U.S.: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in the U.S.

The U.S. safes and strongboxes market surged to $X in 2021, growing by 25% 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). Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.4% against 2019 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the near future.

Safes And Strongboxes Exports

Exports from the U.S.

In 2021, approx. X tons of safes, strongboxes and doors of base metal were exported from the United States; increasing by 20% compared with the previous year's figure. In general, exports, however, recorded a pronounced shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, safes and strongboxes exports skyrocketed to $X in 2021. Overall, exports, however, saw a perceptible reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Japan (X tons) were the main destinations of safes and strongboxes exports from the United States, together accounting for 71% of total exports. These countries were followed by France, the Philippines, Australia, the UK, Indonesia and the United Arab Emirates, which together accounted for a further 15%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +22.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X) remains the key foreign market for safes, strongboxes and doors of base metal exports from the United States, comprising 49% of total exports. The second position in the ranking was taken by Mexico ($X), with a 16% share of total exports. It was followed by Japan, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.5% per year) and Japan (-6.5% per year).

Export Prices by Country

In 2021, the average safes and strongboxes export price amounted to $X per ton, which is down by -2.9% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2013 an increase of 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($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 (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Safes And Strongboxes Imports

Imports into the U.S.

In 2021, overseas purchases of safes, strongboxes and doors of base metal increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +48.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 39%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, safes and strongboxes imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 38%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons) and Mexico (X tons) were the main suppliers of safes and strongboxes imports to the United States.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +15.1%).

In value terms, China ($X) constituted the largest supplier of safes, strongboxes and doors of base metal to the United States, comprising 65% of total imports. The second position in the ranking was held by Mexico ($X), with a 28% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.9%.

Import Prices by Country

In 2021, the average safes and strongboxes import price amounted to $X per ton, rising by 7.6% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The pace of growth appeared the most rapid in 2018 when the average import price increased by 7.8% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Mexico amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-0.7%).

Source: IndexBox Platform

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