Global Metal Vehicle Lock Market 2024

Metal Vehicle Lock Market Size

The global metal vehicle lock market dropped modestly to $X in 2023, remaining constant against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Metal Vehicle Lock Production

In value terms, metal vehicle lock production reduced modestly 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 remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2023, global production growth remained at a lower figure.

Metal Vehicle Lock Exports

Exports

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. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in years to come.

In value terms, metal vehicle lock exports rose notably to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The global exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) and Mexico (X tons) were the main exporters of base metal motor vehicle locks in 2023, amounting to approx. X% and X% of total exports, respectively. Spain (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Germany (X%) and Canada (X%). The following exporters - Portugal (X tons), Romania (X tons), Italy (X tons), the United States (X tons), South Korea (X tons), India (X tons) and Poland (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest metal vehicle lock supplying countries worldwide were China ($X), Mexico ($X) and Germany ($X), together comprising X% of global exports. The Czech Republic, Canada, Portugal, Romania, the United States, Italy, Spain, South Korea, Poland and India lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average metal vehicle lock export price stood at $X per ton in 2023, flattening at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while Spain ($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 global leaders experienced more modest paces of growth.

Metal Vehicle Lock Imports

Imports

In 2023, overseas purchases of base metal motor vehicle locks increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, global imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, metal vehicle lock imports rose notably to $X in 2023. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked at $X in 2018; however, from 2019 to 2023, imports failed to regain momentum.

Imports by Country

The United States was the major importing country with an import of around X tons, which resulted at X% of total imports. It was distantly followed by Germany (X tons), Japan (X tons), the UK (X tons) and Spain (X tons), together committing a X% share of total imports. Mexico (X tons), Turkey (X tons), Canada (X tons), France (X tons), Brazil (X tons), Poland (X tons), China (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to metal vehicle lock imports into the United States stood at X%. At the same time, Poland (X%), the Czech Republic (X%), the UK (X%), Turkey (X%), Brazil (X%) and Spain (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Germany and Japan experienced a relatively flat trend pattern. By contrast, Mexico (X%), France (X%), Canada (X%) and China (X%) illustrated a downward trend over the same period. The United States (X p.p.) and the UK (X p.p.) significantly strengthened its position in terms of the global imports, while Canada and China saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal vehicle lock importing markets worldwide were the United States ($X), Germany ($X) and Spain ($X), with a combined X% share of global imports. Japan, China, the UK, Mexico, France, Turkey, Canada, Brazil, the Czech Republic and Poland lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average metal vehicle lock import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices remained at a 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 ($X per ton), while the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform