Scandinavia: Lock And Key Market 2025

Lock And Key Market Size in Scandinavia

The Scandinavia lock and key market totaled $X in 2021, surging by 14% against the previous year. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Lock And Key Production in Scandinavia

In value terms, lock and key production totaled $X in 2021 estimated in export price. Over the period under review, production saw a mild slump. The most prominent rate of growth was recorded in 2020 with an increase of 6.8%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Lock And Key Exports

Exports in Scandinavia

In 2021, approx. X tons of padlocks, locks and keys of base metal were exported in Scandinavia; with an increase of 15% on 2020 figures. The total export volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lock and key exports surged to $X in 2021. The total export value increased at an average annual rate of +4.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Sweden was the key exporter of padlocks, locks and keys of base metal in Scandinavia, with the volume of exports amounting to X tons, which was approx. 66% of total exports in 2021. Denmark (X tons) took the second position in the ranking, distantly followed by Finland (X tons). All these countries together held approx. 31% share of total exports. Norway (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the padlocks, locks and keys of base metal exports, with a CAGR of +5.4% from 2012 to 2021. At the same time, Finland (+1.5%) displayed positive paces of growth. By contrast, Norway (-2.7%) and Denmark (-3.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +17 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Denmark ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 96% share of total exports.

Among the main exporting countries, Finland, with a CAGR of +7.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, with an increase of 6.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2018 when the export price increased by 12%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($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 (+6.0%), while the other leaders experienced more modest paces of growth.

Lock And Key Imports

Imports in Scandinavia

In 2021, approx. X tons of padlocks, locks and keys of base metal were imported in Scandinavia; surging by 10% against 2020. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lock and key imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the largest importer of padlocks, locks and keys of base metal, mixing up 45% of total imports. Denmark (X tons) took the second position in the ranking, distantly followed by Finland (X tons) and Norway (X tons). All these countries together held near 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of +3.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lock and key importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), with a combined 84% share of total imports.

In terms of the main importing countries, Finland, with a CAGR of +6.5%, 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 import price in Scandinavia stood at $X per ton in 2021, surging by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Finland ($X per ton), while Denmark ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform