Asia: Safes And Strongboxes Market 2024

Safes And Strongboxes Market Size in Asia

The Asian safes and strongboxes market rose to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2023 and is likely to see steady growth in the near future.

Safes And Strongboxes Production in Asia

In value terms, safes and strongboxes production expanded to $X in 2023 estimated in export price. The total production indicated a notable increase 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Safes And Strongboxes Exports

Exports in Asia

In 2023, overseas shipments of safes, strongboxes and doors of base metal decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, safes and strongboxes exports dropped slightly to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2022, and then declined modestly in the following year.

Exports by Country

In 2023, China (X tons) represented the largest exporter of safes, strongboxes and doors of base metal, comprising X% of total exports. It was distantly followed by South Korea (X tons), mixing up a X% share of total exports. The following exporters - Thailand (X tons), Indonesia (X tons), Vietnam (X tons) and India (X tons) - each accounted for a X% share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of safes, strongboxes and doors of base metal. At the same time, Vietnam (X%) and India (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2023. By contrast, South Korea (X%), Indonesia (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest safes and strongboxes supplier in Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In China, safes and strongboxes 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 Vietnam (X% per year).

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, stabilizing at the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, leveling off in the following year.

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 Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Safes And Strongboxes Imports

Imports in Asia

In 2023, supplies from abroad of safes, strongboxes and doors of base metal increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, safes and strongboxes imports fell modestly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then shrank modestly in the following year.

Imports by Country

The countries with the highest levels of safes and strongboxes imports in 2023 were the United Arab Emirates (X tons), Japan (X tons), India (X tons), Indonesia (X tons), Thailand (X tons) and Iraq (X tons), together reaching X% of total import. The following importers - the Philippines (X tons), Malaysia (X tons), Hong Kong SAR (X tons), Kuwait (X tons), Saudi Arabia (X tons), South Korea (X tons) and Lebanon (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for South Korea (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Japan ($X) and India ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Indonesia, Iraq, Thailand, the Philippines, Hong Kong SAR, South Korea, Kuwait, Malaysia, Lebanon and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform