Southern Asia: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Southern Asia

The South Asian base metal padlock market reduced to $X in 2022, falling by -12.8% against the previous year. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Base Metal Padlock Production in Southern Asia

In value terms, base metal padlock production shrank slightly to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.7% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 27%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Base Metal Padlock Exports

Exports in Southern Asia

For the fourth consecutive year, Southern Asia recorded growth in overseas shipments of base metal padlocks, which increased by 36% to X tons in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 76% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, base metal padlock exports reduced to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2015 when exports increased by 79% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

India (X tons) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the base metal padlocks exports, with a CAGR of +27.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest base metal padlock supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to +24.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with a decrease of -35.4% against the previous year. Over the period under review, the export price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 when the export price increased by 29% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -2.1% per year.

Base Metal Padlock Imports

Imports in Southern Asia

Base metal padlock imports contracted to X tons in 2022, shrinking by -14.6% compared with the year before. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 45%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, base metal padlock imports dropped remarkably to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 48%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh represented the main importing country with an import of about X tons, which resulted at 66% of total imports. Pakistan (X tons) took the second position in the ranking, followed by India (X tons). All these countries together held approx. 25% share of total imports. The following importers - Nepal (X tons) and Afghanistan (X tons) - each reached a 7.8% share of total imports.

Imports into Bangladesh increased at an average annual rate of +2.8% from 2012 to 2022. At the same time, Nepal (+13.3%) and Afghanistan (+8.3%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +13.3% from 2012-2022. By contrast, India (-5.5%) and Pakistan (-5.9%) illustrated a downward trend over the same period. Bangladesh (+18 p.p.), Nepal (+3 p.p.) and Afghanistan (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while India and Pakistan saw its share reduced by -6.9% and -10.9% from 2012 to 2022, respectively.

In value terms, the largest base metal padlock importing markets in Southern Asia were Bangladesh ($X), Pakistan ($X) and India ($X), with a combined 90% share of total imports. Nepal and Afghanistan lagged somewhat behind, together comprising a further 9%.

In terms of the main importing countries, Nepal, with a CAGR of +16.6%, saw 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

In 2022, the import price in Southern Asia amounted to $X per ton, waning by -7.7% against the previous year. Over the period under review, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when the import price increased by 26% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Pakistan ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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