Asia-Pacific: Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size in Asia-Pacific

The Asia-Pacific metal vehicle lock market contracted to $X in 2023, standing approx. at the previous year. The total consumption indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2023, consumption remained at a lower figure.

Metal Vehicle Lock Production in Asia-Pacific

In value terms, metal vehicle lock production declined slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Metal Vehicle Lock Exports

Exports in Asia-Pacific

In 2023, shipments abroad of base metal motor vehicle locks increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, metal vehicle lock exports expanded remarkably to $X in 2023. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by South Korea (X tons), India (X tons) and Vietnam (X tons), together achieving a X% share of total exports. Thailand (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, Vietnam and India increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal vehicle lock supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Thailand, with an X% share.

In China, metal vehicle lock exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports in Asia-Pacific

In 2023, overseas purchases of base metal motor vehicle locks decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports saw a slight slump. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, metal vehicle lock imports declined modestly to $X in 2023. Over the period under review, imports recorded a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the main importer of base metal motor vehicle locks in Asia-Pacific, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. It was distantly followed by China (X tons), Malaysia (X tons), Indonesia (X tons), India (X tons), South Korea (X tons) and Thailand (X tons), together making up a X% share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of base metal motor vehicle locks. At the same time, Malaysia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%), Thailand (X%), India (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan, Malaysia and South Korea increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Malaysia, South Korea, Indonesia and India lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Malaysia, 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 mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform