Slovenia: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in Slovenia

The Slovene base metal padlock market shrank to $X in 2022, dropping by -7% against the previous year. Overall, consumption, however, continues to indicate tangible growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Base Metal Padlock Production in Slovenia

In value terms, base metal padlock production reduced to $X in 2022 estimated in export price. Overall, production, however, enjoyed perceptible growth. The growth pace was the most rapid in 2014 with an increase of 176% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Base Metal Padlock Exports

Exports from Slovenia

In 2022, shipments abroad of base metal padlocks decreased by -56.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 1,085% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, base metal padlock exports reduced rapidly to $X in 2022. In general, exports saw a mild shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 1,031% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Croatia (X tons), Montenegro (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of base metal padlock exports from Slovenia, with a combined 71% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +184.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) remains the key foreign market for base metal padlocks exports from Slovenia, comprising 42% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 15% share of total exports. It was followed by Montenegro, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Croatia stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-6.8% per year) and Montenegro (+156.0% per year).

Export Prices by Country

The average base metal padlock export price stood at $X per ton in 2022, with an increase of 51% against the previous year. Over the period under review, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 an increase of 60%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Italy ($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 Italy (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Slovenia

In 2022, purchases abroad of base metal padlocks decreased by -22.8% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 49% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, base metal padlock imports fell dramatically to $X in 2022. In general, imports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2020 with an increase of 51% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of base metal padlock to Slovenia, accounting for a 68% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.8% per year) and Germany (-5.0% per year).

In value terms, China ($X) constituted the largest supplier of base metal padlocks to Slovenia, comprising 62% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by Germany, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and Germany (-4.6% per year).

Import Prices by Country

In 2022, the average base metal padlock import price amounted to $X per ton, surging by 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2017 an increase of 27%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform