Switzerland: Lock And Key Market 2025

Lock And Key Market Size in Switzerland

For the fifth consecutive year, the Swiss lock and key market recorded growth in sales value, which increased by 20% to $X in 2021. In general, consumption continues to indicate a strong expansion. Lock and key consumption peaked in 2021 and is likely to see steady growth in the immediate term.

Lock And Key Production in Switzerland

In value terms, lock and key production declined to $X in 2021 estimated in export price. Over the period under review, production, however, showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 152%. Lock and key production peaked at $X in 2020, and then shrank in the following year.

Lock And Key Exports

Exports from Switzerland

In 2021, overseas shipments of padlocks, locks and keys of base metal increased by 30% to X tons for the first time since 2014, thus ending a six-year declining trend. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, lock and key exports soared to $X in 2021. Overall, exports continue to indicate mild growth. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for lock and key exports from Switzerland, with a 57% share of total exports. Moreover, lock and key exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by China (X tons), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.9% per year) and China (+22.9% per year).

In value terms, the largest markets for lock and key exported from Switzerland were Germany ($X), Austria ($X) and France ($X), together accounting for 72% of total exports. Poland and China lagged somewhat behind, together comprising a further 5.3%.

Poland, with a CAGR of +8.2%, recorded the highest growth rate of 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 lock and key export price stood at $X per ton in 2021, shrinking by -5% against the previous year. In general, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 an increase of 9.6%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Austria ($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 France (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Lock And Key Imports

Imports into Switzerland

In 2021, overseas purchases of padlocks, locks and keys of base metal increased by 194% to X tons, rising for the fourth consecutive year after three years of decline. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lock and key imports soared to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat 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.

Imports by Country

Austria (X tons), Germany (X tons) and China (X tons) were the main suppliers of lock and key imports to Switzerland, together accounting for 83% of total imports. These countries were followed by Italy, France and Taiwan (Chinese), which together accounted for a further 9.3%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +8.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest lock and key suppliers to Switzerland were Germany ($X), Austria ($X) and China ($X), with a combined 75% share of total imports. These countries were followed by Italy, France and Taiwan (Chinese), which together accounted for a further 13%.

Taiwan (Chinese), with a CAGR of +9.8%, 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 lock and key import price stood at $X per ton in 2021, falling by -59.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 193%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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