Thailand: Metal Vehicle Lock Market 2025

Metal Vehicle Lock Market Size in Thailand

The Thai metal vehicle lock market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, recorded a pronounced contraction. Metal vehicle lock consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Metal Vehicle Lock Production in Thailand

In value terms, metal vehicle lock production rose notably to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Metal Vehicle Lock Exports

Exports from Thailand

In 2021, shipments abroad of base metal motor vehicle locks increased by 28% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a noticeable reduction. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal vehicle lock exports soared to $X in 2021. Overall, exports, however, continue to indicate a slight downturn. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Brazil (X tons) were the main destinations of metal vehicle lock exports from Thailand, with a combined 57% share of total exports. Indonesia, Malaysia, Pakistan, Argentina, South Africa, Egypt, the Czech Republic, Vietnam, the Philippines and the UK lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +243.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Brazil ($X) constituted the largest markets for metal vehicle lock exported from Thailand worldwide, together accounting for 42% of total exports. Malaysia, Indonesia, Pakistan, Argentina, South Africa, Vietnam, the Philippines, Egypt, the Czech Republic and the UK lagged somewhat behind, together comprising a further 51%.

Among the main countries of destination, the Czech Republic, with a CAGR of +239.8%, saw 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

The average metal vehicle lock export price stood at $X per ton in 2021, surging by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Japan ($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 the UK (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports into Thailand

In 2021, purchases abroad of base metal motor vehicle locks increased by 21% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, imports, however, showed a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 22%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal vehicle lock imports skyrocketed to $X in 2021. Overall, imports, however, showed a perceptible slump. The pace of growth was the most pronounced in 2017 when imports increased by 24% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of metal vehicle lock imports to Thailand, together accounting for 79% of total imports. These countries were followed by India, Japan, Germany and the Czech Republic, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +60.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Indonesia ($X) appeared to be the largest metal vehicle lock suppliers to Thailand, together accounting for 72% of total imports. India, Japan, Germany and the Czech Republic lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, India, with a CAGR of +66.1%, recorded 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 2021, the average metal vehicle lock import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a measured expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Indonesia ($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 (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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