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World - Safes, Strongboxes And Doors Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights
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The global market for safes, strongboxes, and doors of base metal is projected to experience growth in both volume and value terms over the next eight years. The market is forecasted to have a CAGR of +1.9% in volume, reaching 1.6M tons by 2030, and a CAGR of +3.3% in value, reaching $6.6B by 2030. China leads in both consumption and production, with the highest volume and value. The United States is the key importing country, while China is the largest exporter. Prices have seen fluctuations, with notable growth in certain years. Overall, the market is expected to see continued growth in the foreseeable future.
Market Forecast
Driven by increasing demand for safes, strongboxes and doors of base metal worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.9% for the period from 2022 to 2030, which is projected to bring the market volume to 1.6M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $6.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Safes, Strongboxes And Doors Of Base Metal
In 2022, global consumption of safes, strongboxes and doors of base metal contracted to 1.4M tons, which is down by -5.8% compared with 2021. The total consumption volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, global consumption reached the maximum volume at 1.5M tons in 2021, and then fell in the following year.
The global safes and strongboxes market value reduced to $5B in 2022, with a decrease of -2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $5.2B, and then contracted slightly in the following year.
Consumption By Country
The country with the largest volume of safes and strongboxes consumption was China (429K tons), accounting for 30% of total volume. Moreover, safes and strongboxes consumption in China exceeded the figures recorded by the second-largest consumer, India (165K tons), threefold. The third position in this ranking was taken by the United States (158K tons), with an 11% share.
In China, safes and strongboxes consumption increased at an average annual rate of +3.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.3% per year) and the United States (+3.0% per year).
In value terms, China ($1.1B) led the market, alone. The second position in the ranking was held by India ($464M). It was followed by the United States.
In China, the safes and strongboxes market expanded at an average annual rate of +4.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.8% per year) and the United States (+3.3% per year).
The countries with the highest levels of safes and strongboxes per capita consumption in 2022 were Italy (676 kg per 1000 persons), Russia (527 kg per 1000 persons) and Germany (521 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by China (with a CAGR of +3.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Safes, Strongboxes And Doors Of Base Metal
Global safes and strongboxes production declined to 1.4M tons in 2022, shrinking by -2.8% against 2021 figures. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 13%. Over the period under review, global production attained the maximum volume at 1.5M tons in 2021, and then shrank in the following year.
In value terms, safes and strongboxes production fell modestly to $5.2B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. Global production peaked at $5.4B in 2021, and then declined in the following year.
Production By Country
China (619K tons) constituted the country with the largest volume of safes and strongboxes production, accounting for 44% of total volume. Moreover, safes and strongboxes production in China exceeded the figures recorded by the second-largest producer, India (168K tons), fourfold. Russia (78K tons) ranked third in terms of total production with a 5.5% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled +2.7%. In the other countries, the average annual rates were as follows: India (+2.4% per year) and Russia (-0.5% per year).
Imports
World Imports of Safes, Strongboxes And Doors Of Base Metal
In 2022, after two years of growth, there was significant decline in overseas purchases of safes, strongboxes and doors of base metal, when their volume decreased by -12.8% to 402K tons. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of 461K tons, and then contracted in the following year.
In value terms, safes and strongboxes imports amounted to $1.4B in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.
Imports By Country
The United States was the key importing country with an import of about 167K tons, which finished at 41% of total imports. It was distantly followed by Germany (38K tons), achieving a 9.4% share of total imports. The following importers - Hungary (14K tons), France (9.3K tons), Italy (8.8K tons), the Netherlands (7.9K tons), the UK (7.9K tons), Austria (7.5K tons), Australia (7.1K tons), Canada (7K tons), Spain (7K tons), Japan (7K tons) and Portugal (6.5K tons) - together made up 22% of total imports.
Imports into the United States increased at an average annual rate of +2.7% from 2012 to 2022. At the same time, Portugal (+20.9%), Spain (+8.3%), Hungary (+6.7%), the Netherlands (+4.5%), France (+3.5%), Italy (+2.9%) and Australia (+1.1%) displayed positive paces of growth. Moreover, Portugal emerged as the fastest-growing importer imported in the world, with a CAGR of +20.9% from 2012-2022. Austria, Germany and Japan experienced a relatively flat trend pattern. By contrast, the UK (-2.2%) and Canada (-2.4%) illustrated a downward trend over the same period. While the share of the United States (+5.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($404M) constitutes the largest market for imported safes, strongboxes and doors of base metal worldwide, comprising 29% of global imports. The second position in the ranking was taken by Germany ($144M), with a 10% share of global imports. It was followed by France, with a 4.4% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +3.0%. In the other countries, the average annual rates were as follows: Germany (+2.8% per year) and France (+7.2% per year).
Import Prices By Country
The average safes and strongboxes import price stood at $3,429 per ton in 2022, jumping by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($6,560 per ton), while Portugal ($2,380 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Safes, Strongboxes And Doors Of Base Metal
In 2022, shipments abroad of safes, strongboxes and doors of base metal decreased by -2.8% to 407K tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 9.4%. As a result, the exports attained the peak of 419K tons, and then dropped in the following year.
In value terms, safes and strongboxes exports amounted to $1.5B in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.
Exports By Country
China was the largest exporter of safes, strongboxes and doors of base metal in the world, with the volume of exports finishing at 191K tons, which was near 47% of total exports in 2022. The Netherlands (42K tons) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (5.8%) and Mexico (5.6%). Poland (12K tons), Portugal (10K tons), Germany (9.6K tons), Italy (8.5K tons), the United States (8.5K tons) and the Czech Republic (7.8K tons) held a minor share of total exports.
From 2012 to 2022, average annual rates of growth with regard to safes and strongboxes exports from China stood at +1.0%. At the same time, Mexico (+8.6%), Portugal (+4.9%), Italy (+2.3%) and the Netherlands (+1.9%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +8.6% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.6%), the United States (-1.6%), Germany (-2.1%) and South Korea (-3.1%) illustrated a downward trend over the same period. Mexico (+3 p.p.) and China (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while South Korea saw its share reduced by -2.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($627M) remains the largest safes and strongboxes supplier worldwide, comprising 43% of global exports. The second position in the ranking was taken by Mexico ($105M), with a 7.2% share of global exports. It was followed by the Netherlands, with a 5.1% share.
In China, safes and strongboxes exports increased at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mexico (+9.1% per year) and the Netherlands (+3.0% per year).
Export Prices By Country
The average safes and strongboxes export price stood at $3,566 per ton in 2022, increasing by 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 7.7% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($7,602 per ton), while the Netherlands ($1,765 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global safes and strongboxes market. 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 25992120 - Armoured or reinforced safes, strongboxes and doors and safe deposit lockers for strongrooms, of base metal
- Prodcom 25992170 - Base metal cash or deed boxes and the like
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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
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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
- CONSUMPTION BY COUNTRY
- 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. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023