Report Update Nov 1, 2024

Sri Lanka - Base Metal Motor Vehicle Locks - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Sri Lanka

The Sri Lankan metal vehicle lock market soared to $X in 2021, rising by 57% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a buoyant increase. Metal vehicle lock consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Metal Vehicle Lock Exports

Exports from Sri Lanka

In 2021, approx. X kg of base metal motor vehicle locks were exported from Sri Lanka; which is down by -63.5% compared with 2020 figures. In general, exports recorded a slight reduction. The growth pace was the most rapid in 2014 with an increase of 627% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, metal vehicle lock exports contracted notably to $X in 2021. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 653%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Maldives (X kg), Seychelles (X kg) and Australia (X kg) were the main destinations of metal vehicle lock exports from Sri Lanka, together accounting for 84% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Maldives (with a CAGR of +22.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Maldives ($X) and Australia ($X) were the largest markets for metal vehicle lock exported from Sri Lanka worldwide, with a combined 90% share of total exports.

Maldives, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal vehicle lock export price stood at $X per ton in 2021, waning by -40.7% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when the average export price increased by 70%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Seychelles ($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 Seychelles (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Sri Lanka

After two years of decline, purchases abroad of base metal motor vehicle locks increased by 124% to X tons in 2021. Over the period under review, imports recorded a notable increase. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. In general, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by 79% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of metal vehicle lock to Sri Lanka, accounting for a 87% share of total imports. Moreover, metal vehicle lock imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India amounted to +11.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.7% per year) and Japan (-16.1% per year).

In value terms, India ($X) constituted the largest supplier of base metal motor vehicle locks to Sri Lanka, comprising 81% of total imports. The second position in the ranking was held by China ($X), with a 6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.7% per year) and Japan (-6.5% per year).

Import Prices by Country

The average metal vehicle lock import price stood at $X per ton in 2021, shrinking by -37.9% against the previous year. Overall, the import price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2019 an increase of 69%. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then declined rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for base metal motor vehicle locks in the world?

China constituted the country with the largest volume of metal vehicle lock consumption, accounting for 27% of total volume. Moreover, metal vehicle lock consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 11% share.

What are the largest producers of base metal motor vehicle locks in the world?

China remains the largest metal vehicle lock producing country worldwide, accounting for 33% of total volume. Moreover, metal vehicle lock production in China exceeded the figures recorded by the second-largest producer, India, threefold. Mexico ranked third in terms of total production with an 8.6% share.

What are the leading suppliers of base metal motor vehicle locks to Sri Lanka?

In value terms, India constituted the largest supplier of metal vehicle lock to Sri Lanka, comprising 77% of total imports. The second position in the ranking was occupied by China, with a 9.7% share of total imports.

What is the average export price for base metal motor vehicle locks in Sri Lanka?

The average metal vehicle lock export price stood at $10,278 per ton in 2020, shrinking by -9.5% against the previous year.

What is the average import price for base metal motor vehicle locks in Sri Lanka?

The average metal vehicle lock import price stood at $6,142 per ton in 2020, with a decrease of -32.8% against the previous year.

This report provides an in-depth analysis of the metal vehicle lock market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25721150 - Base metal motor vehicle locks

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023