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Italy - Base Metal Furniture Locks - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Furniture Lock Price in Italy - 2023
Contents:
- Metal Furniture Lock Price in Italy (FOB) - 2022
- Metal Furniture Lock Price in Italy (CIF) - 2023
- Metal Furniture Lock Exports in Italy
- Metal Furniture Lock Imports in Italy
Metal Furniture Lock Price in Italy (FOB) - 2022
In 2022, the average metal furniture lock export price amounted to $54,223 per ton, waning by -6.8% against the previous year. In general, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices attained the maximum at $58,150 per ton in 2021, and then fell in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($201,377 per ton), while the average price for exports to the United Arab Emirates ($3,614 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 Spain (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Furniture Lock Price in Italy (CIF) - 2023
In July 2023, the average metal furniture lock import price amounted to $10,827 per ton, reducing by -30.1% against the previous month. Over the period under review, the import price saw a mild reduction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 131% m-o-m. The import price peaked at $26,103 per ton in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($32,317 per ton), while the price for Serbia ($2,149 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by France (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Furniture Lock Exports in Italy
In 2022, approx. 211 tons of base metal furniture locks were exported from Italy; waning by -18.3% on the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. As a result, the exports reached the peak of 258 tons, and then contracted significantly in the following year.
In value terms, metal furniture lock exports contracted dramatically to $11M in 2022. Overall, total exports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +2.4% 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 +35.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 77% against the previous year. As a result, the exports attained the peak of $15M, and then shrank significantly in the following year.
Export of Metal Furniture Lock in Italy (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 5,398 | 4,416 | 9,811 | 6,475 | 6.3% |
Spain | 1,182 | 607 | 959 | 1,188 | 0.2% |
Saudi Arabia | 88.8 | 90.7 | 300 | 524 | 80.7% |
Germany | 325 | 282 | 291 | 432 | 10.0% |
Bulgaria | 381 | 405 | 505 | 263 | -11.6% |
Poland | 317 | 203 | 244 | 245 | -8.2% |
Portugal | 243 | 171 | 300 | 234 | -1.3% |
Greece | 214 | 173 | 138 | 220 | 0.9% |
United Kingdom | 193 | 163 | 157 | 177 | -2.8% |
Albania | 53.6 | 89.0 | 114 | 102 | 23.9% |
Turkey | 32.4 | 56.9 | 88.5 | 101 | 46.1% |
Romania | 86.6 | 64.0 | 99.0 | 87.4 | 0.3% |
United Arab Emirates | 110 | 67.9 | 124 | 73.7 | -12.5% |
Others | 2,031 | 1,664 | 1,854 | 1,300 | -13.8% |
Total | 10,654 | 8,452 | 14,986 | 11,423 | 2.4% |
Top Export Markets for Metal Furniture Lock from Italy in 2022:
- Saudi Arabia (44.0 tons)
- France (32.2 tons)
- United Arab Emirates (20.4 tons)
- Albania (13.5 tons)
- Spain (10.8 tons)
- Germany (9.0 tons)
- Greece (8.7 tons)
- Bulgaria (7.0 tons)
- Portugal (6.8 tons)
- Poland (6.4 tons)
- Romania (5.8 tons)
- United Kingdom (4.0 tons)
- Turkey (3.9 tons)
Metal Furniture Lock Imports in Italy
Metal furniture lock imports into Italy surged to 578 tons in 2022, picking up by 27% on 2021. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% 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 +70.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, metal furniture lock imports skyrocketed to $8.8M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +68.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Metal Furniture Lock in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 1.7 | 0.9 | 1.7 | 2.7 | 16.7% |
China | 1.1 | 1.2 | 1.5 | 2.1 | 24.1% |
Thailand | 1.5 | 1.3 | 0.8 | 1.1 | -9.8% |
France | 0.5 | 0.3 | 0.4 | 0.9 | 21.6% |
Germany | 1.1 | 0.7 | 0.8 | 0.7 | -14.0% |
Serbia | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
Others | 0.9 | 0.5 | 0.6 | 1.0 | 3.6% |
Total | 7.0 | 5.2 | 6.1 | 8.8 | 7.9% |
Top Suppliers of Metal Furniture Lock to Italy in 2022:
- Serbia (156.0 tons)
- Belgium (135.6 tons)
- China (129.7 tons)
- France (58.9 tons)
- Thailand (56.4 tons)
- Germany (15.3 tons)
This report provides an in-depth analysis of the metal furniture lock market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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
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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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