Switzerland: Metal Furniture Lock Market 2024

Metal Furniture Lock Market Size in Switzerland

In 2022, the Swiss metal furniture lock market decreased by X% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, saw strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Metal Furniture Lock Exports

Exports from Switzerland

For the third year in a row, Switzerland recorded growth in overseas shipments of base metal furniture locks, which increased by X% to X tons in 2022. In general, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, metal furniture lock exports rose markedly to $X in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for metal furniture lock exports from Switzerland, accounting for a X% share of total exports. Moreover, metal furniture lock exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. Austria (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Austria (X% per year).

In value terms, Germany ($X) remains the key foreign market for base metal furniture locks exports from Switzerland, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with an X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average metal furniture lock export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Bulgaria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Furniture Lock Imports

Imports into Switzerland

In 2022, supplies from abroad of base metal furniture locks decreased by X% to X tons, falling for the third year in a row after four years of growth. In general, imports, however, continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, metal furniture lock imports expanded markedly to $X in 2022. Over the period under review, imports, however, showed resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest metal furniture lock supplier to Switzerland, accounting for a X% share of total imports. Moreover, metal furniture lock imports from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and China (X% per year).

In value terms, Germany ($X), Austria ($X) and China ($X) constituted the largest metal furniture lock suppliers to Switzerland, with a combined X% share of total imports. The Netherlands, Hungary, France and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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 average metal furniture lock import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a buoyant expansion. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Italy ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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