Central Asia: Lock And Key Market 2024

Lock And Key Market Size in Central Asia

In 2023, the Central Asian lock and key market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, recorded a prominent expansion. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Lock And Key Production in Central Asia

In value terms, lock and key production expanded notably 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 most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Lock And Key Exports

Exports in Central Asia

In 2023, exports of padlocks, locks and keys of base metal in Central Asia fell rapidly to X tons, which is down by X% against the previous year. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped significantly in the following year.

In value terms, lock and key exports fell dramatically to $X in 2023. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted markedly in the following year.

Exports by Country

In 2023, Kyrgyzstan (X tons) represented the major exporter of padlocks, locks and keys of base metal, creating X% of total exports. Uzbekistan (X tons) held the second position in the ranking, distantly followed by Kazakhstan (X tons). All these countries together took approx. X% share of total exports.

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

In value terms, the largest lock and key supplying countries in Central Asia were Kyrgyzstan ($X), Uzbekistan ($X) and Kazakhstan ($X), together accounting for X% of total exports.

Among the main exporting countries, Kyrgyzstan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price recorded a pronounced curtailment. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Lock And Key Imports

Imports in Central Asia

In 2023, approx. X tons of padlocks, locks and keys of base metal were imported in Central Asia; which is down by X% compared with the previous year. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, lock and key imports contracted notably to $X in 2023. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

Uzbekistan (X tons), Kyrgyzstan (X tons) and Kazakhstan (X tons) represented roughly X% of total imports in 2023. Turkmenistan (X tons) followed a long way behind the leaders.

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

In value terms, Kyrgyzstan ($X), Kazakhstan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

In terms of the main importing countries, Kyrgyzstan, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 Central Asia stood at $X per ton in 2023, declining by X% against the previous year. Import price indicated a slight expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then declined remarkably 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 Kyrgyzstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform