In 2023, China led the global export of motor vehicle locks with a growth of 2.69%, while the Czech Republic and Italy also showed notable increases. Mexico and South Korea experienced marginal declines despite being major players. European countries like France and Poland faced declines of 16.04% and 1.31%, respectively. Emerging markets revealed mixed performance, with Kazakhstan seeing substantial growth and Russia experiencing an 11.64% reduction. Smaller exporters demonstrated volatile trends, notably with Estonia's 35.78% increase and Uruguay's significant rise of 30.85%.
Future trends to watch include potential gains from Asian markets like China and India, which continue to display robust growth, possibly driven by advancements in automotive technology. Furthermore, regulatory changes and supply chain optimizations may play critical roles in influencing exports from European nations. Additionally, the ongoing geopolitical tensions might affect optimism and growth aspirations in certain regions.
Top countries in Export of Locks of a Kind Used for Motor Vehicles of Base Metal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 42,820,000 | 2023 | +1.79% | +2.69% | View data |
| 2 | 2 Mexico | 29,175,000 | 2023 | -1.45% | -0.56% | View data |
| 3 | 3 Germany | 18,834,000 | 2023 | +1.37% | +1.92% | View data |
| 4 | 4 Czech Republic | 17,467,000 | 2023 | +1.23% | +0.81% | View data |
| 5 | 5 United States | 10,868,000 | 2023 | +1.47% | +1.9% | View data |
| 6 | 6 South Korea | 9,294,000 | 2023 | +1.82% | +2.81% | View data |
| 7 | 7 Portugal | 8,656,100 | 2023 | +2.6% | +2.58% | View data |
| 8 | 8 Italy | 7,412,000 | 2023 | +3.39% | +4.43% | View data |
| 9 | 9 Romania | 6,794,000 | 2023 | +4.97% | +5.55% | View data |
| 10 | 10 United Kingdom | 5,847,900 | 2023 | +1.91% | +3.15% | View data |
