In 2023, China dominated the global export of padlocks of base metal, accounting for over 86%. It saw a minor increase of 1.27% year-on-year. Other significant producers, Mexico and Germany, experienced declines, whereas countries like South Africa and Poland showed notable growth, with increases of 19.06% and 16.64%, respectively. Despite its minor share, Myanmar marked the highest growth rate at 134.35%. Conversely, Slovenia and Saudi Arabia recorded notable declines.
Future trends to watch include continued growth from emerging markets like Myanmar and substantial volatility in smaller exporters, potentially reshaping the global distribution of market shares over the coming years.
Top countries in Export of Padlocks of Base Metal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 86.57 | 2023 | +1.9% | +1.27% | View data |
| 2 | 2 Mexico | 1.31 | 2023 | -13.87% | -9.31% | View data |
| 3 | 3 Spain | 0.71 | 2023 | +1.8% | +2.18% | View data |
| 4 | 4 Germany | 0.69 | 2023 | -0.26% | -0.72% | View data |
| 5 | 5 France | 0.56 | 2023 | -0.82% | +4.21% | View data |
| 6 | 6 Belarus | 0.5 | 2023 | +5.05% | +6.98% | View data |
| 7 | 7 South Africa | 0.48 | 2023 | +2.67% | +19.06% | View data |
| 8 | 8 Belgium | 0.46 | 2023 | +1.83% | +0.51% | View data |
| 9 | 9 Sweden | 0.39 | 2023 | +4.34% | +6.69% | View data |
| 10 | 10 United Kingdom | 0.36 | 2023 | +1.51% | +2.26% | View data |
