The 2023 data shows Germany leading in European sold production of locks and hinges with 876.79 million kilograms, followed by Italy and Austria with 573.52 and 435.41 million kilograms respectively. Notable decreases are observed in Spain, Poland, France, and the UK, signaling potential shifts in market dynamics. Germany experienced a 4.84% increase whereas Ireland saw a significant decrease of 21.34%, highlighting regional disparities.
Future trends to watch include:
- Potential recovery in France and the UK amidst evolving consumer demands.
- Continuous growth in Scandinavia, with Norway rising by 40.03%.
- Technological advancements and sustainability practices shaping production in Italy.
- Monitoring Eastern European markets for shifts due to competitive pricing and production efficiencies.
Top countries in Sold Production of Locks and Hinges by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 876,790,000 | 2023 | +5.19% | +4.84% | View data |
| 2 | 2 Italy | 573,520,000 | 2023 | +8.35% | +0.38% | View data |
| 3 | 3 Austria | 435,410,000 | 2023 | +2.84% | +3.62% | View data |
| 4 | 4 Spain | 99,905,000 | 2023 | +4.92% | -0.22% | View data |
| 5 | 5 Poland | 92,877,000 | 2023 | +2.08% | -0.93% | View data |
| 6 | 6 France | 56,678,000 | 2023 | +2.63% | -4.83% | View data |
| 7 | 7 Czechia | 46,559,000 | 2023 | |||
| 8 | 8 United Kingdom | 43,384,000 | 2023 | -1.34% | -6.21% | View data |
| 9 | 9 Hungary | 36,681,000 | 2023 | +2.07% | +1.29% | View data |
| 10 | 10 Portugal | 32,837,000 | 2023 | +3.48% | +10.86% | View data |
