Scandinavia: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Scandinavia

The Scandinavia base metal padlock market skyrocketed to $X in 2022, picking up by 36% against the previous year. The total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +49.1% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Base Metal Padlock Production in Scandinavia

In value terms, base metal padlock production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 25%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Base Metal Padlock Exports

Exports in Scandinavia

After three years of growth, shipments abroad of base metal padlocks decreased by -17.6% to X tons in 2022. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 50% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank significantly in the following year.

In value terms, base metal padlock exports surged to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.3% 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 +60.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Sweden represented the major exporter of base metal padlocks in Scandinavia, with the volume of exports finishing at X tons, which was near 66% of total exports in 2022. It was distantly followed by Finland (X tons), committing a 34% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +12.3%).

In value terms, Finland ($X) remains the largest base metal padlock supplier in Scandinavia, comprising 71% of total exports. The second position in the ranking was taken by Sweden ($X), with a 27% share of total exports.

In Finland, base metal padlock exports increased at an average annual rate of +7.6% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, increasing by 41% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.3%).

Base Metal Padlock Imports

Imports in Scandinavia

In 2022, overseas purchases of base metal padlocks increased by 37% to X tons, rising for the second year in a row after three years of decline. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal padlock imports surged to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden represented the key importer of base metal padlocks in Scandinavia, with the volume of imports reaching X tons, which was approx. 70% of total imports in 2022. Norway (X tons) held the second position in the ranking, followed by Finland (X tons). All these countries together held approx. 30% share of total imports.

Sweden was also the fastest-growing in terms of the base metal padlocks imports, with a CAGR of +4.7% from 2012 to 2022. At the same time, Finland (+2.1%) displayed positive paces of growth. Norway experienced a relatively flat trend pattern. While the share of Sweden (+7.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-2 p.p.) and Norway (-5.1 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported base metal padlocks in Scandinavia, comprising 60% of total imports. The second position in the ranking was taken by Finland ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled +4.3%. In the other countries, the average annual rates were as follows: Finland (+14.5% per year) and Norway (+0.8% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, shrinking by -3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2018 when the import price increased by 13%. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+12.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform