Slovakia: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Slovakia

In 2022, the Slovak base metal padlock market increased by 4.4% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. Base metal padlock consumption peaked at $X in 2012; afterwards, it flattened through to 2022.

Base Metal Padlock Exports

Exports from Slovakia

In 2022, shipments abroad of base metal padlocks increased by 21% to X tons, rising for the fourth year in a row after two years of decline. In general, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 49% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, base metal padlock exports totaled $X in 2022. Overall, exports posted a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 104% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The Czech Republic (X tons) was the main destination for base metal padlock exports from Slovakia, accounting for a 34% share of total exports. Moreover, base metal padlock exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+5.6% per year) and Poland (+7.7% per year).

In value terms, the largest markets for base metal padlock exported from Slovakia were Poland ($X), the Czech Republic ($X) and Austria ($X), together accounting for 74% of total exports.

In terms of the main countries of destination, Austria, with a CAGR of +53.6%, recorded 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

In 2022, the average base metal padlock export price amounted to $X per ton, falling by -11.8% against the previous year. In general, the export price, however, saw a resilient expansion. The growth pace was the most rapid in 2019 when the average export price increased by 70% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Serbia ($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 Austria (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Slovakia

In 2022, purchases abroad of base metal padlocks increased by 7.1% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, continue to indicate a mild downturn. The growth pace was the most rapid in 2018 with an increase of 89%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, base metal padlock imports rose significantly to $X in 2022. Over the period under review, imports enjoyed a noticeable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 75% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest base metal padlock supplier to Slovakia, accounting for a 67% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+1.9% per year) and Germany (+20.7% per year).

In value terms, China ($X), the Czech Republic ($X) and Germany ($X) were the largest base metal padlock suppliers to Slovakia, together comprising 84% of total imports.

Germany, with a CAGR of +33.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average base metal padlock import price stood at $X per ton in 2022, with an increase of 4.9% against the previous year. In general, the import price posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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