India - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Furniture Lock Price in India - 2023
Contents:
- Metal Furniture Lock Price in India (CIF) - 2022
- Metal Furniture Lock Price in India (FOB) - 2022
- Metal Furniture Lock Imports in India
- Metal Furniture Lock Exports in India
Metal Furniture Lock Price in India (CIF) - 2022
In 2022, the average metal furniture lock import price amounted to $5,527 per ton, dropping by -9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 93% against the previous year. The import price peaked at $22,391 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($10,414 per ton), while the price for China ($3,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Furniture Lock Price in India (FOB) - 2022
In 2022, the average metal furniture lock export price amounted to $5,299 per ton, reducing by -11.7% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal furniture lock export price decreased by -22.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. The export price peaked at $6,829 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($11,821 per ton), while the average price for exports to the United Arab Emirates ($1,695 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Furniture Lock Imports in India
Metal furniture lock imports into India soared to 2.9K tons in 2022, growing by 52% against 2021 figures. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 266% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, metal furniture lock imports soared to $16M in 2022. In general, imports showed resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Metal Furniture Lock in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.7 | 2.1 | 3.2 | 6.8 | 22.5% |
| China | 7.9 | 3.6 | 6.4 | 6.6 | -5.8% |
| Austria | 0.5 | 0.7 | 1.0 | 1.0 | 26.0% |
| Hong Kong SAR | 0.6 | 0.4 | 0.1 | 0.6 | 0.0% |
| Others | 0.5 | 0.6 | 1.0 | 1.3 | 37.5% |
| Total | 13.2 | 7.4 | 11.8 | 16.3 | 7.3% |
Top Suppliers of Metal Furniture Lock to India in 2022:
- China (2099.6 tons)
- Thailand (652.4 tons)
- Hong Kong SAR (66.3 tons)
- Austria (30.1 tons)
Metal Furniture Lock Exports in India
In 2022, after three years of growth, there was significant decline in shipments abroad of base metal furniture locks, when their volume decreased by -12.1% to 216 tons. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. As a result, the exports reached the peak of 246 tons, and then reduced in the following year.
In value terms, metal furniture lock exports contracted notably to $1.1M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, the exports attained the peak of $1.5M, and then declined notably in the following year.
| Export of Metal Furniture Lock in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 129 | 115 | 184 | 273 | 28.4% |
| Nepal | 75.7 | 73.0 | 239 | 246 | 48.1% |
| Australia | 15.1 | 125 | 229 | 111 | 94.4% |
| United Arab Emirates | 276 | 259 | 154 | 86.7 | -32.0% |
| United States | 27.1 | 26.5 | 82.3 | 78.1 | 42.3% |
| Bhutan | 14.4 | 31.7 | 41.8 | 50.3 | 51.7% |
| Bangladesh | 33.0 | 16.0 | 57.1 | 48.2 | 13.5% |
| Saudi Arabia | 4.0 | 16.9 | 26.9 | 37.2 | 110.3% |
| Tanzania | 3.8 | 38.3 | 125 | 34.1 | 107.8% |
| South Africa | 39.3 | 54.6 | 57.4 | 24.5 | -14.6% |
| Maldives | 7.5 | 0.9 | 1.5 | 21.4 | 41.8% |
| Malawi | 1.9 | 15.5 | 23.1 | 17.8 | 110.8% |
| Kenya | 31.3 | 14.4 | 84.0 | 1.9 | -60.7% |
| Others | 96.3 | 151 | 171 | 116 | 6.4% |
| Total | 754 | 937 | 1,477 | 1,146 | 15.0% |
Top Export Markets for Metal Furniture Lock from India in 2022:
- United Arab Emirates (51.1 tons)
- Nepal (47.9 tons)
- Sri Lanka (25.5 tons)
- Bangladesh (18.6 tons)
- Australia (12.6 tons)
- Bhutan (9.2 tons)
- South Africa (8.1 tons)
- Maldives (8.1 tons)
- United States (6.6 tons)
- Malawi (6.6 tons)
- Tanzania (3.8 tons)
- Saudi Arabia (3.7 tons)
- Kenya (0.2 tons)
This report provides an in-depth analysis of the metal furniture lock market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25721170 - Base metal furniture locks
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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