Sweden: Base Metal Padlock Market 2025

Base Metal Padlock Market Size in Sweden

After two years of decline, the Swedish base metal padlock market increased by 71% to $X in 2022. Overall, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Base Metal Padlock Production in Sweden

In value terms, base metal padlock production declined modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 54%. 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.

Base Metal Padlock Exports

Exports from Sweden

In 2022, shipments abroad of base metal padlocks decreased by -28.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 108%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell sharply in the following year.

In value terms, base metal padlock exports reduced remarkably to $X in 2022. In general, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 57% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then fell sharply in the following year.

Exports by Country

Denmark (X tons), Estonia (X tons) and Norway (X tons) were the main destinations of base metal padlock exports from Sweden, together comprising 68% of total exports. Latvia, Finland, the UK and Hungary lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +129.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Denmark ($X) and Estonia ($X) appeared to be the largest markets for base metal padlock exported from Sweden worldwide, with a combined 58% share of total exports. Finland, the UK, Latvia and Hungary lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Latvia, with a CAGR of +107.5%, 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, with an increase of 12% against the previous year. In general, the export price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Latvia ($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 the UK (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Base Metal Padlock Imports

Imports into Sweden

After four years of decline, supplies from abroad of base metal padlocks increased by 69% to X tons in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, base metal padlock imports soared to $X in 2022. In general, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +59.2% against 2020 indices. As a result, imports reached the peak 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 Sweden, with a 56% share of total imports. Moreover, base metal padlock imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. Finland (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+39.1% per year) and Finland (+12.8% per year).

In value terms, China ($X), Denmark ($X) and Finland ($X) were the largest base metal padlock suppliers to Sweden, together comprising 71% of total imports.

Denmark, with a CAGR of +51.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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, shrinking by -12.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 12%. The import price peaked at $X per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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