Slovakia: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Slovakia

In 2021, after two years of growth, there was decline in the Slovak metal vehicle lock market, when its value decreased by -1.1% to $X. In general, consumption posted a prominent expansion. As a result, consumption reached the peak level of $X, and then shrank slightly in the following year.

Metal Vehicle Lock Exports

Exports from Slovakia

In 2021, overseas shipments of base metal motor vehicle locks decreased by -12.2% to X tons, falling for the fifth year in a row after five years of growth. Overall, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 27% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal vehicle lock exports contracted to $X in 2021. In general, exports showed a dramatic curtailment. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for metal vehicle lock exports from Slovakia, accounting for a 35% share of total exports. Moreover, metal vehicle lock exports to the Czech Republic exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-18.7% per year) and China (+11.7% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for base metal motor vehicle locks exports from Slovakia, comprising 37% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by Austria, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic totaled +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-21.6% per year) and Austria (-22.3% per year).

Export Prices by Country

In 2021, the average metal vehicle lock export price amounted to $X per ton, surging by 7.6% against the previous year. Overall, the export price, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Austria ($X per ton), while the average price for exports to Greece ($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 Austria (+3.6%), while the prices for the other major destinations experienced a decline.

Metal Vehicle Lock Imports

Imports into Slovakia

In 2021, the amount of base metal motor vehicle locks imported into Slovakia was estimated at X tons, approximately reflecting 2020. In general, imports, however, saw a mild setback. The most prominent rate of growth was recorded in 2013 when imports increased by 44%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, metal vehicle lock imports contracted to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 25%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Italy (X tons) and the Czech Republic (X tons) were the main suppliers of metal vehicle lock imports to Slovakia, together accounting for 78% of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +54.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Italy ($X) and the Czech Republic ($X) were the largest metal vehicle lock suppliers to Slovakia, together accounting for 73% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +56.1%, 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 -2.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2016 an increase of 26%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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