Report Update: Apr 26, 2024

Chile - Padlocks, Locks And Keys Of Base Metal - Market Analysis, Forecast, Size, Trends and Insights

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Lock and Key Price in Chile - 2023

Lock and Key Price in Chile (CIF) - 2023

In July 2023, the average lock and key import price amounted to $4,677 per ton, growing by 9.9% against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable setback. The growth pace was the most rapid in February 2023 when the average import price increased by 114% against the previous month. The import price peaked at $7,069 per ton in September 2022; however, from October 2022 to July 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to July 2023, the rate of growth in terms of prices for China amounted to -4.0% per month.

Lock and Key Price in Chile (FOB) - 2022

The average lock and key export price stood at $7,264 per ton in 2022, shrinking by -7.5% against the previous year. Overall, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 72%. As a result, the export price reached the peak level of $9,470 per ton. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($15,426 per ton), while the average price for exports to Colombia ($4,234 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 Argentina (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lock and Key Imports in Chile

After three years of growth, overseas purchases of padlocks, locks and keys of base metal decreased by -30.5% to 31K tons in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 114%. As a result, imports attained the peak of 44K tons, and then shrank rapidly in the following year.

In value terms, lock and key imports shrank to $176M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 80%. As a result, imports attained the peak of $188M, and then contracted in the following year.

Import of Lock and Key in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	72.4	65.8	134	119	18.0%
Turkey	2.0	2.1	4.0	4.4	30.1%
Others	45.5	36.5	50.0	53.5	5.5%
Total	120	104	188	176	13.6%

Top Suppliers of Lock and Key to Chile in 2022:

China (27.3K tons)
Turkey (0.7K tons)

Lock and Key Exports in Chile

Lock and key exports from Chile stood at 2.2K tons in 2022, picking up by 8.4% compared with the previous year's figure. Overall, exports, however, recorded a noticeable decrease. The growth pace was the most rapid in 2021 when exports increased by 68%.

In value terms, lock and key exports stood at $16M in 2022. The total export value increased at an average annual rate of +6.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Export of Lock and Key in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bolivia	2.5	2.9	3.5	3.6	12.9%
Peru	2.9	2.1	2.5	2.3	-7.4%
Argentina	1.8	1.1	2.0	2.2	6.9%
Mexico	1.7	1.7	2.3	1.8	1.9%
Colombia	1.4	1.1	2.0	1.6	4.6%
Brazil	0.5	0.6	0.6	0.7	11.9%
Ecuador	0.9	0.4	0.8	0.7	-8.0%
Others	1.1	1.4	2.1	2.8	36.5%
Total	13.0	11.4	15.8	15.8	6.7%

Top Export Markets for Lock and Key from Chile in 2022:

Argentina (457.1 tons)
Colombia (387.7 tons)
Mexico (332.2 tons)
Peru (274.2 tons)
Bolivia (235.1 tons)
Ecuador (110.4 tons)
Brazil (96.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lock and key market in Chile. 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 25721130 - Base metal padlocks
Prodcom 25721150 - Base metal motor vehicle locks
Prodcom 25721170 - Base metal furniture locks
Prodcom 25721230 - Base metal cylinder locks used for doors of buildings
Prodcom 25721250 - Base metal locks used for doors of buildings (excluding cylinder locks)
Prodcom 25721270 - Base metal locks (excluding padlocks, motor vehicle locks, f urniture locks and locks used for doors of buildings)
Prodcom 25721330 - Base metal clasps and frames with clasps, with locks (excluding fasteners and clasps for handbags, brief-cases and executive-cases)
Prodcom 25721350 - Base metal keys presented separately (including roughly cast, forged or stamped blanks, skeleton keys)
Prodcom 25721410 - Base metal hinges
Prodcom 25721420 - Castors with mountings of base metal
Prodcom 25721430 - Base metal mountings, fittings and similar articles suitable for motor vehicles (excluding hinges, castors, locks and keys)
Prodcom 25721440 - Base metal mountings, fittings and similar articles suitable for buildings (excluding hinges, castors, locks, keys, spy holes fitted with optical elements and key operated door bolts)
Prodcom 25721450 - Base metal mountings, fittings and similar articles suitable for furniture (excluding hinges, castors, locks and keys)
Prodcom 25721460 - Other base metal mountings, fittings and similar articles (excluding for motor vehicles, buildings or furniture)
Prodcom 25721470 - Base metal automatic door closers
Prodcom 25721480 - Base metal hat-racks, hat-pegs, brackets, coat racks, towel racks, dish-cloth racks, brush racks and key racks (excluding coat-racks having the character of furniture)

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023