Scandinavia: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Scandinavia

In 2021, the Scandinavia metal vehicle lock market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Metal Vehicle Lock Production in Scandinavia

In value terms, metal vehicle lock production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 2,611% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Metal Vehicle Lock Exports

Exports in Scandinavia

In 2021, metal vehicle lock exports in Scandinavia contracted rapidly to X tons, which is down by -35.8% on the previous year. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 125% against the previous year. As a result, the exports attained the peak of X tons, and then plummeted in the following year.

In value terms, metal vehicle lock exports plummeted to $X in 2021. Overall, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 236%. As a result, the exports reached the peak of $X, and then shrank sharply in the following year.

Exports by Country

Sweden represented the largest exporting country with an export of about X tons, which reached 77% of total exports. Denmark (X tons) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Finland (7.1%).

From 2012 to 2021, average annual rates of growth with regard to metal vehicle lock exports from Sweden stood at +5.0%. At the same time, Denmark (+23.1%) and Finland (+7.4%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +23.1% from 2012-2021. From 2012 to 2021, the share of Denmark increased by +11 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest metal vehicle lock supplier in Scandinavia, comprising 89% of total exports. The second position in the ranking was held by Denmark ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +4.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+15.5% per year) and Finland (+1.8% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, waning by -21.5% against the previous year. Over the period under review, the export price showed a mild curtailment. The most prominent rate of growth was recorded in 2020 an increase of 49%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-0.2%), while the other leaders experienced a decline in the export price figures.

Metal Vehicle Lock Imports

Imports in Scandinavia

In 2021, overseas purchases of base metal motor vehicle locks increased by 8.4% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 29% against the previous year. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2021.

In value terms, metal vehicle lock imports totaled $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 17%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Sweden dominates imports structure, finishing at X tons, which was near 79% of total imports in 2021. Finland (X tons) ranks second in terms of the total imports with a 9.4% share, followed by Denmark (7.5%). Norway (X tons) took a relatively small share of total imports.

Imports into Sweden increased at an average annual rate of +4.3% from 2012 to 2021. At the same time, Finland (+9.3%), Norway (+4.7%) and Denmark (+4.0%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +9.3% from 2012-2021. Finland (+3 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported base metal motor vehicle locks in Scandinavia, comprising 78% of total imports. The second position in the ranking was taken by Finland ($X), with a 9.7% share of total imports. It was followed by Denmark, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden was relatively modest. In the other countries, the average annual rates were as follows: Finland (+5.5% per year) and Denmark (+0.1% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, rising by 2.7% against the previous year. Overall, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 5.8% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-3.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform