South-Eastern Asia: Metal Furniture Lock Market 2024

Metal Furniture Lock Market Size in South-Eastern Asia

The Southeast Asian metal furniture lock market skyrocketed to $X in 2022, surging by X% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Metal Furniture Lock Production in South-Eastern Asia

In value terms, metal furniture lock production fell slightly to $X in 2022 estimated in export price. Overall, production posted a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Metal Furniture Lock Exports

Exports in South-Eastern Asia

Metal furniture lock exports fell to X tons in 2022, waning by X% compared with 2021. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal furniture lock exports shrank slightly to $X in 2022. In general, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand represented the key exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Malaysia (X tons) and Singapore (X tons), together committing a X% share of total exports.

Thailand experienced a relatively flat trend pattern with regard to volume of exports of base metal furniture locks. At the same time, Malaysia (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Malaysia (X p.p.) and Singapore (X p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest metal furniture lock supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Singapore ($X), with a combined X% share of total exports.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded prominent growth. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced more modest paces of growth.

Metal Furniture Lock Imports

Imports in South-Eastern Asia

Metal furniture lock imports totaled X tons in 2022, surging by X% on the year before. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, metal furniture lock imports rose to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Indonesia (X tons) and Vietnam (X tons) were the key importers of base metal furniture locks in 2022, accounting for approx. X% and X% of total imports, respectively. Singapore (X tons) ranks next in terms of the total imports with an X% share, followed by Malaysia (X%). Thailand (X tons) and Myanmar (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Vietnam ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Singapore, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 South-Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank 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 Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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