal padlock exports to Mozambique exceeded the volume sent to the second major destination, Jordan (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to Mozambique stood at +596.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (+14.4% per year) and the Netherlands (+234.1% per year).

In value terms, Mozambique ($X), Jordan ($X) and the Netherlands ($X) constituted the largest markets for base metal padlock exported from Saudi Arabia worldwide, together accounting for 98% of total exports. Moreover, base metal padlock exports in Mozambique exceeded the figures recorded by the second-largest exporter, Jordan, twofold.

Mozambique, with a CAGR of +548.8%, saw the highest growth rate of 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 2022, the average base metal padlock export price amounted to $X per ton, falling by -13.3% against the previous year. Overall, the export price, however, showed a moderate expansion. The pace of growth was the most pronounced in 2021 an increase of 165%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per ton), while the average price for exports to the Netherlands ($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 Nigeria (+31.9%), while the prices for the other major destinations experienced mixed trend patterns.

Base Metal Padlock Imports

Imports into Saudi Arabia

In 2021, imports of base metal padlocks into Saudi Arabia shrank notably to X tons, which is down by -16.2% compared with the previous year's figure. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, base metal padlock imports skyrocketed to $X in 2021. Overall, imports continue to indicate a abrupt decrease. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of base metal padlock to Saudi Arabia, with a 55% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.0% per year) and Spain (-10.6% per year).

In value terms, the largest base metal padlock suppliers to Saudi Arabia were Italy ($X), China ($X) and Spain ($X), together accounting for 89% of total imports.

Among the main suppliers, Spain, with a CAGR of -6.9%, recorded the highest rates of growth with regard to 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 base metal padlock import price amounted to $X per ton, picking up by 67% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($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 (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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