South-Eastern Asia: Base Metal Padlock Market 2024

Base Metal Padlock Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian base metal padlock market decreased by X% to $X in 2023. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Base Metal Padlock Production in South-Eastern Asia

In value terms, base metal padlock production amounted to $X in 2023 estimated in export price. In general, production showed a perceptible curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Base Metal Padlock Exports

Exports in South-Eastern Asia

In 2023, the amount of base metal padlocks exported in South-Eastern Asia was estimated at X tons, rising by X% compared with the previous year. Overall, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, base metal padlock exports soared to $X in 2023. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the major exporter of base metal padlocks in South-Eastern Asia, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Malaysia (X tons) held the second position in the ranking, followed by Vietnam (X tons), Singapore (X tons) and the Philippines (X tons). All these countries together took near X% share of total exports. Indonesia (X tons) took a relatively small share of total exports.

Exports from Thailand increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%), Indonesia (X%), Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Singapore (X p.p.) and the Philippines (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports. The Philippines, Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the export price in South-Eastern Asia amounted to $X per ton, surging by X% against the previous year. Export price indicated a strong expansion from 2012 to 2023: its price 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, base metal padlock export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Base Metal Padlock Imports

Imports in South-Eastern Asia

After two years of growth, purchases abroad of base metal padlocks decreased by X% to X tons in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, base metal padlock imports fell to $X in 2023. Total imports indicated tangible 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Indonesia represented the largest importer of base metal padlocks in South-Eastern Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Thailand (X tons) held the second position in the ranking, followed by Myanmar (X tons), Vietnam (X tons), Malaysia (X tons) and Cambodia (X tons). All these countries together held near X% share of total imports. The Philippines (X tons) took a relatively small share of total imports.

Imports into Indonesia increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Myanmar (X%), Cambodia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) and the Philippines (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Myanmar (X p.p.), Vietnam (X p.p.), Cambodia (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) and the Philippines (X p.p.) displayed negative dynamics.

In value terms, Indonesia ($X) constitutes the largest market for imported base metal padlocks in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Indonesia was relatively modest. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2023, the import price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. Import price indicated a mild 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. Based on 2023 figures, base metal padlock import price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2023 and is expected to retain growth in years to come.

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 ($X per ton), while Myanmar ($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